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Showing 1511 - 1520 of 8401 results for "OPT"

ASIC issues warning over brokers' high-risk offers

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... manage risks. Features that may be unfair or inappropriate include bundling of securities with other services or automatic opt-in of clients to lending; no re-qualification or vetting of investors; and a fee split that is heavily skewed in the provider's ...

Four MySuper products fail for second time: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
Five MySuper products have failed the second annual MySuper performance test, with four of them failing for a second time. The product that failed this year's performance test for the first time is Westpac Group Plan MySuper. Westpac must now identify ...

The unintended consequences of the performance test

JAMIE WILLIAMSON  |  TUESDAY, 30 AUG 2022
While the annual Your Future, Your Super performance test is focused on stamping out underperformance, its impact on industry consolidation is likely already shifting, according to KPMG. The results of the second annual performance test are expected ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... an adequate transition period for implementing these changes, with consideration also given to allowing providers to 'opt in' early. Turning to the regulator's role, Levy explained a large amount of feedback on ASIC was received and that ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
ASIC is calling on superannuation trustees to review and improve the effectiveness of target market determinations (TMD) for their products. The regulator's request follows a sample review of trustee compliance that found some poor practices. ASIC ...

Online investor numbers taper out: Report

ANDREW MCKEAN  |  FRIDAY, 26 AUG 2022
... trading activity, to which Guiamatsia commented: "It's common to see market downturns induce a paralysis of sorts, as many opt for a wait-and-see approach in turbulent times." Correspondingly, Investment Trends Investor Intentions Index indicates investors' ...

Australian Ethical sees profits drop, record super flows

JAMIE WILLIAMSON  |  FRIDAY, 26 AUG 2022
Profits are down and expenses are up at Australian Ethical, as it continues to implement its high growth strategy. Releasing its full-year results today, Australian Ethical recorded a 15% drop in net profit after tax to $9.6 million and a 7% decline ...

AustralianSuper increases investment fees

ANDREW MCKEAN  |  THURSDAY, 25 AUG 2022
AustralianSuper has raised the fees of most investment options on account of its recent investments in several large infrastructure and property assets. The fund's balanced option, in which more than 90% of its members are invested, saw its fees ...

Equity Trustees celebrates new mandate

CHLOE WALKER  |  TUESDAY, 23 AUG 2022
Equity Trustees will become the responsible entity partner of Tanarra Credit Partners' new TCP Private Debt Income Fund. The TCP Private Debt Income Fund aims to provide investors attractive risk-adjusted returns with a focus on capital preservation ...

Credit Suisse hires head of infrastructure

CHLOE WALKER  |  TUESDAY, 23 AUG 2022
Timothy Foy will join Credit Suisse Australia as its new managing director and head of infrastructure Australia. With over 26 years' experience, Foy joins from Jefferies where he also served as managing director and head of infrastructure. He has previously ...