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Showing 451 - 460 of 5900 results for "March 31"

Performance test covers managed accounts, SMAs: APRA

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
The prudential regulator is reminding trustees that managed accounts and separately managed accounts (SMAs) are high on its radar when administering the performance test. APRA told trustees that SMAs and other managed accounts can fall into the TDPs ...

Advice reforms draft laws consultation opens

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
Draft regulation of the first tranche of the Delivering Better Financial Outcomes reform package is now up for consultation. Treasury Laws Amendment (Delivering Better Financial Outcomes) Regulations 2024 has five sections that aim to make access to ...

Keybridge Capital cops another loss against WAM

ELIZA BAVIN  |  FRIDAY, 7 JUN 2024
The Federal Court has denied Keybridge Capital's appeal against Wilson Asset Management (WAM) and ordered them to pay costs in a court battle that has been dragging out for four years. In June 2020, Keybridge launched legal proceedings against WAM alleging ...

Active Super found guilty of greenwashing

ANDREW MCKEAN  |  THURSDAY, 6 JUN 2024
Active Super has been found guilty of misleading the public with false claims about its environmental, social, and governance (ESG) credentials. The profit-to-member fund, which is set to merge with Vision Super in March 2025, made claims on its website ...

Sequoia chief learns his fate at EGM

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
Sequoia Financial Group held an extraordinary general meeting (EGM) this week to consider a resolution to remove chief executive and managing director Garry Crole. Shareholders voted against removing Crole, securing 59.95% of the votes, with 40.05% ...

Recession signs: Economic growth has 'ground to a halt'

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
While the 0.1% increase in quarterly GDP was in line with experts' expectations, it still paints a dire picture for Australia's economic path. Annual GDP growth has fallen to just 1.1%, the slowest rate of annual growth in GDP in more than three ...

Block Earner dodges massive fine

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2024
The Federal Court has absolved Block Earner from paying a penalty for trading without a financial services licence, which ASIC believes should have been $350,000. While Judge Jackman determined that while Block Earner, which invested in cryptocurrency ...

HESTA nabs legalsuper executive

ELIZA BAVIN  |  WEDNESDAY, 5 JUN 2024
HESTA has appointed Alissa Knight to the newly created role of general manager strategic planning, effective June 11. In her new role, Knight will play a crucial role in supporting HESTA's executive leadership team in strategic planning and key ...

Equip Super names chief experience officer

KARREN VERGARA  |  MONDAY, 3 JUN 2024
Equip Super appointed its inaugural chief experience officer (CXO), previously at legalsuper. Carrie Norman joins Equip on June 11. She most recently spent more than three years at legalsuper where she was chief member officer and an executive of member ...

Super funds slash external mandates by 54%

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
The number of investment managers winning institutional mandates has tanked 54% in less than two years as superannuation funds ramp up the in-house management of assets, Rainmaker Information research reveals. Just 156 mandates were allocated by super ...