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| | | APRA general manager of governance, culture, remuneration and accountability Stuart Bingham said a strong risk culture is essential for effective risk management outcomes. In a speech, delivered at the Financial Services Assurance Forum, Bingham discussed ... |
| | | | Australia's mutual banks, building societies and credit unions (the mutuals) increased in net assets but fell in profitability over FY22. According to KPMG Mutuals Industry Review 2022, net assets jumped 7.8% to $11.2 billion, up from 5.5% growth ... |
| | | | Sovereign wealth funds have continued to extend their investment time horizons in reaction to high levels of volatility, increasing allocations to illiquid private markets, an Invesco Global Sovereign Asset Management study said. The Invesco study ... |
| | | | FS Sustainability is launching the inaugural ESG Power50, a list comprising the 50 most influential ESG professionals working at ASX-listed companies in Australia. For the first time, readers of FS Sustainability along with FS Super - The Journal of ... |
| | | | Dodgy target market determinations (TMDs) have seen ASIC place interim stop orders on two Aussie equities funds from Perpetual. Perpetual cannot offer or distribute the Perpetual Pure Microcap Fund or Perpetual Geared Australian Share Fund for the next ... |
| | | | Chant West says the dire consequences of failing the Your Future, Your Super (YFYS) performance test is outweighing the rewards for passing, causing some funds to make passing the test their primary investment focus. "We are seeing clear evidence of ... |
| | | | HESTA has poured $240 million into founding specialist affordable fund manager Super Housing Partnerships (SHP), to focus on developing a pipeline of Victorian build-to-rent apartment projects. SHP will provide institutional investors with access to ... |
| | | | Following consultation, ASIC has updated naming conventions for exchange-traded products, dividing them into two levels of labelling. The regulator has updated Information Sheet 230 Exchange-traded products: Admission guidelines, splitting naming conventions ... |
| | | | ASIC is taking a fintech to court for providing unlicensed financial advice on crypto-asset products. The regulator commenced civil penalty proceedings in Federal Court against Block Earner, an authorised representative of Flash Partners and AUSTRAC-registered ... |
| | | | Fronting the FPA Professionals Congress, Quality of Advice Review chair Michelle Levy confirmed there will be no big surprises in her final proposals, due December 16. Appearing alongside FPA chief executive Sarah Abood, Levy explained she has been ... |
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