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Showing 131 - 140 of 3953 results for "Press"

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
The disgraced director of Select AFSL, the company the Hayne Royal Commission exposed for hawking life and funeral insurance to vulnerable customers, has been banned from managing a company for five years, while his companies were fined $13.5 million. ...

Rising costs bite asset owners

KARREN VERGARA  |  MONDAY, 3 JUL 2023
The cost to do business for asset owners is becoming more expensive, as many report a 34% jump in fund servicing expenses over the last three years as they also grapple with lower management fees. The Investors' Costs and Fees report compiled by ...

Smart beta ETP market share matures: Morningstar

ANDREW MCKEAN  |  THURSDAY, 29 JUN 2023
The smart beta ETP market has reached maturity, evidenced by declining product closures, and increasingly intense fee competition, according to a Morningstar report. As of 31 December 2022, there were 1384 smart beta ETPs worldwide, with assets under ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... for checking for existing accounts on account creation despite not being required to. Still, ASIC commissioner Danielle Press said the failures identified were troubling. "It shouldn't take an ASIC review for super trustees to comply with the law. We ...

Asset managers ride the storm: Research

CHLOE WALKER  |  WEDNESDAY, 28 JUN 2023
While recent volatility has undoubtedly rattled the investment management landscape, it hasn't deterred asset managers from their future plans, according to a recent global study. The study, conducted by Coalition Greenwich in partnership with Northern ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
... accounts, were not held for the required period, or were not properly identified or disclosed. ASIC commissioner Danielle Press explained that, as providers of financial products, trustees have a responsibility to secure incoming funds for products in ...

Equity Trustees reviews UK, Ireland businesses

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
EQT Holdings, the parent company of Equity Trustees, is reviewing its investment and scrutinising the future of its operations in the UK and Ireland. Equity Trustees' managing director Mick O'Brien commented: "While the businesses are now well established ...

Decade-long Santos well leak prompts investor concern

ROSE MARY PETRASS  |  FRIDAY, 16 JUN 2023
Santos has admitted that its retired offshore oil and gas field Legendre has been leaking gas for a decade, throwing into doubt investor abilities to meet net zero plans. Methane gas - a greenhouse gas 25 times more powerful than carbon dioxide - has ...

Property market peril to continue: Quay Global Investors

CASSANDRA BALDINI  |  FRIDAY, 16 JUN 2023
... it went up," Bedingfield said. "The listed market had already baked this in but it's not going to stop the financial press from pointing to direct transactions and running around with their hair on fire; they do this all the time." However, decreased ...

Federal Reserve holds rates steady

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
Despite persistently high inflation, the Federal Reserve has chosen to keep the current target range for the federal funds rate at 5-5.25%. The Federal Open Market Committee (FOMC) opted to hold the funds rate steady, citing the need to assess additional ...