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Showing 231 - 240 of 2575 results for "Treasury"

Treasury consults on genetic test ban in life insurance

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2025
... industry can now provide feedback on the proposed ban on the use of adverse genetic test results in life insurance, with Treasury commencing consultation today. Treasury has opened consultation on the complete ban, which was announced in September 2024 ...

Trump orders creation of US sovereign wealth fund

ANDREW MCKEAN  |  TUESDAY, 4 FEB 2025
... executive order calling for the creation of a sovereign wealth fund. The executive order directs US secretary of the treasury Scott Bessent, who was sworn in last week by Supreme Court Justice Brett Kavanaugh - nominated by Trump during his first term ...

CSLR review will scrutinise effect on businesses

KARREN VERGARA  |  MONDAY, 3 FEB 2025
... funding model and how this impacts the businesses that support its operation will be centrepieces in Treasury's review. Treasury will also investigate how the CSLR is delivering on its intended objectives and how its operator interacts with the delivery ...

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... million to fund the Compensation Scheme of Last Resort (CSLR) for the next financial year - breaching the $20 million cap - Treasury is now calling for a review of the controversial scheme. The CSLR today released its FY26 levy estimates and blamed the ...

The regulatory pendulum has swung too far: FSC

ANDREW MCKEAN  |  FRIDAY, 31 JAN 2025
... trust of the industry and general public," he said. Briggs said the FSC has been pressing the government to commission a treasury-led review to ensure the CSLR remains "a genuine last resort," restricting compensation to those who've suffered actual ...

Canadian pension fund names new CIO

ELIZABETH FRY  |  THURSDAY, 30 JAN 2025
... month, he will oversee the manager's C$265 billion ($380 billion) portfolio design, overall investment strategy and treasury function. Charbonneau replaces Alexandre Roy, a senior managing director of total fund management, who served as CIO on an ...

Realm House hires from Plato

ELIZABETH FRY  |  THURSDAY, 30 JAN 2025
... Investors before the firm folded into Plato as an alternative income division. He previously worked at Westpac, Axa, Treasury Corp of Victoria, and IFM Investors. Tung is active in the CFA Society as an examiner and mentor. He will report to Realm's ...

Minimum service standards for super funds welcomed

ELIZA BAVIN  |  WEDNESDAY, 29 JAN 2025
... said. "Better service is especially important during sensitive and vulnerable moments in members' lives." Chalmers said Treasury will work closely with consumer advocates, regulators and industry stakeholders to develop the standards and the draft standards ...

Government to streamline financial reporting

ELIZA BAVIN  |  FRIDAY, 24 JAN 2025
... expertise where appropriate. This differs from the current arrangements where the FRC is supported by a secretariat within Treasury, the new body will be fully resourced in-house. Chalmers said in addition to accounting and auditing standards, the new ...

Government must commit to fixing CSLR: FAAA

MATTHEW WAI  |  THURSDAY, 23 JAN 2025
... between April 4 and 30 June 2024, resulting in just $147,000 in cost. The FAAA also criticised a response compiled by Treasury officials on their "complete disregard" for the implications for the industry. Touching on how CSLR could make financial advice ...