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Showing 1421 - 1430 of 6264 results for "DET"

Federal Court rules against RI Advice in cybersecurity case

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
The Federal Court has found RI Advice breached its obligations as a licensee by failing to have adequate systems in place to manage cybersecurity risks, leading to several incidents that put client information at risk. In what ASIC says is an Australian ...

US Federal Reserve enacts biggest rate hike in 22 years

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
The US Federal Reserve has raised rates by 0.5%, the most aggressive interest rate increase in over 20 years. In his opening statement, Federal Reserve chair Jerome Powell said: "Inflation is much too high, and we understand the hardship it is causing ...

AvSuper, Commonwealth Super Corporation explore merger

JAMIE WILLIAMSON  |  WEDNESDAY, 4 MAY 2022
Six months on from commencing its Expressions of Interest (EOI) process, AvSuper has confirmed it will look to merge with Commonwealth Superannuation Corporation. The two funds have signed a Memorandum of Understanding to now conduct due diligence to ...

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
In the first increase in more than a decade, the Reserve Bank of Australia has raised the cash rate target by 25 basis points to 0.35%. Announcing the decision this afternoon, RBA governor Philip Lowe said the board determined the time is right to begin ...

AMP launches North app

CHLOE WALKER  |  MONDAY, 2 MAY 2022
AMP has launched a client app for its wrap investment platform North, making it easier for clients to stay connected to their investments. Available now, investors can keep track of their super, pension and investment accounts; monitor their investments' ...

The transforming role of the trustee

ANDREW MCKEAN  |  FRIDAY, 29 APR 2022
At the ASFA Conference, HESTA chair Nicola Roxon shared her strong conviction about the role representative trustees have at industry funds. "I think you get incredible insight from these people who are very close to our 400,000 members," she said. ...

FPA names new chair

JAMIE WILLIAMSON  |  TUESDAY, 26 APR 2022
The Financial Planning Association of Australia will welcome a new chair next month as Marisa Broome's term comes to an end. The result of a long-term succession plan, current deputy chair David Sharpe will take over as chair on May 1, based in Perth. ...

SMSFA collaborates with APRA on rollover improvements

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
The SMSF sector has been plagued with delays when rolling over funds from APRA regulated funds to SMSFs, so the industry body is working with the regulator with the hope of improving processes. SMSF Association deputy chief executive and director of ...

'No easy answer' to ESG disclosures by super fund trustees

ANDREW MCKEAN  |  THURSDAY, 21 APR 2022
In line with heightened public attention to the challenges of climate change, patterns of ESG disclosure by superannuation fund trustees have had to evolve. A Herbert Smith Freehills report claimed Australian superannuation fund members were more interested ...

CBA dismisses rumours of crypto tie-up

CHLOE WALKER  |  WEDNESDAY, 20 APR 2022
Commonwealth Bank of Australia is denouncing claims of a partnership with a cryptocurrency trading platform that came from an alleged false news article. The article, which claimed to be a report from the Australian Broadcasting Corporation (ABC) news ...