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Showing 2851 - 2860 of 28255 results for "NOT"

ACNC tightens screws on NFPs with complex corporate structures

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
The Australian Charities and Not-for-profits Commission (ACNC) announced it will focus on the misuse of complex corporate structures this year. ACNC commissioner Sue Woodward said the commission is "becoming increasingly concerned about the misuse of ...

Luxury fashion house sued over Birkin bag sales

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
... bag that retailed for US$2 million in 2012; even pre-owned Birkins can sell for tens of thousands of dollars. The bags are not able to be bought online and are not displayed in Hermes stores for the general public. The lawsuit alleges "only those deemed ...

ASIC bans director who promised 150% returns

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... ASIC said he held out that Panacea Capital was authorised under an Australian Financial Services Licence (AFSL) when this was not the case. ASIC found Creigh provided fact sheets to investors to induce them to invest in the Crypto Fund, which gave the ...

Two more executives leave Morningstar

ELIZABETH FRY  |  THURSDAY, 21 MAR 2024
Morningstar has confirmed the departure of two longstanding executives from the manager research side of the business - Tim Wong and Justin Walsh. It is understood that Wong - who oversaw fixed income strategies - is set to join former colleague Tim ...

Institutional investors shift gears amid 'new market regime'

ANDREW MCKEAN  |  THURSDAY, 21 MAR 2024
Nuveen's latest global institutional investor survey shows that investors are adjusting risk management and asset allocation strategies due to geopolitical tensions, higher rates, market volatility, and upcoming elections, with three themes dominating ...

UK advisers told to review retirement advice processes

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
... asked to examine their processes when providing retirement income advice, following a thematic review that found some "are not even getting the basics right." The Financial Conduct Authority (FCA) undertook the review to better understand how the retirement ...

US Federal Reserve eyes multiple interest rate cuts this year

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... Fed that wants to reduce interest rates," Principal Asset Management chief global strategist Seema Shah said. "The Fed did not make any announcements with regards the balance sheet but noted that they will likely begin to slow quantitative tightening ...

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... (ASIC) commissioner Alan Kirkland has admitted the regulator can't fight every battle of misconduct, but that doesn't mean it's not watching. Speaking at the Blockchain APAC Policy Week event, Kirkland said ASIC can only regulate crypto assets and businesses ...

Listed companies drive economy's momentum: ABDO

KARREN VERGARA  |  THURSDAY, 21 MAR 2024
... of them being glaringly better than the others, why tie yourself in knots trying to pick one you're going to back? Why not just buy all three of them? So, that's what we've done." This is to avoid idiosyncratic risk. Looking at the one-year ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... horizon as an emerging area of risk. At present, the position of most digital asset platforms is that cryptocurrency is a not a financial product and that issuers do not provide a financial service," the law firm said. "However, with a proposed regulatory ...