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Showing 1711 - 1720 of 14064 results for "State"

Regulation, funding inhibits digital advice: Report

KARREN VERGARA  |  MONDAY, 22 MAY 2023
... Another is security risk encompassing privacy, cyber security, data loss and data breaches whereby one in two robo-advisers state this as one of their top priorities. Funding is an issue for many of these start-ups. Some providers are seeking a compelling ...

Super fund blunder likely down to bad data: Podcast

CASSANDRA BALDINI  |  THURSDAY, 18 MAY 2023
Holding Redlich partner Luke Hooper says when it comes to AustralianSuper's recent intra-fund consolidation breach, it's likely the root cause lays in data entry. The recent case of AustralianSuper refunding 100,000 members it had held multiple ...

Finfluencers bridge financial advice gap

KARREN VERGARA  |  THURSDAY, 18 MAY 2023
One year since ASIC forced finfluencers to obtain a general advice licence or else, finfluencers playing by the rules are reaching financially illiterate and disengaged Australians in a way that traditional advice has failed to. Finfluencers backed ...

Fitch gives Labor budget AAA rating

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
For the first time under a Labor government, Fitch has handed down a AAA rating to the May budget. In a statement, Fitch applauded the government for its spending restraint and said the nation's public finances had outperformed expectations. "The commitment ...

Hostplus surpasses $100bn in FUM

CHLOE WALKER  |  WEDNESDAY, 17 MAY 2023
Hostplus says the growth has been driven by a combination of mergers and strong member growth. According to APRA data, as of June 2022 the fund had about $82.5 billion in FUM. Less than 12 months later, it has tipped over $100 billion, held on behalf ...

Abolishing FDSs a major win: Panel

KARREN VERGARA  |  TUESDAY, 16 MAY 2023
The Quality of Advice Review's recommendation to abolish Fee Disclosure Statements would be a major win for financial advisers as many continue to grapple with providing accurate documents to clients. The Financial Advice Association Australia general ...

Ariel Investments launches EM portfolios in Australia

CASSANDRA BALDINI  |  TUESDAY, 16 MAY 2023
... inefficiencies in emerging markets, which offer opportunities to own undervalued companies," it added. Given the current state of global markets, Ariel believes there are many strong reasons for investors to return to the fold, particularly in emerging ...

AFCA tallies up COVID-19 complaints

JAMIE WILLIAMSON  |  FRIDAY, 12 MAY 2023
... of a claim accounted for 1454. Delays in claims handling resulted in 1286 complaints, and service quality led to 1162. By state, most complaints were lodged by people living in New South Wales (30%), followed closely by Victorians at 29%. One percent ...

Industry funds' illiquid assets scrutinised

ANDREW MCKEAN  |  THURSDAY, 11 MAY 2023
The Australian superannuation system allows investors to shift between options and funds daily, raising critical questions about liquidity. Despite requirements under SPG530 - Investment Governance, public disclosure on liquidity stress-testing is relatively ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... these rules. Although a jurisdiction may generally have a corporate tax rate higher than 15%, it appears that the rules then state that if a jurisdiction has different rates of tax for different types of income, entities must have regard to the lowest ...