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Showing 521 - 530 of 9558 results for "Release"

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
Of the 97 products to fail this year's superannuation performance test, 96 are trustee-directed products - 75% of which are issued by the same four trustees. Released this morning, the 2023 performance test marks the first time trustee-directed ...

Super funds taking on the climate crisis

ANDREW MCKEAN  |  WEDNESDAY, 30 AUG 2023
... Adding a new dimension to Rest's climate strategy, Weier disclosed that the fund's upcoming roadmap is slated for public release in the coming months. She underscored that the funds risk assessment will continue to consider not just immediate environmental ...

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... configurations, to address concerns regarding the role of super funds in helping members transition to retirement. It follows the release of the 2023 Intergenerational Report by Treasury, which demonstrates superannuation will play a key role in reducing ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... with Munich Re, AMP extended its collaboration to cover 60% of the AMP Life retail portfolio in 2017. This enabled AMP to release around $500 million in capital from its wealth protection business. At the time, former AMP chief executive Craig Meller ...

ASX profits hit by CHESS setbacks, acts on review findings

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
... investigation, ASX has prepared three special reports for ASIC, two of which were made public today. ASIC acknowledged the ASX's release of the CHESS program external review special report and said it will assist in assessing whether any further regulatory ...

ASIC proposes five-year extension to DDO

ANDREW MCKEAN  |  WEDNESDAY, 16 AUG 2023
ASIC has proposed a five-year extension to the design and distribution obligations (DDO), the instrument for which was originally set for a two-year period. DDO was introduced following a recommendation from the 2019 Financial System Inquiry to compel ...

Super tough sell for First Nations people: Podcast

CASSANDRA BALDINI  |  FRIDAY, 11 AUG 2023
... essential to address the existing reality to establish a fairer system. He suggests one way is to create a tiered early release system, applicable by postcode, acknowledging that it is often difficult to apply concessions based on race. "There are certain ...

APRA finalises framework for MySuper products

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
APRA has released a technical determination, aiming to standardise the amalgamation of MySuper product performance histories. The announcement marks the culmination of consultations held in April 2023. The Superannuation Technical Determination No.1 ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
ASIC's latest action against Vanguard for allegations of greenwashing in a bond fund raises the question of whether the market regulator will crack down on index providers and other third-party service providers for greenwashing as well. Last month ...

ACCC slams door on ANZ, Suncorp deal

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
... with an executive summary outlining its reasons for rejecting the proposal. The comprehensive reasons are scheduled for release on Monday, pending confidentiality checks with the concerned parties. According to Australian competition law, if the ACCC ...