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Showing 471 - 480 of 5863 results for "July"

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
... fund's holdings by market value were not screened against the applicable ESG criteria. The case was first brought by ASIC in July 2023 and followed Vanguard already being fined $40,000 to comply with infringement notices related to greenwashing. ...

ASIC slaps Macquarie with record $5m fine

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... Morgan Securities Australia $775,000 for its failure to moderate suspicious orders in the ASX 24 wheat futures market. In July, ASIC commenced civil penalty proceedings against COFCO International Australia and COFCO Resources SA for alleged manipulation ...

Magellan makes internal PM moves

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
... investment experience. She joined Magellan in January 2007 and was involved in the Global Equities strategy since its inception in July 2007 until December 2017. Thomas went on to spend four years at Alphinity Investment Management as global portfolio ...

ESSSuper ups admin fee cap

KARREN VERGARA  |  MONDAY, 23 SEP 2024
... Income Stream accounts from $750 to $1000. The fee cap for these account members went from $2120 to $750, as announced in July 2023. Since the fee reduction, however, the super fund "experienced increases in the costs of providing essential administration ...

GAM Investments loses local lead

ELIZABETH FRY  |  FRIDAY, 20 SEP 2024
... is understood that the global asset manager is currently searching for Zaika's replacement. Zaika, who joined GAM in July 2018, has worked in Australian financial services sales for 20 years, covering institutional, wholesale and retail market segments. ...

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... investment trading platforms, and crypto-asset related scams. Combating investment scams is a key priority for ASIC. Since July 2023, the regulator has coordinated the removal of over 7300 phishing and scam websites as part of the government's 'Fighting ...

Super to be paid on parental leave from July 2025

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
... payments from the Commonwealth Paid Parental Leave scheme will begin receiving Superannuation Guarantee contributions from 1 July 2025, with the bill passing through the Senate this morning. Under the legislation, those who take paid parental leave will ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... legislation to incentivise compliance and ensure employees are fairly compensated when super payments are delayed. From 1 July 2026, employers will be required to pay their employees' super with every pay cycle, as opposed to quarterly. Treasury ...

ASFA launches new initiative to fight financial crime

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2024
... of the superannuation system." The initiative will build on ASFA's guidance on fraud controls which came into effect on 1 July 2024. ASFA said the FCPI will enhance collaboration and knowledge sharing between funds and critical service providers including ...

AMP BOLR litigants face lengthy payout process

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
... (excluding GST) [and] I do not believe the prospect of settling for less than $100,000 is a fair or reasonable result." In July 2023, the Federal Court determined that AMP's devaluation of AMP Financial Planning (AMPFP) practices from 4x to 2.5x recurring ...