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Showing 261 - 270 of 2376 results for "Finding"

ANZ hit with $250m capital penalty

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
The Australian Prudential Regulation Authority (APRA) has increased the capital add-on applied to ANZ to $750 million in response to heightened concerns about the bank's non-financial risk management practices. APRA said it has longstanding concerns ...

New bill seeks to block investments involving Cbus

ANDREW MCKEAN  |  THURSDAY, 22 AUG 2024
Liberal senator Andrew Bragg has introduced a bill to stop the Housing Australia Future Fund (HAFF) from investing in housing projects financed by Cbus. The bill would amend the Housing Australia Future Fund Act 2023 to include an additional limitation ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
APRA has imposed additional licence conditions on Cbus and BUSSQ over governance concerns in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring ...

Most Australians proactively retire: Research

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
Two-thirds of Australians with guaranteed income streams are proactively retiring with fewer worries and are doing so to enjoy their twilight years, contrary to popular belief, a new study reveals. Research from Macquarie University's School of ...

Advisers encouraged to engage with clients' kids

ELIZA BAVIN  |  MONDAY, 29 JUL 2024
... around homeownership is a justifiable concern for younger Australians. "Building the financial confidence of retirees and finding better ways to unlock home equity would also empower more older Australians to support their kids," O'Malley said. "While ...

ANZ staff axed over treasury bond scandal

ELIZA BAVIN  |  THURSDAY, 25 JUL 2024
ANZ has provided an update on its investigations into its Australian Markets business in relation to a 2023 bond transaction. ANZ chief executive Shayne Elliott said the bank had been working with the Australian Securities and Investments Commission ...

ETFs trump active managed funds in core portfolios

KARREN VERGARA  |  THURSDAY, 11 JUL 2024
Financial advisers are helping drive the shift to passive funds as they choose exchange-traded funds (ETFs) over active, unlisted managed funds as a core building block in clients' portfolios. According to Investment Trends head of research Irene Guiamatsia ...

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
... the distribution of one of its products being consistent with its target market determination (TMD). It marks the first finding by a court of a contravention of these provisions. Between October 2021 and September 2022, Firstmac used a 'cross-selling ...

Inflation pummels adviser pay by 20%

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2024
... didn't need to lose, we didn't want to lose, and their clients are trying to find new advice relationships and finding that hard, so the loss of that experience has been really problematic," FAAA chief executive Sarah Abood said recently. Braithwaite ...

Regulation, profitability top adviser worries: BT

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... going backwards," said Empire Financial Group managing director Raymond Pecotic. The third area of concern revolves around finding and retaining staff, according to 24% of participants. Nearly half (45%) want to hire more support roles and about a third ...