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Showing 4961 - 4970 of 28259 results for "NOT"

Labor vows to review YFYS test

RACHEL ALEMBAKIS  |  FRIDAY, 8 APR 2022
... champion the role of choice in superannuation and in investment," he said. The intention would be to review the YFYS benchmarks, not eliminate them entirely. "We won't throw the whole thing out if I'm in charge of this area," he said. "Benchmarking ...

APRA champions flexible financial technology regulation

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
... risk tolerance. Byres asserted that seizing great opportunity in and amongst a world of rapid shifts and material risks is not achieved by pretending to have all the answers but rather ensuring regulatory agendas are focused on consumer benefits as much ...

Westpac fined $1.5m for mis-selling insurance

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
... policies. This penalty has come as a result of Westpac's issuance of consumer credit insurance policies to 141 customers who did not request the product between April-July 2015. Moreover, Westpac sent a letter to each customer to assert the right to ...

Key investor trends unveiled in latest IFM report

ANDREW MCKEAN  |  THURSDAY, 7 APR 2022
Industry superannuation fund owned IFM Investors has today released a report which expects decarbonisation to accelerate, with the energy transition driving greater investment in emission reduction programs. The report, Resilience and Transition: Infrastructure ...

Magellan suffers $1bn in outflows

ELIZABETH MCARTHUR  |  THURSDAY, 7 APR 2022
Magellan experienced $1.1 billion in net outflows from March 11 to March 31. The outflows were made up of $500 million in retail outflows and $600 million in institutional outflows. The fund manager also announced to the ASX that it has received notification ...

Boys' clubs cost companies: Study

ELIZABETH MCARTHUR  |  THURSDAY, 7 APR 2022
... of 2.5% for diverse boards and a 4% annual return premium for diverse senior management. "The gender diversity premium has not yet been priced in by the market, meaning that investors who can identify companies with higher diversity, especially in senior ...

ASIC pushes super governance improvements

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 APR 2022
... maintaining consumer trust and confidence in the superannuation industry," ASIC commissioner Danielle Press said. "This is not something you can set and forget. Trustees must have conflict management arrangements in place that are continually reviewed ...

REI Super appoints to board

JAMIE WILLIAMSON  |  WEDNESDAY, 6 APR 2022
REI Super has added two financial services veterans to its board, with one joining as deputy chair. Geoff Peck and Craig Dunstan joined the super fund's board this month as independent directors, with Peck also appointed deputy chair. Peck has held ...

YFYS changed how funds invest: JPMAM

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 APR 2022
... YFYS performance test in their investment decision-making. Their answers revealed that while chief investment officers are not intending to make major changes to their portfolios - unless they are failing on the performance test - they are more cautious ...

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
... and prevent unauthorised transactions, she asserted the case wasn't focused on Hopkins' conduct. She stated: "ASIC's case is not focused on Mr Hopkins' conduct but rather on alleged multiple failures by Macquarie." ASIC further claimed Macquarie breached ...