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Showing 271 - 280 of 2994 results for "Problem"

CEFC backs agriculture investment platform

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 JUN 2023
... impact of climate change on the agriculture sector and its critical role in food and fibre production is an important problem to tackle in a world that needs to rapidly decarbonise and address broader nature positive outcomes," Sung said. The CEFC is ...

Allianz Retire+ makes key appointments

ANDREW MCKEAN  |  MONDAY, 19 JUN 2023
... Ltd, and she's also served as regional managing director for Colonial First State Global Asset Management. "The universal problem for Australians preparing for and during retirement is the fear of running out of money," she said. "I'm deeply committed ...

Property market peril to continue: Quay Global Investors

CASSANDRA BALDINI  |  FRIDAY, 16 JUN 2023
... to $4,289 million and the portfolio average cap rate has expanded 29bps from 5.28% to 5.57%." Bedingfield explained the problem with fund managers, like Charter Hall, is they earn fees on assets but if the assets drop issues arise. "That's the business ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... advice has become heavily regulated over this time period," he said. "These reforms often targeted a specific part of the problem. Conflicts of interest. Poorly qualified advisers. And a culture of salesmanship instead of a fiduciary relationship. We ...

Heatmaps drive efficiencies, more consolidation: Cole

CHLOE WALKER  |  FRIDAY, 2 JUN 2023
Speaking at a standing committee this morning, deputy chair Margaret Cole noted that the heatmaps and performance tests have created a more efficient and transparent superannuation system that will ultimately drive more consolidation. While that might ...

TPB grilled over handling of PwC scandal

JAMIE WILLIAMSON  |  THURSDAY, 1 JUN 2023
Fronting a Senate Estimates hearing, the Tax Practitioners Board (TPB) said it has no plans to suspend PwC, nor has it formally considered whether the consultant breached legislative requirements to act honestly and with integrity. Appearing in Canberra ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
... it self-reported to regulators, saying it was a "technical breach". The fund said it then took measures to address the problem, including issuing a new PDS and new member guide and costs fact sheet in March this year. It also reviewed its processes to ...

No regrets: Hayne reflects on Royal Commission

KARREN VERGARA  |  TUESDAY, 30 MAY 2023
Nearly six years since the landmark Royal Commission, former High Court justice Kenneth Hayne stands by his recommendations that upended the banking and financial services sectors. Making a rare appearance at the International Congress of Actuaries ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... review, the firm identified only a small number of impacted members and developed strategies to prevent recurrence of the problem. The AFCA report also highlighted issues in the investment and financial advice sectors, particularly concerning breaches ...

FAAA sounds alarm on no-consultation super reform

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
The Financial Advice Association Australia (FAAA) has criticised Treasury for neglecting to consult on draft Superannuation Performance Test reforms. FAAA chief executive Sarah Abood voiced concerns regarding the proposal and process of the Performance ...