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Showing 271 - 280 of 1549 results for "Competition"

Bond scam defrauds SMSFs $2.8m

KARREN VERGARA  |  MONDAY, 15 NOV 2021
... obtaining financial benefit by deception and 13 counts of reckless dealing with proceeds of crime. The Australian Competition and Consumer Commission found that Australians have lost over $70 million to investment scams in the first half of 2021. This ...

Crypto regulation proposed: Bragg

ANNABELLE DICKSON  |  THURSDAY, 21 OCT 2021
... framework for digital assets and crypto-asset businesses to protect consumers, promote investment in Australia and deliver competition, but the industry has concerns. The Select Committee on Australia as a Technology and Financial Centre, chaired by ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
... Super (0.81%), Rest (0.89%) and EISS Super (0.89%). The fee cuts follow years of regulatory scrutiny and increased competition, with Rainmaker Information executive director of research Alex Dunnin saying driving fees down is the retail sector's ...

Resolution Capital adds infrastructure fund

JAMIE WILLIAMSON  |  TUESDAY, 5 OCT 2021
... telecommunications infrastructure. The underlying physical assets of the securities within the portfolio have high barriers to competition, require significant capital investment and typically generate long-dated, predictable cashflows, de Vos said. ...

Retirement Income Covenant closer to materialising

KARREN VERGARA  |  TUESDAY, 28 SEP 2021
... Retirement Income Covenant gives retirees the confidence to spend their superannuation savings, while enabling choice and competition in the retirement phase of superannuation. "The Retirement Income Covenant will support retirees to have the confidence ...

Conflicts of interest risk in funds management still high: ASIC

ANNABELLE DICKSON  |  FRIDAY, 24 SEP 2021
... found that while the managed funds industry is competitive, retail investors may not receive the full benefits of competition. Report 702: Competition in funds management acknowledged the significant number of intermediaries in the industry and said ...

BlackRock warns against reforms based on assumptions

JAMIE WILLIAMSON  |  TUESDAY, 21 SEP 2021
... increased ticket prices between 2001 and 2014, BlackRock said the theory of common ownership leading to decreased competition "is based on fundamental misconceptions about the role of fund managers as shareholders on behalf of diverse clients with diverse ...

Hostplus grilled on common ownership, collusion

KARREN VERGARA  |  MONDAY, 20 SEP 2021
... asset, but it's not being revealed [and] who the investor is," Wilson said. After discussions with the Australian Competition and Consumer Commission at a separate hearing recently, Wilson said many issues were raised such as "the veil of corporate ...

Super funds to front committee hearing

JAMIE WILLIAMSON  |  FRIDAY, 17 SEP 2021
... real-world impacts of how the sector's control of $760 billion in Australian citizens' retirement savings impacts competition within the Australian market." He said regulators have questioned the consequences of common ownership, "and academics ...

PNG regulator denies Westpac Pacific sale

ANNABELLE DICKSON  |  TUESDAY, 14 SEP 2021
Papua New Guinea's consumer regulator, the Independent Consumer and Competition Commission (ICCC), has denied Westpac's sale of its Pacific business to Kina Securities. Kina Securities was set to pay $420 million for Westpac Fiji and 89.91% of Westpac ...