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Showing 421 - 430 of 1610 results for "Prudent"

Westpac discovers additional transaction irregularities

ALLY SELBY  |  TUESDAY, 28 JUL 2020
Westpac's money laundering woes continue to worsen, with the bank today announcing it has uncovered hundreds of thousands of additional transactions of $10,000 or more that are "incomplete or inaccurate" to AUSTRAC. After further investigation, the ...

US considers restricting ESG in pensions

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JUL 2020
... ESG factors, or that it arguably promotes positive general market trends or industry growth, that the investment is a prudent choice for retirement or other investors." Now, the DOL proposes that under ERISA fiduciaries must always put the economic interests ...

Banks brace for major loan losses

ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
Three of the United States' biggest banks have set aside approximately $40 billion (US$28 billion) to brace for COVID-19 related loan losses, as Wells Fargo posts its first quarterly loss since the Global Financial Crisis. Citigroup saw its net income ...

Banks throw Australians a second lifeline

ALLY SELBY  |  THURSDAY, 9 JUL 2020
Australia's banks will defer repayments on loans for an additional four months, in a bid to avoid a 'fiscal cliff' in September and aid in the country's economic recovery. Those who can restart paying back their loans will be required to do so at the ...

AMP closes ethical option to super members

ELIZABETH MCARTHUR  |  MONDAY, 6 JUL 2020
... investors," a spokesperson for AMP Capital said. A spokesperson for AMP said the close of the option to new members is: "Prudent as asset allocations in the fund are managed amid the current market volatility." They added that the decision will be reviewed ...

Future Fund appoints acting investment chief

KANIKA SOOD  |  MONDAY, 29 JUN 2020
... Arndt said in a statement. "As acting chief investment officer, Sue will continue to implement the organisation's prudent long-term investment strategy, working with the deputy chief investment officers to lead the investment team and the management ...

Super funds face fresh data requirements

ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
The prudential regulator will request additional data from the country's super funds, in a bid to understand the full impact of the COVID-19 pandemic on the industry. The COVID-19 Pandemic Data Collection (PDC) will enable the regulator to conduct an ...

Dividend yield set to dial down to zero

ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
... sort of capital impost, or elevating their gearing. "In April we had APRA writing to the banks and insurers requesting a prudent reduction in dividends and a materially reduced level of returns to shareholders over the coming months." Mawhinney previously ...

FIIG calls for taxation, regulatory overhaul

ELIZA BAVIN  |  FRIDAY, 19 JUN 2020
... which requires advisers act in the 'best interests of the client' which by extension, it said, should include a prudent approach to asset allocation to cover each of the core asset classes. FIIG suggested best practice asset allocation should ...

APRA hands reins to ASIC in AUSTRAC case

ALLY SELBY  |  THURSDAY, 18 JUN 2020
APRA has delegated some of its enforcement powers to the corporate watchdog, as the two agencies continue their investigations into AUSTRAC's allegations against Westpac. To limit any overlap, the prudential regulator will hand over responsibilities ...