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Showing 521 - 530 of 4618 results for "Issues"

Lombard Odier breaks into Australia, issues private credit mandate

ANDREW MCKEAN  |  THURSDAY, 16 NOV 2023
Lombard Odier Investment Managers (LOIM), the asset management division of the Swiss private bank, has awarded a mandate to Equity Trustees for its first offering in Australia. The LOIM Sustainable Private Credit (Australia) Unit Trust seeks to deliver ...

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... members incurring $69 million in fees. However, ASIC's scrutiny extends beyond AustralianSuper, having identified widespread issues with unmerged duplicate accounts across the superannuation industry and anticipates further actions to address these systemic ...

Nominations open in FS Sustainability Power50

RACHEL ALEMBAKIS  |  TUESDAY, 14 NOV 2023
... shaping the agenda and implementing the strategy on a wide variety of material environmental, social and corporate governance issues. "The inaugural ESG Power50 list recognised progressive performance across a deep range of ESG and sustainability," FS ...

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
... updates, and manual errors made in applying leverage ratio limits. While the seven that paid $4.3 million self-reported the issues and voluntarily initiated a remediation program, ASIC said three of these issuers used "certain behavioural assumptions ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... laggards. "It's worth remembering that many companies, especially large emitters, have been reporting on climate-related issues for many years. The argument that all companies need a de facto rules enforcement 'holiday' just doesn't stack ...

Australian Unity to sell off failed development

CHLOE WALKER  |  MONDAY, 6 NOV 2023
... Australian Unity has been forced to put a half-completed apartment building up for sale because of "ongoing construction-related issues." In a recent letter to investors of the Australian Unity Select Income Fund, Australian Unity said that after having ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... we're unable to provide further details at this time." Complaints to a superannuation trustee can cover a range of issues, from members who were inconvenienced by confusing information, to more serious complaints that result in financial harm, such ...

Frontier calls out structural super fund flaws

ANDREW MCKEAN  |  MONDAY, 30 OCT 2023
... variability, and often results in bequests that are much larger than intended," he said. However, in response to these issues, Frontier has unveiled a "Retirement Wage" concept. This concept intends to allow superannuation fund members to transition ...

Super bequest reform can boost charitable giving by billions: Report

ANDREW MCKEAN  |  TUESDAY, 24 OCT 2023
... discuss and consider the reform, and so government can leverage the industry's expertise on policy design and implementation issues," he said. "In the end, this reform will have transformational impact, with tens of billions in additional funds flowing ...

Super fund, insurer admin issues draw AFCA complaints

KARREN VERGARA  |  MONDAY, 23 OCT 2023
Life insurers and superannuation funds continue to pin systemic issues on administrative and legacy systems that have drawn customer complaints and, in some cases, led to large compensation payouts, according to the Australian Financial Complaints Authority ...