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Showing 491 - 500 of 7410 results for "MAI"

QIC appoints institutional distribution lead

ELIZABETH FRY  |  THURSDAY, 3 APR 2025
Sydney-based Paul Raih has been promoted to head of Australia institutional distribution at Queensland's sovereign wealth fund. Reporting directly to Ravi Sriskandarajah, Paul will drive QIC's continued success in the domestic market by growing ...

The super fund scouring the dark web to protect members

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
A compromised identity could result in financial harm, including the loss of superannuation savings, a particularly prominent risk given the volume of members' personal data available for sale. This super fund is fighting back with a novel approach. ...

CSLR costs driven by poor advice: AFCA

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
The Australian Financial Complaints Authority (AFCA) lead ombudsman, investments and advice Shail Singh has told financial advisers that poor practices are the main contributor to the soaring costs of the Compensation Scheme of Last Resort (CSLR). "It's ...

Life insurers keep breaking their own rules: Report

ANDREW MCKEAN  |  TUESDAY, 1 APR 2025
Breaches of the Life Insurance Code of Practice (the Code) increased for a fourth consecutive year, with life insurers reporting 14,670 instances of non-compliance, a 19% increase from the previous period. The Code, the industry's north star for good ...

APRA levy to cost $243m in FY26

KARREN VERGARA  |  FRIDAY, 28 MAR 2025
The total cost to keep APRA's enforcement activity going is set to be $243 million in the 2026 financial year, with the superannuation industry taking up about 30% of this amount. Super funds have been allocated $72.9 million to fund APRA's operations ...

MSC appoints operating chief

ELIZABETH FRY  |  THURSDAY, 27 MAR 2025
MSC Group's Shelley Brown will become second-in-command at the trustee firm following a promotion to operating chief. Credited with bringing commerciality to the risk side of the business, Brown has served as both the chief compliance officer and ...

Active Super PM opens asset consultant

ELIZABETH FRY  |  THURSDAY, 27 MAR 2025
Active Super senior portfolio manager Ken Pholsena has launched an asset consultancy to help wholesale clients fine-tune their investment strategies across multiple asset classes. Pholsena spent 16 years at Active Super and its predecessor the Local ...

Aware Super completes phase one of 'Project Odin'

ELIZA BAVIN  |  THURSDAY, 27 MAR 2025
Aware Super has completed phase one of enhancing its investment data capabilities - dubbed 'Project Odin' - by implementing a new investment enterprise data management platform. GoldenSource worked with Aware Super to create the fund's new ...

ASIC recommends standards for virtual AGMs

ELIZA BAVIN  |  THURSDAY, 27 MAR 2025
The Australian Securities and Investments Commission (ASIC) has provided Treasury with a report after conducting an inquiry into companies holding virtual AGMs. As part of the report, the regulator made five recommendations, including that ASIC and ...

Labor accelerates defence spending

KARREN VERGARA  |  TUESDAY, 25 MAR 2025
The defence portfolio will grow to $57.6 billion over the next decade as the Albanese government tightens national and economic security amid growing geopolitical tensions. As announced last year, the government will invest an additional $50.3 billion ...