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Showing 21 - 30 of 11642 results for %22Risk%22

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... entities to have to go to the significant expense, as well as the investment of time, to prove they have no material climate risk," CA ANZ reporting and assurance leader Amir Ghandar said. "What's the point of subjecting Group 3 firms to such costs when ...

ASIC cancels AFSL of JB Markets

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... with financial services laws," ASIC said. "The requirements provide important consumer protections in seeking to reduce the risk of a disorderly wind-up, in the event the business fails." JB Markets had held its AFSL since 8 July 2008. The licence authorised ...

Australia's budget position ranks second among G20 nations

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
Australia's budget balance as a share of gross domestic product (GDP) was second among G20 nations last year, improving from 14th in 2021, according to the International Monetary Fund (IMF). Australia's budget balance was -0.9% of GDP in 2023, surpassing ...

TCorp promotes three to lead roles

ELIZABETH FRY  |  FRIDAY, 19 APR 2024
... Roberts and Yvonne Blunt have been appointed co-heads and are tasked with supporting clients in managing debt and financial risk. Both Roberts and Blunt bring a background in relationship and account management, having held senior positions in marquee ...

Vanguard backs current performance test

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
... needs to be simple for super funds to explain and simple for APRA to administer. Introducing additional complexity such as risk-adjusted or absolute measures is unlikely to enhance the benchmarking approach," Dix said. She also noted the importance of ...

Sequoia chair steps down

KARREN VERGARA  |  FRIDAY, 19 APR 2024
... information technology. Sweeney has been a Sequoia non-executive director since 1 March 2019. He is currently the chair of the risk and compliance committee and a member of the audit committee. Separately, Tim McGowen recently slapped a defence and counterclaim ...

AMP North adviser inflows rise 22%

ANDREW MCKEAN  |  THURSDAY, 18 APR 2024
AMP North inflows from independent financial advisers (IFAs) increased 22% as its platforms business' assets under management (AUM) increased to $74.3 billion. In a quarterly business update, AMP reported that net cash inflows to platforms increased ...

Praemium loses $700m due to adviser transitions

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
... the quarter. "This was a significant retreat from the elevated $334 million in net outflows of the previous quarter. The risk remains that a small number of key advisers who have moved advice groups will transition their clients to a non-Powerwrap solution," ...

Mine Super cuts fees, updates investment options

ANDREW MCKEAN  |  WEDNESDAY, 17 APR 2024
... defensive option and moderate option. Both will also be offered to pension members. The defensive option has a "medium level of risk" and includes assets like cash and fixed income. It also has some growth assets like shares and property. Over a 20-year ...

Powell backflips on rates pushing back RBA cut expectations

ELIZA BAVIN  |  WEDNESDAY, 17 APR 2024
... Australian economy has shown "almost relentless resilience", but the threat of inflation shocks is not out of view. "The risk of economic 'breaks' are heightened in this environment and the, sometimes delayed, knock-on effects from geopolitical tensions ...