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Showing 141 - 150 of 605 results for "MEC"

Inquiry criticises gaps in CSLR

KARREN VERGARA  |  MONDAY, 31 JAN 2022
The proposed Compensation Scheme of Last Resort regime has several flaws that will overlook the protection of certain investors, a parliamentary inquiry heard. In discussing the Standing Committee on Economics Financial Services Compensation Scheme ...

Longo's ASIC less aggressive: Report

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
Despite a flood of litigation following the Royal Commission, a new report from Herbert Smith Freehills says Joe Longo's ASIC is taking a less aggressive enforcement approach than its contemporaries. Herbert Smith Freehills' Global Financial Services ...

Pensioners could solve skills shortage

KARREN VERGARA  |  WEDNESDAY, 8 DEC 2021
Increasing the number of work hours without affecting Australians' Age Pension could be the solution to the current skills shortage crisis. This is according to the Australian Chamber of Commerce and Industry, which is calling on the federal government ...

Review of ASIC kicks off

ELIZABETH MCARTHUR  |  TUESDAY, 30 NOV 2021
The review of ASIC's effectiveness is open and accepting submissions. The Financial Regulator Assessment Authority (FRAA) was established in response to recommendations 6.13 and 6.14 of the Royal Commission. It is tasked with reviewing and reporting ...

Packhorse names ESG head

ANNABELLE DICKSON  |  WEDNESDAY, 24 NOV 2021
The agriculture cattle property investment manager appointed a head of ESG, specialising in soil carbon. Elaine Mitchell will be responsible for ensuring nature and biodiversity is at the forefront of operations, while generating consistent and sustainable ...

Super executives switching options in conflict: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
ASIC has released the results of surveillance into investment switching by super fund executives during market volatility at the start of the pandemic, finding possible conflicts of interest. ASIC looked at a sample of 23 trustees (including trustees ...

Stephen Jones changes tack on risk advice

ANNABELLE DICKSON  |  TUESDAY, 21 SEP 2021
Speaking at the Association of Financial Advisers' (AFA) national conference, shadow minister for financial services and superannuation Stephen Jones said his views on life insurance have been challenged. Jones said he has reflected on arguments ...

BlackRock warns against reforms based on assumptions

JAMIE WILLIAMSON  |  TUESDAY, 21 SEP 2021
In its submission to the inquiry into common ownership, BlackRock point out the theory behind the inquiry is "based on fundamental misconceptions", adding that any possible reforms based on ideas still under debate would be premature. Citing a 2015 ...

Retail, corporate funds lack transparency on ESG votes

KARREN VERGARA  |  TUESDAY, 7 SEP 2021
Retail and corporate super funds continue to show a poor track record of how they vote on environmental, social and governance matters, new research shows. According to the Australasian Centre for Corporate Responsibility (ACCR), which analysed the ...

Super funds not ready for IDR

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
An ASIC survey of super funds about their preparedness for the new enforceable internal dispute resolution (IDR) obligations identified areas of weakness. The specific areas identified by the regulator as needing improvement include attention to governance ...