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Showing 2821 - 2830 of 28255 results for "NOT"

CSLR kicks off, 2k await compensation

KARREN VERGARA  |  TUESDAY, 2 APR 2024
... stock exchange organisations. The maximum compensation amount is $150,000. One major criticism of the CSLR is that it does not consider managed investment schemes (MIS). It also overlooks litigation funding schemes, time-sharing schemes, issues relating ...

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
... but has since admitted that a "significant proportion" of the securities in the index and fund were from issuers that were not researched or screened against the relevant ESG criteria. According to documents, as at February 2021, some 46% of securities ...

Investment managers embracing AI: Mercer

ANDREW MCKEAN  |  THURSDAY, 28 MAR 2024
According to a report by Mercer, nine out of 10 investment managers are either using or planning to use artificial intelligence (AI) in their investment strategies or asset class research. The report flagged that the question is no longer if but how ...

Financial Conduct Authority cracks down on finfluencers, firms

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
... Finalised guidance on financial promotions on social media sets out that any form of promotion should be fair, clear, and not misleading, and must balance and carry the right risk warnings for consumers to make well-informed financial decisions. The ...

AFCA flags legal uncertainty on SMSF wholesale test

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
... specifically on this point, and this was one such matter." AFCA ultimately found that the complainant was provided general advice and not entitled to compensation. In the determination, the ombudsman "considered whether the general advice had otherwise ...

BlackRock's Fink signals a tough road ahead for future retirees

ANDREW MCKEAN  |  WEDNESDAY, 27 MAR 2024
... more people to live more years. But we can't overlook the massive impact on the country's retirement system," he said. It's not just that more people are retiring in America; it's also that their retirements are increasing in length. This is putting ...

Best super fund products revealed

ANDREW MCKEAN  |  WEDNESDAY, 27 MAR 2024
... are retirement products, and 42 (26%) are personal products. Retail funds accounted for 29% of the AAA products, meanwhile not-for-profit funds constituted the lion's share at 71%, including 85 products from industry funds, 22 from public sector, and ...

Platinum bleeds $1.4bn in outflows

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... fund manager that it intends to rebalance its exposure away from benchmark agnostic global equity managers. "As such, we do not expect the account to close but rather to see a reduction in mandate size," Platinum said. "These events, together with some ...

Jo Townsend named chief executive of NZ Super

ELIZABETH FRY  |  WEDNESDAY, 27 MAR 2024
One of Australia's most experienced superannuation executives will take the helm of New Zealand's sovereign wealth fund, following Matt Whineray's departure late last year. Guardians of NZ Superannuation have appointed Jo Townsend as head ...

QMV Legal folds, managing partner to launch new firm

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... superannuation funds. Novigi chief executive Ash Priest said: "QMV Legal has made a significant impact, however a law offering is not quite a natural fit or aligned to our role as the data and technology partner to the superannuation and wealth sector ...