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Showing 381 - 390 of 4502 results for "Case"

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
Many superannuation trustees have been told they must improve their valuation governance practices, with APRA finding just 11 have dedicated valuation committees while others involve staff members whose remuneration is tied to asset values in the process. ...

FSCP reprimands two advisers for sloppy tax advice

KARREN VERGARA  |  MONDAY, 16 DEC 2024
... Finally, under section 921E(3), the adviser did not demonstrate the value of diligence under the Code of Ethics. In another case, "Mr. W" two years ago recommended a client make a tax-deductible contribution to superannuation to reduce the tax liability ...

Hostplus' AFCA complaint response times lag

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
Hostplus published its inaugural Service Standards Report, aimed at improving transparency and accountability, with hopes other funds will follow suit. Hostplus chief executive David Elia said the report provides a comprehensive view of the volume ...

TPG co-founder David Bonderman dies

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2024
David Bonderman, the co-founder of global alternatives investor TPG, passed away this week. Bonderman, affectionately known as 'Bondo' to many, was also founder of Wildcat Capital Management, the Bonderman family office, and owner of National Hockey ...

Crypto operator to fork out millions after court ruling

ANDREW MCKEAN  |  FRIDAY, 13 DEC 2024
... "properly designed and marketed to the right consumers." A Kraken spokesperson said it was "disappointed with the outcome of this case." "... we believe this case highlights the urgent need for bespoke crypto legislation to address the shortcomings that ...

QIC backs analytics platform with $2m investment

MATTHEW WAI  |  FRIDAY, 13 DEC 2024
... real problems that are important to their customers," Capell said. "We've seen that dating back to 1999 in Simon and Kate's case with Our Community, and bringing Peter on board with ThinkTilt in 2018, where QIC Ventures first invested in the group. "We're ...

Unemployment drops below 4%

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
... an interest rate cut early next year. "A spike in the unemployment rate would be a red flag for the RBA and strengthen the case for an earlier rate cut. However, the data released today shows the unemployment rate for November has decreased by 20 basis ...

RBA 'paves way' for February rate cut

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2024
... target band sustainability, it will commence the process of removing some of that restrictiveness," Aird said. "Our base case remains for the RBA to commence an easing cycle in February 2025. And we look for 100bp of easing over 2025 that would take ...

AFCA completes independent review of operations

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
... identification and investigation of systemic issues; transforming the systemic issues and funding models; developing a new case management system and customer portals; undertaking independent audits of decision-making and complaints handling; updated ...

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
... financial advisers that would have been banned in a MySuper option. In December 2020, the Supreme Court of Victoria ruled the case invalid saying prospective losses are not considered a loss under s 55(3) of the SIS Act. The case was then moved to the ...