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Showing 521 - 530 of 6574 results for "Public"

ASIC sues HSBC Australia over $23m scam losses

MATTHEW WAI  |  MONDAY, 16 DEC 2024
ASIC has launched legal proceedings against HSBC Bank Australia in the Federal Court, alleging the latter failed to "adequately protect customers", resulting in losses of about $23 million through nearly 1000 unauthorised transactions. ASIC said the ...

FSCP reprimands two advisers for sloppy tax advice

KARREN VERGARA  |  MONDAY, 16 DEC 2024
... already $220,000. When giving the advice, the adviser failed to obtain or consider the client's superannuation assets in the Public Sector Superannuation Scheme (PSS) pension fund. Consequently, the client needed to withdraw $120,735 from the super account ...

Productivity Commission tasked with five new inquiries

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
... productivity-enhancing reforms due in mid-2025. The Productivity Commission will engage broadly and has already invited public engagement.

Hostplus' AFCA complaint response times lag

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
Hostplus published its inaugural Service Standards Report, aimed at improving transparency and accountability, with hopes other funds will follow suit. Hostplus chief executive David Elia said the report provides a comprehensive view of the volume ...

Con Michalakis jumps to Funds SA

ELIZABETH FRY  |  THURSDAY, 12 DEC 2024
High-profile Hostplus executive Con Michalakis has landed the top investment job at the $46 billion public sector investment manager. Reporting to Funds SA chief executive John Piteo, Michalakis will replace acting chief investment officer Matt Kempton ...

Super moves: Future Fund, Aware Super

ELIZABETH FRY  |  THURSDAY, 12 DEC 2024
Future Fund senior associate Wai-Kwan Chislett has moved from running overlay strategies to working with the responsible investment team until next July. Chislett has been with Australia's sovereign wealth fund for four years, most recently as senior ...

First Sentier expands mandate with Northern Trust

MATTHEW WAI  |  THURSDAY, 12 DEC 2024
... transfer agency and regulatory reporting services for First Sentier. These services will be rolled out across the manager's public market fund business in Australia, Ireland, Singapore, and the UK, it said. Their partnership began in 2005, with Northern ...

Productivity slump threatens asset returns: Shane Oliver

ANDREW MCKEAN  |  WEDNESDAY, 11 DEC 2024
... uncertainty around climate policies which have contributed to underinvestment in power supply, and a "huge expansion" in public spending. He said the expansion in public spending is particularly significant because public sector productivity is "invariably ...

Funds are 'getting back to basics', says report

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
Global public pension funds and sovereign funds are refocusing on generating long-term returns, generally targeting opportunities in private markets, emerging markets, and green assets, according to the Official Monetary and Financial Institutions Forum ...

GESB renews administration mandate

JAMIE WILLIAMSON  |  THURSDAY, 5 DEC 2024
The fund for Western Australian public sector workers has renewed its mandate with MUFG Retirement Solutions. MUFG Retirement Solutions, formerly Link Group, has held the mandate since July 2014 when the Western Australian government first outsourced ...