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Showing 41 - 50 of 5419 results for %22Regulatory%22

Treasury mulls transfer balance credit provision reforms

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
The government is consulting on changes to provisions afforded to super fund members with a capped defined benefit income stream to ensure they are not negatively impacted in the event of a merger. Under current legislation, when a super fund merges ...

Suncorp sells NZ life business to Resolution Life

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
... changes to the business under the acquisition, with the management team and brand to remain. It remains subject to regulatory approvals. Suncorp New Zealand chief executive Jimmy Higgins said he believes the acquisition is in the best interests of Asteron ...

Fund managers prepare for harsher penalties

ELIZA BAVIN  |  THURSDAY, 4 APR 2024
... Overall, just 30% of alternative fund managers interviewed believed their organisations were excellent at meeting their regulatory requirements, with 66% saying they were good at it and only 1% describing their ability to do so as poor. Aron Brown, head ...

Perennial renews contract with SS&C

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
... expanded SS&C's mandate to include all fund types and to include transaction and distribution processing, AML/KYC, regulatory reporting, call centre services, and the Digital 360 investor services offering. SS&C previously serviced Perennial's unlisted ...

Court rejects Provide Capital's 'illogical' application

KARREN VERGARA  |  WEDNESDAY, 3 APR 2024
The federal court has rejected Provide Capital's "illogical" application to prevent ASIC conducting further investigation into the firm. Justice Rofe dismissed Provide Capital's application that alleged ASIC did not have the state of mind required ...

BlackRock faces 'stiff competition' from APAC asset managers

ANDREW MCKEAN  |  TUESDAY, 2 APR 2024
... as a way of offsetting economic and geopolitical uncertainty, downward pressure on fees, and an increasingly onerous regulatory burden. "A cautious outlook continued throughout the year, and investors prioritised regular payouts in an uncertain climate. ...

AustralianSuper hires data strategy lead

ELIZABETH FRY  |  TUESDAY, 2 APR 2024
... team. Previous roles include KPMG and Investment Trends, where he specialised in operations, strategy development and regulatory response projects for superannuation funds. Finally, Alix Fraser joins the asset owner as a member resolution manager. Fraser ...

Australian private capital industry surges 33%

ELIZA BAVIN  |  TUESDAY, 2 APR 2024
... double that. "The challenge for Australia, in a globally competitive market for patient capital, is to ensure that its regulatory and legislative frameworks remain efficient, effective and flexible enough to enable investment in start-ups and growth ...

CSLR kicks off, 2k await compensation

KARREN VERGARA  |  TUESDAY, 2 APR 2024
The Compensation Scheme of Last Resort (CSLR) today opened its doors, ready to compensate about 2000 claimants who have long waited for redress. Inaugural CSLR chief executive David Berry told a media briefing: "We look forward to supporting a number ...

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
The Federal Court determined Vanguard misled investors via claims it made about certain ESG screens it applied to its Ethically Conscious Global Aggregate Bond Index Fund. On March 8, the indexing giant admitted to "engaging in conduct that was liable ...