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Showing 421 - 430 of 3008 results for "Problem"

Consultation opens for CCIV draft bill

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
The long-awaited Corporate Collective Investment Vehicle regime draft regulation has been released, with consultation to be held until 21 January 2022. Rules for financial reporting, record-keeping, and custody of CCIV assets are some of the measures ...

Firetrail Investments launches global equity fund

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... technology. "The fund targets investors wanting to invest sustainably while not sacrificing outperformance," Gray said. The problem with traditional approaches to sustainable investing is they are backwards looking, he added. "Companies that have already ...

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
The Financial Services Council released two new standards, one of which helps members abide by the newly mandated advice fee consent requirements. FSC members will need to comply with FSC Guidance Note No. 43 from 1 January 2022, which was constructed ...

Sustainability will send some broke: Research

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
Efforts to become more sustainable will challenge many firms and perhaps even bankrupt some, experts from MFS Investment Management have noted. In a new research note, MFS global investment strategist Robert Almeida and research analyst Robert Wilson ...

Labor pledges calm in superannuation

KARREN VERGARA  |  WEDNESDAY, 15 DEC 2021
... agree on the exact figure. The ATO calculates $3.5 billion while ISA believes the figure to be $5 billion. "It's a big problem, whether it's $3 billion or $5 billion. It's a huge amount of money that isn't going towards workers retirement ...

Economic recap: Week to December 10

BENJAMIN ONG  |  MONDAY, 13 DEC 2021
As it was in 2020, so it is in 2021. Yes Virginia, I don't believe it too until... I re-read my first scribbles on this site at the beginning of 2021. On January 12 this year, I wrote: "Fiscal and monetary authorities prompt and aggressive counter-cycle ...

AAT downgrades adviser banning

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
A former financial adviser who copped an eight-year ban early this year will now serve a shorter banning order. The Administrative Appeals Tribunal reduced Lisa Lee's banning to six years. Her appeal to the AAT heard that she "accepted that what she ...

Proposed reforms could simplify advice

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
Fresh proposals from the Australian Law Reform Commission aim to simplify several complex areas of financial advice legislation. The ALRC is proposing sweeping changes to financial services law, including changes that affect the advice industry, tabled ...

Economic recap: Week to November 26

BENJAMIN ONG  |  MONDAY, 29 NOV 2021
Out of (South) Africa Just when citizens of Planet Earth were beginning to enjoy their new-found freedom - through herd immunity, increased vaccinations and/or learning to live with Delta - comes a new kid in town. And it's name is Omicron. The discovery ...

Super funds failing three-day transfer requirement

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
... find that out, we've had to battle to get answers." Kitto said identification requirements seem to be part of the problem, with some funds slow to ask for the required ID verification initially. He has also observed funds being slow to confirm banking ...