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| | | Local experts are observing a growing investment opportunity in Australian advice platforms that may not be as apparent for global investors, but since the sector is currently at its "infancy", many can capitalise on buying low and selling high. Speaking ... |
| | | | ... for Australia and New Zealand, Daniel Cheever, says the shift is industry wide. "Five years ago, super funds looked for basic custody and settlement," he says. "Now, we need to act as an extension of their operations - scaling with them, supporting mergers ... |
| | | | ... deductions and unusual fees and investment patterns. ASIC commissioner Simon Constant said: "Some trustees failed to establish basic protections, like looking into an advice licensee's business model before they are onboarded. This is a clear breach ... |
| | | | Superannuation funds are apathetic, dismissive and continue to fail members at the most basic service level, a new investigation from Super Consumers Australia (SCA) reveals, which slapped the industry with an overall failing grade on customer satisfaction. ... |
| | | | ... service licence (AFSL). Swyftx was the latest to join the lineup, which allowed the exchange to handle retail derivatives, basic deposit products and NCP facility authorisations. Coinbase and OKX currently hold a similar AFSL. Further, ASIC has announced ... |
| | | | ... volume growth," Constant said. "Despite being well aware of the dangers of poor oversight some trustees failed to establish basic protections, like looking into an advice licensee's business model before they are onboarded. This is a clear breach of ... |
| | | | ... relation to the management of conflicts, very seriously." ASIC alleges this was not the case and funds were transferred without basic safeguards, including proper security, valuations, oversight or management of conflicts. The directors used members' ... |
| | | | ... employees of life insurer Acenda to reject an offered enterprise agreement that would see themselves "paid less, stripped of basic leave entitlements and given watered-down redundancy clauses." The FSU said the offer follows the axing of 280 jobs at ... |
| | | | ... needed. Late last year, ASIC's deep dive in the sector found fund managers downplay the risks of their products and flout basic disclosures of the state of their investments. It said while some are doing the right things by investors, many are not doing ... |
| | | | ... some demonstrated no urgency in responding at all. "We're particularly concerned that some trustees have not actioned basic process improvements and continue exposing grieving beneficiaries to harm at times of heightened emotional and financial distress," ... |
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