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Showing 381 - 390 of 1941 results for "SAFE"

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... advice industry. The removal of Fee Disclosure Statements, rationalisation of fee consent, eradicating the Best Interests Duty Safe Harbour steps, were quick wins for the Financial Advice Association of Australia (FAAA). "These phase one responses show ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... chair Michelle Levy's recommendations either fully or in principle. Eliminating many bugbears for financial advisers, the Safe Harbour Steps will be removed from the Best Interest Duty. Consultations remain so as to determine the implementation details ...

Treasury mandates APRA consider climate risks in duties

RACHEL ALEMBAKIS  |  FRIDAY, 9 JUN 2023
... regulator is responsive to changing economic conditions," Chalmers said. "The statement focuses on APRA's role in ensuring a safe, resilient and competitive financial system." In the statement, Treasury said the government expects APRA to "promote ...

Perth-based Ponzi scheme shut down by court

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
A Perth woman has been permanently banned from running a financial services business, while the $11 million illegal investment scheme she ran will be wound up. Monica Kaur, through her business MKS Property Investments/Developments, encouraged around ...

Super fund ESG options underweight BHP, overweight CSL

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
Super fund ESG options on average have "sharply reduced" exposure to BHP, Woodside Energy and Transurban while being overweight CSL, Telstra and ResMed, according to Rainmaker Information. Rainmaker Information has released its most recent Rainmaker ...

Coinbase sued as US crackdown continues

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
The Securities and Exchange Commission (SEC) filed a suit against Coinbase for, among other things, allowing users to trade unregistered securities. It follows Binance being sued just yesterday. The SEC has accused Coinbase of breaking market rules ...

Ignition Advice appoints Sally Loane as chair

CASSANDRA BALDINI  |  WEDNESDAY, 7 JUN 2023
The former Financial Services Council (FSC) chief executive succeeds Peter Meurer who is stepping down from the role after eight years. Loane is an experienced chair, non-executive director, and business leader. Aside from her tenure with the FSC between ...

SEC sues Binance, chief executive

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2023
... engagement - a path the SEC has abandoned. "All user assets on Binance and Binance affiliate platforms, including Binance.US, are safe and secure, and we will vigorously defend against any allegations to the contrary. Rather, the SEC's actions here appear ...

AI in ESG: Risk or opportunity?

ROSE MARY PETRASS  |  MONDAY, 5 JUN 2023
The artificial intelligence (AI) revolution is already rapidly disrupting various industries, speeding up processes and making fast work of huge amounts of data, and investors and businesses need to analyse the material ESG risks and opportunities of ...

Nanuk launches currency hedged unit class

ANDREW MCKEAN  |  WEDNESDAY, 31 MAY 2023
Nanuk Asset Management has added a currency hedged unit class to the Nanuk New World Fund to provide a safety net against the impact of currency fluctuations on investment returns. Nanuk head of distribution Dan Powell said: "Over the past 12 months ...