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Showing 1571 - 1580 of 9828 results for "ISS"

Target market determinations have improved: ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
ASIC thinks regulatory intervention has improved lenders target market determinations (TMD), but it still harbours concerns over product descriptions. ASIC Report 754 focuses on small amount credit contracts (SACCs) due to the overrepresentation of ...

Global X launches global carbon ETF

CHLOE WALKER  |  WEDNESDAY, 14 DEC 2022
The Global X global carbon ETF (GCO2) tracks the ICE Global Carbon Futures Index to provide access to the world's largest carbon markets. This includes the European Union Emissions Trading Scheme, Regional Greenhouse Gas Initiative, Western Climate ...

ASIC proceedings name Pendal board member

ANDREW MCKEAN  |  TUESDAY, 13 DEC 2022
ASIC has started civil penalty proceedings against 11 current and former directors and executives of Star Entertainment Group, including a Pendal Group director. ASIC deputy chair Sarah Court argued that the Star's board and executives failed to ...

Former Statewide Super executives charged

ANDREW MCKEAN  |  MONDAY, 12 DEC 2022
Two former senior Statewide Superannuation executives have appeared before the Adelaide Magistrates' Court charged with dishonesty offences. The offences relate to the former Statewide Super executive's procurement of services between February ...

ASIC abandons $500k SMSF threshold

ANDREW MCKEAN  |  FRIDAY, 9 DEC 2022
ASIC has updated guidance on SMSF advice, deciding to remove $500,000 as an indicator of the "appropriateness of advice" to establish a SMSF. ASIC hasn't opted to nominate a minimum threshold but said fund expenses are proportionality higher, and net ...

Global pension report reveals flight to safety

ELIZABETH FRY  |  FRIDAY, 9 DEC 2022
As is typical in volatile and uncertain times, a flight to safety is apparent. Global public funds will be net sellers of public equity and some higher-yielding fixed-income assets. They will retreat to safe-haven currencies, with dollar holdings rising ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
Superannuation trustees have a lot of work to do when it comes to complaints handling, ASIC says. A new report from the regulator has found some superannuation trustees have sub-standard arrangements for managing complaints. The finding is based on ...

CBA increases Countplus indemnity to $520m

ANDREW MCKEAN  |  THURSDAY, 8 DEC 2022
Commonwealth Bank of Australia (CBA) has increased the limit of indemnity provided to Countplus, from $300 million to $520 million. CBA said the purpose of the increased limit was to cover certain remediation activities that were identified at the time ...

ALRC should prioritise advice regulations: FPA

CASSANDRA BALDINI  |  THURSDAY, 8 DEC 2022
The Financial Planning Association of Australia (FPA) has said the Australian Law Reform Commission (ALRC) should prioritise advice regulations in its ongoing review of financial services law. In its latest submission to the ALRC review of the Legislative ...

OnePath Life sued over utmost good faith duties breach

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
OnePath Life will face ASIC in Federal Court over failures while handling a mental health claim. In 2016 a customer took out an income protection policy with OnePath Life through an ANZ financial adviser based in Grafton, New South Wales. OnePath Life ...