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Showing 121 - 130 of 1021 results for "Financial Institutions"

Asset managers dismiss liquidity risks: FCA

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... cost-of-living crisis also grips the UK, the FCA, under the new Duty, has set out its expectations for financial institutions to offer consumers fair and competitive saving rates. The FCA said that it has seen "some positive action by banks and building ...

Netwealth relaunches Wealth Accelerator

JAMIE WILLIAMSON  |  FRIDAY, 30 JUN 2023
... of reports. It also includes third-party data feeds, importing clients' data held with banks and other financial institutions, residential property information, and asset holdings. Netwealth said this is the first time Wealth Accelerator users have had ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... the regulation to explicitly permit trustees to include lifetime annuities. "The QAR suggestion is that financial institutions including superannuation trustees should be permitted to offer all advice and that the SoA requirements be reduced," he said. ...

Pengana appoints leaders for private credit division

CASSANDRA BALDINI  |  FRIDAY, 23 JUN 2023
... development and investor relations. Prior to that, he held a position at J.P. Morgan as its executive director of financial institutions and at Merrill Lynch as vice president of investment banking. He also spent over a year at National Australia Bank ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
... overnight launched its first system-wide stress test to understand the behaviours of banks and non-bank financial institutions (NBFIs) in volatile financial markets. Recent chaos across UK markets has led to the system-wide exploratory scenario (SWES) ...

ETF explainer: Understanding their structure

ANDREW MCKEAN  |  FRIDAY, 16 JUN 2023
... ETF institutional market - authorised participants and market makers. Authorised participants, typically financial institutions, manage the creation and redemption of ETF units, either transacting on their own account or on behalf of clients, primarily ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... providers (qualified advisers) who provide personal advice and Non-Relevant Providers such as advice firms or financial institutions. Design and Distribution Obligations (Recommendations 12.1 and 12.2) will be reworked to "limit the exception to the ...

Zurich, InterPrac, Sequoia back pro-bono advice

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
... deliver pro bono advice to individuals living with personal health issues. Through the partnership, the financial institutions will work with the not-for-profit to assist individuals suffering from serious illness or disability. Zurich said its life ...

Treasury proposes upping supervisory levies

ANDREW MCKEAN  |  FRIDAY, 26 MAY 2023
Treasury has proposed a 1.5% increase in the Financial Institutions Supervisory Levies for the 2023-24 financial year, including a $7.2 million budgetary boost for APRA. Treasury papers revealed the total funding required under the levies in 2023-24 ...

AEP, GSFM launch Australian film fund

CHLOE WALKER  |  MONDAY, 15 MAY 2023
... to $100 million in equity, to be coupled with a bank facility of up to $500 million, arranged and led by financial institutions in the global screen industry. It will be capped at producing 40 original productions and increasing to 55 total projects ...