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| | ... for checking for existing accounts on account creation despite not being required to. Still, ASIC commissioner Danielle Press said the failures identified were troubling. "It shouldn't take an ASIC review for super trustees to comply with the law. We ... |
| | | While recent volatility has undoubtedly rattled the investment management landscape, it hasn't deterred asset managers from their future plans, according to a recent global study. The study, conducted by Coalition Greenwich in partnership with Northern ... |
| | | ... accounts, were not held for the required period, or were not properly identified or disclosed. ASIC commissioner Danielle Press explained that, as providers of financial products, trustees have a responsibility to secure incoming funds for products in ... |
| | | EQT Holdings, the parent company of Equity Trustees, is reviewing its investment and scrutinising the future of its operations in the UK and Ireland. Equity Trustees' managing director Mick O'Brien commented: "While the businesses are now well established ... |
| | | ... it went up," Bedingfield said. "The listed market had already baked this in but it's not going to stop the financial press from pointing to direct transactions and running around with their hair on fire; they do this all the time." However, decreased ... |
| | | 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 ... |
| | | Despite persistently high inflation, the Federal Reserve has chosen to keep the current target range for the federal funds rate at 5-5.25%. The Federal Open Market Committee (FOMC) opted to hold the funds rate steady, citing the need to assess additional ... |
| | | The Reserve Bank of Australia (RBA) has hiked rates by another 25 basis points to bring the official cash rate to 4.1%. Many experts fear that Australia is teetering on the edge of a recession and that the latest decision by the nation's central bank ... |
| | | Accelerating wages growth and higher than expected inflation would perhaps indicate an increase is justified, however, the economic hardships faced by Australians is intensifying. According to an economic misery index by the University of Melbourne ... |
| | | The Fair Work Commission lifted Australia's minimum and award wages by 5.75% to alleviate incomes eroded by inflation, but experts say the Reserve Bank of Australia (RBA) won't be backing off anytime soon. Speaking this morning, Fair Work Commission ... |
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