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Showing 1601 - 1610 of 11021 results for "Account"

Small super funds admonish APRA

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
In the most recent stakeholder survey conducted by APRA, small superannuation funds expressed disproportionally high discontent with the regulator. APRA observed that superannuation and trustee respondents gave distinctly lower ratings for almost all ...

New inquiry targets audit sector following PwC scandal

CASSANDRA BALDINI  |  FRIDAY, 23 JUN 2023
... "My colleagues and I will not cease our inquiries until all involved in this scandal have been fully named and held to account," she said. "More broadly, it is imperative that the entire sector is properly investigated in order to maintain the proper ...

Former Capstone adviser in EU with ASIC

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
A former Capstone Financial Planning adviser is in a court enforceable undertaking with ASIC after he failed to maintain adequate records to show clients were receiving the services they'd paid for. Gregory Blackaby, formerly of Acquire Strategic Advisers ...

Senate report labels PwC breach calculated, deliberate

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
Despite the inquiry continuing, a Senate committee has concluded that PwC deliberately covered up the actions of its staff and the plans to monetise the confidential information at the heart of its tax leaks scandal. A report published by the committee ...

Westpac plans aggressive platforms play

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2023
Bringing an end to years of speculation and sales discussions, Westpac will retain its platforms business, saying it intends to "aggressively compete" in the space. Despite having carried out a lengthy and competitive sales process, Westpac is going ...

CEFC backs agriculture investment platform

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 JUN 2023
The Clean Energy Finance Corporation (CEFC) and a Canadian state investment manager have co-invested in a platform aimed at assisting Australian farmers at decarbonising while boosting farm production. CDPQ (Caisse de dépôt et placement du Québec) ...

URF investors reject K2 as RE

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
An overwhelming number of investors in E&P Financial Group's US Masters Residential Property Fund (URF) have rejected K2 Asset Management as its new responsible entity. Unitholders of URF voted against appointing K2 Asset Management (KAM) as its ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... letters to members of failing Choice products to adjust for flag cost considerations. Trustees must therefore take into account the nature of different trustee-directed products (TDPs) Jones is introducing changes to representative administration fees ...

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 ...

ETF explainer: Understanding their structure

ANDREW MCKEAN  |  FRIDAY, 16 JUN 2023
... participants, typically financial institutions, manage the creation and redemption of ETF units, either transacting on their own account or on behalf of clients, primarily to secure ETFs at the net asset value (NAV). Market makers, on the other hand ...