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Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023
... slavery over the last five years. In 2020, Australia introduced the Modern Slavery Act and companies have responded with reporting on exposures and risks in their operations and in their supply chains, but experts tell FS Sustainability that much needs ...

AMP wealth management AUM grows $2bn

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
... a 6% market share among non-aligned financial advisers and 7.5% market share among aligned financial advisers. Also reporting to the ASX today, Australian Ethical announced it has sustained positive net flows amid challenging market conditions. During ...

Equity Trustees enlists HUB24 for custodial platform admin

ANDREW MCKEAN  |  TUESDAY, 18 APR 2023
... advisers to make decisions in line with their clients' tax preferences when performing switches on managed portfolios. Reporting feature, HUB24 Present, was also upgraded allowing advisers to incorporate a client's off-platform assets into portfolio ...

Mercer Super names key executives

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
... Super and Multi-Sector. He will also play a deputy chief investment officer within the broader Mercer Pacific business. Reporting to Mercer Pacific investment chief Kylie Willment, Collocott will be responsible for the performance of the Mercer Super ...

Maple-Brown Abbott relaunches sustainable fund

CASSANDRA BALDINI  |  WEDNESDAY, 5 APR 2023
... transition will be different in the future than they are today," she said. "To bring this to life for investors, our reporting includes visual representation of the degree to which the fund is contributing to each of the Sustainable Development Goals." ...

Iress error impacts ESSSuper members

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
ESSSuper has disclosed a reporting error made by its administrator, Iress, that impacted 9% of its defined benefit members. Due to Iress' incorrect contribution reporting to the ATO for the 2021-2022 financial year, approximately 9% of ESSSuper defined ...

APRA investigates NobleOak capital adequacy breach

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
... The breaches specifically relate to Prudential Standard LPS 117 Capital Adequacy: Asset Concentration Risk Charge and Reporting Standard LRS 117.0 Asset Concentration Risk Charge. APRA said it will also "take action as needed to hold those responsible ...

New Australian digital assets bill to regulate crypto

ANDREW MCKEAN  |  THURSDAY, 30 MAR 2023
... Bill also provided that certain banks that facilitate the availability or use of digital Yuan in Australia adhere to reporting requirements outlined.

Kapstream wins new mandate

KARREN VERGARA  |  TUESDAY, 28 MAR 2023
... due to the completion of the Christian Super successor fund transfer, which contributed $1.93 billion. In the latest reporting period, Australian Ethical landed in 15 new approved products lists and model portfolio inclusions across different financial ...

It's not 2008, but there's likely more pain ahead: Iggo

CHLOE WALKER  |  TUESDAY, 28 MAR 2023
... also attributable to potential credit impairments, losses in other sectors such as real estate, and a wave of banks reporting loan-loss provisions. "The interest rate market seems to know how this story ends - rate cuts," he said. "If they materialise ...