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Showing 2781 - 2790 of 6884 results for "Act2"

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
APRA has confirmed it will hire around 100 more permanent staff after its funding boost. In a planned statement to the Senate Economics Legislation Committee, APRA chair Wayne Byres revealed the prudential regulator is looking to hire 100 more permanent ...

Australian fund caught in email scandal

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
The board of a $5 billion Australian government fund, run by several former investment bankers, has been admonished for using non-official email accounts to conduct business with political and commercial sensitivities. The Auditor General said some ...

Technical Services Forum: Keep advisers informed of change

HARRISON WORLEY  |  THURSDAY, 11 APR 2019
Lively discussion broke out during the first Challenger Financial Standard Technical Services Forum for 2019 in Sydney yesterday, with the consensus being financial advisers must be across which products are exempt from means testing. Challenger head ...

Transparency key to ESG advice success

ELIZABETH MCARTHUR  |  THURSDAY, 11 APR 2019
Advisers are finding it difficult to provide advice on ethical, environmental, social and governance (ESG) considerations due to limited transparency from the $2.7 trillion super industry. Australian Ethical head of client relationships Leah Willis ...

AMP, IOOF: Saved by ESG

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
An equity specialist released a new report outlining its ESG approach to saving both its investments and the reputations of AMP and IOOF following the Royal Commission. In its 2019 Annual Stewardship Report, Martin Currie outlines how it worked with ...

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
New legislation has put an end to trustees incentivising employers to appoint them as their default superannuation fund. Part of the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019 bans ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
In the second half of last year ASIC brought criminal proceedings against nine individuals on 76 charges, with four people imprisoned as a result and $12.7 million imposed in civil penalties. ASIC also disqualified 28 directors and there were 72 instances ...

Climate change an imminent threat to returns

ELIZABETH MCARTHUR  |  TUESDAY, 9 APR 2019
A new report from Mercer shows how a climate change of 2c or more could have a detrimental impact on investment returns. According to Mercer, investing for a 2c climate change scenario is both an imperative and an opportunity, as it leads to enhanced ...

Institutions fail to adequately manage social risk

ELIZABETH MCARTHUR  |  TUESDAY, 9 APR 2019
The Actuaries Institute says social condition is as important as financial condition to the success and sustainability of an institution, but Australia's financial institutions are failing to measure this. The Hayne Royal Commission excoriated many ...

NZ Super responds to Australian social media laws

ELIZABETH MCARTHUR  |  MONDAY, 8 APR 2019
NZ Super, which has been active in calling for action on social media companies following the streaming of the Christchurch terror attacks, has responded to new laws passed in Australia. The laws, passed last week, mean that executives of social media ...