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Showing 251 - 260 of 3289 results for "Employee"

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... situations, but some did not adequately train staff on how to do so. For some, training was only provided as part of an employee's induction, if at all, the regulator noted. It also observed indications that complaints-handling staff were not aware of ...

Cbus lacks stringent director, expenditure policies: Deloitte

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
An independent review by Deloitte has found little evidence to suggest Cbus' pricey relationship with the CFMEU is in the best financial interests of members. It also found the fund's processes for determining the propriety of board directors ...

BlackRock makes US$12bn acquisition

MATTHEW WAI  |  WEDNESDAY, 4 DEC 2024
BlackRock is set to acquire credit manager HPS Investment Partners for US$12 billion, creating a US$220 billion franchise. Under the deal, the two entities will create a new private financing solutions business, to be led by HPS chief executive Scott ...

Netwealth celebrates $100bn amid 25th anniversary

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
Netwealth has marked 25 years in business by crossing $100 billion in funds under administration (FUA) on its platform. On November 28, Netwealth achieved FUA of $100 billion, comprised of $99.5 billion in custodial FUA and $0.7 billion non-custodial. ...

WA super law reforms boost GESB

JAMIE WILLIAMSON  |  MONDAY, 2 DEC 2024
Laws that will enable GESB members to keep growing their super with the fund after they leave the public service have been passed. Changes to the State Superannuation Act 2000 have now been passed by both Houses of Western Australia's Parliament, benefiting ...

AMP completes advice licensees sale

KARREN VERGARA  |  MONDAY, 2 DEC 2024
AMP has finalised its divestment of three licensees and support service business to Entireti and AZ NGA as the new owners unveil a revamped leadership team. Some 950 advisers across AMP Financial Planning, Hillross, and Charter Financial Planning now ...

AI no silver bullet for advice process, documentation: Experts

KARREN VERGARA  |  FRIDAY, 29 NOV 2024
Financial advisers are increasingly looking to artificial intelligence (AI) to improve their processes and documentation, but experts warn they must exercise a degree of caution and ensure that anything it produces complies with regulation. A whopping ...

Macquarie fined $25m over 400 fake trades

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
The UK's Financial Conduct Authority (FCA) has fined Macquarie Bank's London Branch (MBL) $25 million (£13m) for enabling one of its employees to record over 400 fictitious trades over a 20-month period. The fictitious trades also cost MBL an estimated ...

CI Financial taken private by Mubadala Capital

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2024
CI Financial, which owns most of GSFM, is being acquired by Mubadala Capital, a subsidiary of the United Arab Emirates' sovereign wealth fund. CI Financial, which is listed on the Toronto Stock Exchange, will be taken private by Mubadala Capital in ...

Work-related training boosts pay and productivity: CEDA

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... for employees and employers alike for enabling career progression and higher wages for the former and higher levels of employee engagement and productivity for the latter. "The time and money devoted to training underline its economic importance. We ...