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Showing 11 - 20 of 293 results for %22Business Performance Review%22

Wage increases to offset more rate hikes: Experts

CASSANDRA BALDINI  |  FRIDAY, 2 JUN 2023
... avoid entrenching high inflation expectations by taking a perceived wage indexation approach and also the recent weak performance in productivity growth." The decision came in under the forecasted 7%, however will still add pressure to the current environment. ...

Jones calls for taxonomy to clarify greenwashing

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 MAY 2023
... additional $4.3 million in the next financial year to assist ASIC to continue its existing focus on greenwashing. "Sustainable business strategy has to start in boardrooms and in investment decisions, and not in the marketing department," Jones said. ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023
... Modern Slavery Act The 2020 introduction of the Modern Slavery Act in Australia was a galvanising event for Australian business. "In the Australian context, we didn't see much progress until there was a legislative driver, and that legislative driver ...

APRA preserves life insurance prudential standards

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... in the new year. Both regulators will review how trustees have implemented the Retirement Income Covenant within their business strategies and operations, for the benefit of members, and to ensure trustees take steps to address deficiencies when they ...

ClearView offloads managed investments unit

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... ClearView will solely focus its efforts on life insurance after flagging that it found a buyer for its managed investments business as it also continues to review the future of its superannuation fund. Human Financial, an investment management and technology ...

ASIC cracks down on CHESS issues

KARREN VERGARA  |  WEDNESDAY, 22 FEB 2023
... ultimately affect the settlement process. Accenture also found issues with batch settlements, warning that this affects core business functionality, requiring "potentially invasive manual fixes" in case of failures. The bourse flagged the replacement ...

abrdn terminates funds amid transition

JAMIE WILLIAMSON  |  MONDAY, 20 FEB 2023
abrdn is terminating five funds as part of the consolidation of the local business, key to which is its recent partnership with SG Hiscock. The fund manager has confirmed it will terminate a raft of funds on or around March 15, including some of its ...

APRA outlines 2023 super priorities

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
... holding trustees to account to improve member outcomes and address deficiencies. "Strong governance practices along with business planning and performance monitoring disciplines are essential to provide durable superannuation product offers that benefit ...

ASIC bans Gold Coast businessman

CASSANDRA BALDINI  |  TUESDAY, 31 JAN 2023
ASIC has banned a Gold Coast director from providing financial services for four years after discovering his business leased an algorithmic trading program and operated without a licence. Gregory William Finerty, the sole director of Bradford AI, has ...

APRA slaps conditions on Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 JAN 2023
... adequacy of Diversa's resources to manage risks and meet regulatory and compliance obligations; heightened inherent business risks driven by the complex structure and operations of Diversa; and concerns related to Diversa's ability to deliver ...