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Showing 591 - 600 of 5398 results for "Third"

Third person pleads guilty in Courtenay House Ponzi scheme

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
... of commissions received for promoting investments in Courtenay House, despite it being unlicensed. Sipina has become the third person to plead guilty to criminal charges associated with Courtenay House. On 8 May 2023, Athan Papoulias, a former contractor ...

Markets, economies benefit from eustress: ABDO

KARREN VERGARA  |  WEDNESDAY, 20 MAR 2024
... normalisation, however, hinges on the absence of "geopolitical wildcards" that include Russia's war in Ukraine entering its third year, Israel's war on Gaza, and the upcoming US elections. Given the macroeconomic environment turbulence over the last ...

Interest rate cut may not come until 2025, experts warn

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... won't loosen monetary policy settings until September. "The Reserve Bank Board will want to consider the impact of a third round of tax cuts that will take effect in July. While the cuts won't derail inflation's retreat, they will delay it," ...

Policymakers face significant challenge in regulating AI

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... AI: How to Regulate an Emerging Tech? "A second risk is strangling innovation, as frequently transpires in Europe, while a third is regulatory capture, which seems likely given the high stakes and dearth of AI expertise in government." Hebner said a ...

Mayfair 101 regains control of assets, liquidators abandon claims

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
The terms of a $44 million legal settlement reached between Mayfair 101, James Mawhinney and the liquidators of IPO Wealth Holdings have been released to the public. In July 2022, Mayfair 101, its managing director James Mawhinney, and the liquidators ...

Majority comply with IDR reporting: ASIC

KARREN VERGARA  |  MONDAY, 18 MAR 2024
... dispute resolution (IDR) reporting regime saw 87% of small financial firms submit their data to ASIC. The deadline for the third round of reporting, which forced a total of 8600 financial services firms to submit data by February 29, was extended to ...

Half of super funds to close in coming decade: Mercer

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2024
... technology upgrades needed to attract advisers or respond to the ever-increasing regulatory requirements." The consequences for third-party providers supporting the system are clear, Mercer said, looking at administrators, custodians, insurers, investment ...

Advisers flock to managed accounts, but are very selective

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
A new report from State Street and Investment Trends found a record 25% of all new client inflows are placed into managed accounts. The proportion of advisers using them has more than tripled from 18% a decade ago to an equal record high of 56% now. ...

Experts issue warning over AI washing

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... tasks, from risk assessments and fraud detection to software development and customer service. It projects that nearly one-third of task hours could be automated by 2030. But, as US Securities and Exchange Commission chair Gary Gensler recently highlighted ...

Retirement saving, investing daunting for women: Surveys

KARREN VERGARA  |  FRIDAY, 8 MAR 2024
... surveyed ranged from "very" to "extremely confident" about making decisions related to managing their finances, while only a third of female respondents (33%) indicated the same.