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Showing 1321 - 1330 of 9452 results for "Made"

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... significantly reduced the size and complexity of AMP's business, whilst continuing to resolve legacy issues. The changes we have made are allowing us to focus on driving performance and strategic investment in our growth businesses, with our eyes ...

AustralianSuper bungle underpays some Choice members

KARREN VERGARA  |  THURSDAY, 10 AUG 2023
... accounts. In the 2023 financial year, the $300 billion super fund delivered 8.22% for its balanced investment option. It recently made several senior appointments in the UK, recruiting talent from J.P. Morgan, BNP Paribas, and Macquarie Group.

APRA finalises framework for MySuper products

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... like a merger or change of RSE licensee. Where it's dealing with within-product changes, APRA explained that this month it made Superannuation technical determination: Actual and benchmark return formulae modifications (the Technical Determination) to ...

ASIC sues debt management firm, director

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
... suing a debt management firm and its director after it found only 5% of customers achieved a debt reduction and some payments made by customers were never even passed on to their creditors. ASIC has commenced proceedings in the federal court against ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... Sharia-compliant investments throughout their life, only to see those funds shift to a non-compliant fund upon retirement. "We've made it easy and hassle-free to set up an Islamic super account and account-based pension that aligns with members' ...

Charter Hall REIT cops $198m loss

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... in the commercial real estate sector materialise in the 2023 financial year results. The Charter Hall Long WALE REIT (CLW) made a whopping 122% loss after raking in a profit of $911.9 million in the prior period. The property fund manager calculated ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
... providers for greenwashing as well. Last month, ASIC announced it is taking Vanguard to federal court, alleging Vanguard "made false and misleading statements and engaged in conduct liable to mislead the public in representing that all securities in ...

Mayfair 101 accuses ASIC of "suspicious" conduct over FOIs

JAMIE WILLIAMSON  |  FRIDAY, 4 AUG 2023
... investigation into the private equity firm, one within six hours of its receipt. The embattled group said the first FOI request was made on June 20, followed by six separate FOI requests on July 21, seeking access to communications and notes exchanged ...

ASX appoints former ASIC chair to lead advisory group

CASSANDRA BALDINI  |  THURSDAY, 3 AUG 2023
... project instead suffered several delays and was dumped last November, writing off about $255 million in investment already made. Following the announcement, ASIC and the RBA acted to ensure the ASX maintained the current CHESS until a replacement is ...

Trustees to disclose more remuneration details

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... payments, defined as a guaranteed bonus; sign-on award to a newly appointed employee upon recruitment; or severance award made to an employee ceasing employment (excluding any statutory entitlements). APRA chair John Lonsdale said the changes would enhance ...