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Showing 131 - 140 of 2062 results for "Let"

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
Rest is the latest fund to botch its handling of insurance - this time for incorrectly charging uninsured members for coverage - adding to a growing pile of industry failures. Rest's mishandling comes as other major superannuation funds have been caught ...

ASIC calls out super trustees over 'weak' anti-scam practices

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
The Australian Securities and Investments Commission (ASIC) has written to superannuation trustees urging them to strengthen anti-scam practices, or risk exposing their members to harm. The open letter, signed by ASIC commissioner Simone Constant, outlined ...

Super failures, greenwashing: ASIC's key issues in 2025

ELIZA BAVIN  |  TUESDAY, 28 JAN 2025
... said. ASIC said it was focused on the changing dynamic between public and private markets, and superannuation members being let down by their fund and trustee and identified issues which undermine market confidence and lead to poor investment decisions ...

mFunds sparked ASX outage, $1m credit issued

KARREN VERGARA  |  FRIDAY, 24 JAN 2025
The ASX said the outage from last month largely stemmed from the now-defunct mFunds and will subsequently credit participants $1 million to make amends. While several circumstances led to the glitch, the ASX traced the root cause to the introduction ...

More climate exits as Trump takes charge

ROSE MARY PETRASS  |  WEDNESDAY, 22 JAN 2025
Northern Trust and two other asset managers have left Climate Action 100+ (CA100+) as four banks exit the Net Zero Banking Alliance (NZBA). Northern Trust is the latest to depart both CA100+ and Net Zero Asset Managers initiative (NZAM); MFS Investment ...

AustralianSuper aims to five-fold $1.4bn Euro venture in five years

MATTHEW WAI  |  TUESDAY, 14 JAN 2025
... go-to partner for some of the world's largest and most respected real estate investors wishing to access the European multi let and urban logistics sector." The initiative adds to the super fund's global real assets portfolio of $56 billion; it has dedicated ...

Major climate group suspends operations

ROSE MARY PETRASS  |  TUESDAY, 14 JAN 2025
An alliance of financiers with over US$57.5 trillion in assets has bowed to US political pressure and hit pause after the exit of the world's largest asset manager, BlackRock. Net Zero Asset Managers (NZAM), which has over 300 members, announced it ...

ASIC sues HSBC Australia over $23m scam losses

MATTHEW WAI  |  MONDAY, 16 DEC 2024
... customers. "We allege HSBC Australia compounded the problem by failing to comply with its obligations under the ePayments Code and let its customers down when they needed their help the most, on average taking 145 days to investigate customers' reports ...

JANA consultant heads to Qatar

ELIZABETH FRY  |  TUESDAY, 10 DEC 2024
JANA Investment Advisers has lost a senior consultant to one of Qatar's largest pension funds. After five years at JANA, Kishodaran Letchumanan has joined the General Retirement and Social Insurance Authority (GRSIA) - the pension fund for Qatari ...

GDP grows but still slow: 'Confirms our worst fears'

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... dovish pivot, but our hopes are slim on the bank's firm hawkish leanings. Keeping policy restrictive till 'mid-2025' will not let the economy escape this deep downturn." IG market analyst Tony Sycamore said the soft GDP read reflects the RBA's restrictive ...