Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 521 - 530 of 8758 results for "Products"

Sanlam Private Wealth breaches licensee obligations, hit with enforceable undertaking

MATTHEW WAI  |  MONDAY, 6 JAN 2025
... investor assets and serviced large retail client bases. Some offered online trading platforms and crypto-based investment products that posed great risks to retail clients. The corporate watchdog also identified that Sanlam failed to implement a training ...

Court finds CFD issuers engaged in 'unconscionable conduct'

ELIZA BAVIN  |  MONDAY, 23 DEC 2024
... Many of these customers were "flying blind'" and did not understand the risks involved in these highly complex financial products, ASIC said. In an Australian first, the court also found that USG breached its obligation to ensure that the financial services ...

Superhero Super assets to swell via fund transfer

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2024
... will be bolstered when it takes on Slate Super's $584.2 million and Simple Choice's $99.8 million. Together, the products have about 76,000 members. "In recent years, there has been a substantial increase in regulatory changes introduced by both ...

ASIC sues Binance over customer protection failures

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
... misclassifying them as wholesale clients. ASIC alleges from 7 July 2022 to 21 April 2023, Binance offered crypto derivative products to 505 Australian retail investors who were misclassified as wholesale clients, representing 83% of its Australian client ...

Growth performance of Australia's top investment managers

ANDREW MCKEAN  |  WEDNESDAY, 18 DEC 2024
... from product returns are "heavily dependent" on the asset classes being represented; investment managers with large cash products or those with more modest returns experienced less growth. The mix of products, and their popularity, has a large impact ...

AI can improve super fund value chain: CFA Institute

KARREN VERGARA  |  WEDNESDAY, 18 DEC 2024
... their time more productively by automating repetitive activities, as well as gain additional insights that lead to better products and services. Taking the $37 billion State Super as a case study, the super fund uses reinforcement learning (RL) models ...

JBWere partners to launch fixed income funds

MATTHEW WAI  |  TUESDAY, 17 DEC 2024
JBWere is launching two active fixed income products, backed by UBS Asset Management (UBS AM), to provide wholesale clients access to domestic and global credit options amid growing demand for the asset class. The product suite, which includes the UBS ...

Crypto operator to fork out millions after court ruling

ANDREW MCKEAN  |  FRIDAY, 13 DEC 2024
... he said. ASIC chair Joe Longo said TMDs are fundamental in ensuring that investors aren't inappropriately marketed products that could harm them, highlighting that Bit Trade charged customers fees and interest of over US$7 million without considering ...

QIC backs analytics platform with $2m investment

MATTHEW WAI  |  FRIDAY, 13 DEC 2024
... reflects what can be achieved from the Queensland market. "Simon, Kate and Peter have a great track record of building products that solve real problems that are important to their customers," Capell said. "We've seen that dating back to 1999 in Simon ...

TAL creates consumer and growth unit

MATTHEW WAI  |  THURSDAY, 12 DEC 2024
... this new division, Lexie Denby will oversee TAL's direct and advised customer growth initiatives while ensuring its products and services remain relevant and accessible. The chief executive of Individual Life, Gavin Teichner, said Denby's leadership ...