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| | | ... scrutiny of fund-level expenditure to hold RSE licensees accountable for improving practices, reducing spending that is deemed not in members' best financial interests and promoting the financial interests of their members." APRA's work will ... |
| | | | ... contributions to multiple super funds through a single transaction. Recent research cited by CFS found 62% of small businesses that do not currently pay super on payday expect the reforms to increase administrative effort, while more than a quarter remain ... |
| | | | The Australian Financial Complaints Authority (AFCA) has appointed Paul Woodburn as its new lead ombudsman superannuation, succeeding Heather Gray, who had served as lead ombudsman superannuation since 2020. Woodburn commenced in the role on May 25 ... |
| | | | ... have been initiated digitally. The median time to lodge a claim online has reduced to five business days. TAL, however, did not confirm how long it now takes AustralianSuper to payout claims in time for the article. |
| | | | ... industry," he said. AMP group executive of platforms Edwina Maloney said there is also a mistaken view among regulators that you do not need a lot of options for the same assets on a platform. "We need to educate the regulators around what that choice ... |
| | | | Janus Henderson is expanding its private credit offering across Europe, the Middle East and Africa (EMEA), making two specialist strategies from recently acquired Victory Park available to regional investors. The move follows Janus Henderson's acquisition ... |
| | | | ... later services. "As the pace of chang accelerates, industry and regulators will need to work together to ensure that Australia not only keeps up but stays ahead," Longo said. The report forms part of ASIC's broader push to support responsible innovation ... |
| | | | ... continued collection or enforcement activity when it "should have stopped". "In some cases, quality assurance processes did not identify where staff were not following the organisation's own policies," AFCA said. "A number of the matters involved consumers ... |
| | | | ... conducted by the Stockbrokers and Investment Advisers Association (SIAA), Praemium and CoreData reveals financial advice has not kept up with the HNW population's booming wealth. It is ultimately widening the gap between demand and access, alongside ... |
| | | | ... Lockhart contends the current rhetoric is designed to create fear among investors against the asset class. "The asset class is not homogeneous," Lockhart says. "This idea that all private credit, all private credit managers, all risks and returns are ... |
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