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Regulators to clamp down harder on greenwashing

ANDREW MCKEAN  |  FRIDAY, 27 SEP 2024
... on reviewing how the new technologies will work with existing architecture, and what the new risks are. The opportunity is now for companies to start building strong foundations for regulatory compliance going forward," Butler-Beatty said.

Pitcher Partners executives launch advice firm

KARREN VERGARA  |  FRIDAY, 27 SEP 2024
... joined Pitcher Partners in 2018 as head of risk, compliance, and operations, as well as serving as general manager. Levi is now chief operating officer, spending the last five years as Pitcher Partners' head of operations. Meanwhile, Pitcher Partners' ...

Schroders launches high yield credit strategy

MATTHEW WAI  |  FRIDAY, 27 SEP 2024
... Yielding Credit Fund, which has been an allocation within Schroders fixed income and multi-asset strategies since 2001, is now available as a standalone fund and will allow investors to diversify their equity or term deposit allocations whilst preserving ...

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... guarantee) returns to members," the RBA report said. However, the RBA noted that "the sector's rapid growth" - which it noted now makes up one-quarter of the financial system - and the rise in herding around common benchmarks and increased exposure to ...

Acadian, Yarra among most commonly used external managers by super funds

ANDREW MCKEAN  |  THURSDAY, 26 SEP 2024
... However, there is a wide dispersion on a fund-by-fund level and no clear trend by fund size. It said this is despite larger funds now dominating local asset classes, where they're likelier to face capacity constraints. The report added although many ...

Platinum quashes Regal bid

ANDREW MCKEAN  |  THURSDAY, 26 SEP 2024
... decided that Regal's offer undervalued the company and wasn't in the best interests of shareholders. "The board of Platinum has now considered the Regal proposal, including by obtaining advice from its financial and legal advisers, and has unanimously ...

ATO revises advice fee tax deductibility rules

JAMIE WILLIAMSON  |  THURSDAY, 26 SEP 2024
... for clients with pre-existing investments. The ATO has not agreed to this. However, we are very happy after five years to now have clarity with the final TD 2024/7." She added that the FAAA believes a significant portion of a typical advice fee will ...

Family office, KKR buy up regional Queensland airports

JAMIE WILLIAMSON  |  THURSDAY, 26 SEP 2024
... portfolio, and we're pleased with the outcome. Our capital helped support this investment to grow over many years, but we now look forward to new investors coming in, and managing these assets as they enter a new phase," he said. Both ART and TIF are ...

Inflation cools but RBA unlikely to budge

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... its moves late in the game," Shivadekar said. "It was one of the last central banks to start hiking rates post-pandemic, and now appears likely to be among the last to begin easing. "While the RBA will continue to monitor global trends, particularly ...

ASIC extends two advice instruments

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... Giving Personal Advice) Instrument 2024/508 for the purpose of extending reliefs that were due to expire in October. They are now extended to October 2029. In deciding to extend, ASIC said the instruments were operating efficiently and effectively and ...