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Showing 371 - 380 of 3796 results for "APPEA"

Life insurers struggle with code compliance

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
Life insurers continue to breach their own compliance code with more than 12,000 instances recorded, yet the body overseeing their conduct fears this is likely under-reported. The Life Code Compliance Committee (LCCC) saw another increase in the number ...

James Mawhinney arrested as Mayfair 101 saga rolls on

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2024
Mayfair 101's James Mawhinney was arrested yesterday and charged with engaging in dishonest conduct for allegedly claiming IPO Wealth Group owned companies that it did not. Mawhinney has been in a years-long battle with ASIC now, with the regulator ...

Foreign investors optimistic about Australia

ELIZA BAVIN  |  WEDNESDAY, 10 APR 2024
Foreign investors are feeling particularly optimistic about Australia, according to Kearney's Global Business Policy Council's 2024 Foreign Direct Investment Confidence Index (FDICI). The survey, which reflects investor sentiment regarding foreign direct ...

IMF flags concerns over 'risky' private credit market

ELIZA BAVIN  |  TUESDAY, 9 APR 2024
The International Monetary Find (IMF) has raised concerns over the growing private credit market, which topped US$2.1 trillion in assets and committed capital globally last year. The private credit market, which specialises in non-bank financial institutions ...

Non-compete clauses come under the microscope

ELIZA BAVIN  |  MONDAY, 8 APR 2024
Treasury has released a new consultation paper, Non-competes and other restraints: understanding the impacts on jobs, business and productivity, finding that these restrictions could have a "chilling effect" on the workforce. "The impacts of non-compete ...

Former adviser slapped with 12 charges

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
A former financial adviser has been charged with 12 counts of dishonest conduct for falsifying clients' documents to access their superannuation accounts. The Downing Centre Local Court yesterday slapped the charges on David Mario Valvo while running ...

Court rejects Provide Capital's 'illogical' application

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
The federal court has rejected Provide Capital's "illogical" application to prevent ASIC conducting further investigation into the firm. Justice Rofe dismissed Provide Capital's application that alleged ASIC did not have the state of mind required ...

Wealth firm gears up to change administrator

ANDREW MCKEAN  |  TUESDAY, 2 APR 2024
Acclaim Wealth is preparing to conduct a data migration for its AMG Super Personal Pension Division next week, involving approximately 6000 members with funds under management of $1.6 billion. The migration will move these members from an old FNZ technology ...

BlackRock faces 'stiff competition' from APAC asset managers

ANDREW MCKEAN  |  TUESDAY, 2 APR 2024
BlackRock has maintained its position as the best brand among asset managers in the US and APAC, though subtle shifts are signalling change, according to the latest Broadridge Fund Brand 50 report. Incorporating insights from 1200 fund selectors and ...

Threats outside the Australian financial system build: RBA

ANDREW MCKEAN  |  TUESDAY, 26 MAR 2024
The Reserve Bank of Australia's (RBA's) latest Financial Stability Assessment has said that although risks to global economy have been balanced as inflation has eased, risks to financial stability remain. The Assessment said there is a possibility ...