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Showing 161 - 170 of 1435 results for "Watch"

First Super awards ESG mandate

RACHEL ALEMBAKIS  |  FRIDAY, 10 MAR 2023
... data. That gives us the feed that allows for the screening out. "What we end up with are companies are given a pass/fail or watch - it's a fairly simple process. We expect that over a period of time it will become more refined, but it's down ...

ASIC issues more interim stop orders

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
Deficiencies in its target market determination (TMD) have seen interim stop orders placed on Interactive Brokers Australia. ASIC initiated the temporary suspension, valid for 21 days, to prohibit Interactive Brokers from offering, issuing, or giving ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
Providing its final update on institutions' financial advice remediation programs, ASIC calculated AMP, ANZ, Commonwealth Bank (CBA), Macquarie, NAB and Westpac have so far paid a combined $4.7 billion. The remediation programs included in ASIC's update ...

Morrison Securities stake to net Sequoia $40m

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
Sequoia Financial Group is offloading 80% of Morrison Securities to a digital wealth platform for $40.5 million. The listed wealth group is divesting 80% of its equity interest in the stockbroker to New Quantum Holdings, leaving Sequoia's balance sheet ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... insurance and superannuation industries will have greater personal accountability for misconduct that occurs under their watch." Of note, CHOICE also wants to introduce civil penalties to strengthen the impact of FAR.

Chalmers' promise to end super wars foiled by criticism

ANDREW MCKEAN  |  THURSDAY, 2 MAR 2023
... the government's proposed tax changes and will repeal them at the next election. "We're not going to stand by and watch Australians get attacked," Dutton said. "I think the uncertainty that they're [Labor] creating around superannuation is ...

Gurner Group welcomes first investment chief

CHLOE WALKER  |  THURSDAY, 2 MAR 2023
Credit Suisse's head of real estate has been named Gurner Group's first chief investment officer. Rahul Bharara spent close to three years as Credit Suisse Australia's head of real estate and seven years as director of real estate investment banking ...

Mercer embroiled in greenwashing allegations

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
Setting a precedent, the corporate watchdog has taken Mercer Superannuation Australia to court for alleged greenwashing conduct. Mercer marketed the Sustainable Plus options, available in the Mercer Super Trust (MST), as suitable for members who "are ...

Financial Circle director convicted, fined

CHLOE WALKER  |  TUESDAY, 21 FEB 2023
A director of the now defunct financial services firm has been convicted of managing a corporation and fined $6000. Joshua David Fuoco pleaded guilty to the charges in the Melbourne Magistrates Court. The charge arose from an ASIC investigation that ...

Former Big Un chief charged with insider trading

CASSANDRA BALDINI  |  WEDNESDAY, 15 FEB 2023
Richard Evans could face up to 10 years in prison following ASIC allegations that he communicated inside information about the former ASX-listed company. Evans, also known as Richard Simon Evertz, was represented by his lawyer in the Downing Centre ...