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Showing 221 - 230 of 2994 results for "Problem"

Why active managers are falling behind in emerging markets

ELIZA BAVIN  |  FRIDAY, 22 MAR 2024
... many investors have been happy to pay higher fees to for active management where a professional picks the stocks. The problem is that the majority of these professional investors have underperformed the market." McCormack said this has left many investors ...

Lombard Odier brings plastic circularity fund down under

JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2024
... and sustainability outcomes worldwide," he added. In support, AFM Investment Partners' John Donovan said the plastics problem is widely acknowledged and local investors welcome innovative investment solutions such as this. Meantime, Equity Trustees executive ...

ASX settles $1.05m fine for transparency failures

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
... pinpointed the transparency failure to ASX's failure to configure certain order functionality on its trading system; a problem that remained unnoticed until highlighted by an unnamed market participant. Despite opportunities for early detection ...

Pay gaps at super funds, fund managers revealed

JAMIE WILLIAMSON  |  TUESDAY, 27 FEB 2024
... (WGEA), with individual employer pay gaps reported for the first time as part of the government's strategy to solve the problem costing the economy $51.8 billion each year. According to the reporting, the financial services industry's median ...

MLC Life Insurance hires from Cbus

CHLOE WALKER  |  TUESDAY, 27 FEB 2024
MLC Life Insurance has appointed Mirella Robinson to the newly created role of chief technology officer. Robinson, who brings 20 years' experience to the role, most recently served as chief information and technology officer at Cbus. Prior to Cbus ...

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
Senator Andrew Bragg has called for another Financial System Inquiry (FSI) to address "structural problems" in the twin peaks of financial sector regulation, ASIC and APRA. In his speech to the Financial Services Council (FSC), Bragg argued that "clear ...

Advisers should have an AI plan: Netwealth

CHLOE WALKER  |  THURSDAY, 22 FEB 2024
When it comes to incorporating artificial intelligence (AI) and big data into an financial advice practice, it's imperative to have a plan in place, according to Netwealth head of marketing Andrew Braun. Addressing the crowd at the SMSF Association ...

ASIC vigilant on bad SMSF advice

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... and illegally. Financial advisers, accountants, and other SMSF professionals have a key role to play in addressing this problem, Sciacca said, urging them to alert ASIC if they come across any SMSF misconduct. "Financial advisers advising clients about ...

Jailed adviser permanently banned by ASIC

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
... financial adviser who was jailed for stealing more than $1 million from his clients' superannuation to feed a gambling problem is now permanently banned from the industry. In September 2023, Mark Raymond Sebo was found guilty of misappropriating $1,056,685.18 ...

Conference to address major SMSF issues

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... see anything too draconian, but it will be entirely reasonable if that really is on the rise and if it is becoming a big problem. The ATO's rhetoric around it would suggest it is, then you could completely understand why they've looked to make ...