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Showing 1401 - 1410 of 18754 results for "ACT"

Janus Henderson turns $5.2bn fixed interest fund into active ETF

MATTHEW WAI  |  THURSDAY, 13 FEB 2025
... of strategies with a portfolio of government and semi-government bonds as well as corporate and asset-backed securities and act as a diversifier against the equity or growth exposure of an investor's portfolio, Janus Henderson said. First launched ...

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
... ultimately responsible for providing insurance benefits to members - even if they outsource that service to an insurer - they often act "at best" as administrators, "shuffling paperwork between the claimant and the insurer." "Despite their statutory ...

ASIC updates on SMSF advice review

ELIZA BAVIN  |  THURSDAY, 13 FEB 2025
The Australian Securities and Investments Commission (ASIC) said reviews are underway into why consumers are advised to establish an SMSF. Plans for the review were first announced in ASIC's Corporate Plan 2024-25 and the regulator has now confirmed ...

SMSFs outperform APRA funds over five years: Research

MATTHEW WAI  |  WEDNESDAY, 12 FEB 2025
... others," Mihaylov added. "While this home bias generally leads to sub-optimal levels of investment diversification, it can also act to dampen earnings and returns during periods where the domestic stock market underperforms international markets - precisely ...

FSCP deregisters adviser for two years

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
... 9). The FSCP consequently imposed a registration prohibition order under s921(K)(1)(d) and s921L(1)(c) of the Corporations Act 2001. Meilak's registration prohibition as a relevant provider was effective from February 10 until after 10 February 2027. ...

Treasury consults on genetic test ban in life insurance

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2025
... refuse life cover or offer it on less favourable terms, provided they do so in compliance with the Disability Discrimination Act (DDA). They can also still ask about diagnoses that resulted from a genetic test and will be able to access test results ...

Finance workers worry about job displacement from AI, government urged to take action

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
... access fundamental education and training about the use of this technology." One recommendation is to amend the Fair Work Act to ensure decision making using AI and ADM is covered under the law so that employers remain liable for these decisions. Another ...

EQT awarded two new mandates

ELIZA BAVIN  |  TUESDAY, 11 FEB 2025
Equity Trustees (EQT) has been awarded two fresh mandates to act as responsible entity for both Realm Investment House and MA Financial. MA Financial Group partnered with EQT as the responsible entity and custodian for its newly launched MA Credit Income ...

Cbus faces fresh investigation over fund expenditure practices

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
... pace." APRA, however, announced today that it is exploring possible breaches of the Superannuation Industry (Supervision) Act 1993 (SIS Act) by Cbus, with the investigation focused on expenditure management practices. APRA deputy chair Margaret Cole ...

MLC Life names chief risk officer

JAMIE WILLIAMSON  |  MONDAY, 10 FEB 2025
Melissa Ammon is taking over as MLC Life Insurance's chief risk officer on a permanent basis. Ammon has been acting in the role since September 2024 when Jane McGovern was appointed chief customer and strategy officer. She first joined MLC Life in 2024 ...