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Showing 11 - 20 of 4601 results for "REST"

Jo Townsend named chief executive of NZ Super

ELIZABETH FRY  |  WEDNESDAY, 27 MAR 2024
... the investment management sector, managing fixed-interest portfolios. Before heading up Funds SA, she held various roles at REST Super, including as general manager of investments and acting chief operating officer. Earlier in her career, she held investment ...

Bitcoin investing is on the rise, but more regulation is needed

ELIZA BAVIN  |  WEDNESDAY, 27 MAR 2024
... of industry participants, is regarding the full recovery of assets at FTX Japan three months after the collapse, while the rest of the world has been in the bankruptcy queue for over 15 months. Greater participation and support from deposit taking institutions ...

Wholesale investor tests up for parliamentary review

KARREN VERGARA  |  MONDAY, 25 MAR 2024
The federal government wants to shake up the wholesale investor tests further in launching a parliamentary inquiry into the entire framework, worrying many fund managers operating in the high-net-worth space. The Parliamentary Joint Committee on Corporations ...

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 ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... complex financial products, shareholder class actions, and data breaches. On 22 December 2023, a class action was filed against Rest alleging it signed new members up for income protection cover by default. A couple of days earlier a class action was ...

Policymakers face significant challenge in regulating AI

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
Innovations in artificial intelligence (AI) are quickly expanding, posing a challenge to policymakers attempting to regulate the area. According to Kevin Hebner, managing director, global investment strategist with Epoch Investment Partners, those charged ...

GQG builds private markets unit on PAC stakes

KARREN VERGARA  |  MONDAY, 18 MAR 2024
GQG Partners is launching a private markets business by acquiring Pacific Current Group's stakes in three fund managers operating in the asset class for US$71.25 million ($108.7bn). The foundations of GQG Private Capital Solutions (PCS) will comprise ...

ATO refers SMSF auditors to ASIC

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
Fifteen self-managed super fund (SMSF) auditors have been reprimanded for performing in-house audits. The Australian Taxation Office (ATO) referred 15 SMSF auditors to ASIC following a review of files from audit firms. ASIC said it had concerns that ...

Hostplus rejects anti-competitive behaviour claims

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... Employment Hero does not have appropriate AFSL arrangements despite knowing that it does. In its response to the consultation, Rest also called for a ban on commercial arrangements for advertising during the onboarding process. However, Rest said it ...

Government consults on options to improve performance test

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
The government is seeking feedback on alternative superannuation performance test designs after criticism about unintended investment consequences. In considering potential reform options, the primary focus is on improving member outcomes through an ...