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Showing 381 - 390 of 2380 results for "Finding"

Asset managers dismiss liquidity risks: FCA

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
Too many asset managers are disregarding liquidity risks and are unprepared in the event of mass redemptions, a review by the Financial Conduct Authority (FCA) finds. The UK regulator found that many authorised funds dismiss their liquidity management ...

Openmarkets hit with largest ever MDP penalty

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
Openmarkets Australia has paid a $4.5 million penalty, the largest sanction ever imposed by an ASIC Market Disciplinary Panel, after contravening market integrity rules. An ASIC investigation was triggered by a series of transgressions, most notably ...

Institutions must raise the bar on cybersecurity resilience: APRA

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
... trustees' compliance with CPS 234 Information Security by the end of the year. It has so far assessed 24% of entities, finding several concerning gaps, it said. Firstly, it found varying levels of maturity pertaining to identification and classification ...

MySuper products bounce back: Data

JAMIE WILLIAMSON  |  WEDNESDAY, 5 JUL 2023
... in equities should see MySuper products return an average of about 9% for FY23, according to Rainmaker Information - a finding supported by those funds that already released figures. Modelling by Rainmaker shows superannuation returns are likely to outdo ...

Allegro unveils PwC entity as Scyne Advisory

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
Embattled PwC's Australian public sector advisory business will remerge as Scyne Advisory following its takeover from private equity firm Allegro Funds. Allegro funds confirmed the new business, which it acquired for $1, will be fully independent ...

AUSTRAC drops action after Bell FG audit

CASSANDRA BALDINI  |  FRIDAY, 30 JUN 2023
The regulator confirmed it will not take further action against Bell Financial Group's three subsidiaries following an audit of its financial crime law compliance. Last February, AUSTRAC ordered an external auditor assess Bell Potter Securities ...

Netwealth relaunches Wealth Accelerator

JAMIE WILLIAMSON  |  FRIDAY, 30 JUN 2023
The revamped platform offers a range of new services, including the ability to manage off-platform assets and custodial assets through the one account. Netwealth is relaunching the flagship Wealth Accelerator platform to better service the growing number ...

Super funds embrace offshore investment, internal teams

ANDREW MCKEAN  |  WEDNESDAY, 28 JUN 2023
... superannuation system totals $3.5 trillion, which is 150% of the Australian stock market. As a result, what we're finding across asset classes is the need for global diversification; with this demand driving our recent strategy to expand our global ...

FSCP hands down second order, audits adviser

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2023
The Financial Services and Credit Panel has ordered an audit of a financial adviser who carelessly recommended a client switch superannuation funds. Releasing its second determination since it launched, the FSCP said the unnamed adviser, only referred ...

ALRC to simplify, restructure advice laws

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... Commission's (ALRC) third and final interim report is proposing to restructure and simplify financial advice regulation after finding the industry is regulated very differently to other financial services sectors. Interim Report C wants to simplify ...