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Showing 591 - 600 of 3933 results for "USI"

Court dismisses Mayfair 101 appeal

JAMIE WILLIAMSON  |  TUESDAY, 11 OCT 2022
The Full Federal Court dismissed an appeal by Mayfair 101 to overturn the findings of misleading advertising and the $30 million fine it was handed in December last year. In March 2021, the Federal Court found Mayfair 101's group of companies engaged ...

First Super: Merger pressure fizzles out

ELIZABETH FRY  |  FRIDAY, 7 OCT 2022
The blind rush to consolidate that gripped the $3.4 trillion superannuation sector in recent times may be finally over, according to First Super chief executive Bill Watson. Instead of seeing big funds gobbling up smaller rivals, Watson expects more ...

Data sharing laws updated in response to Optus breach

JAMIE WILLIAMSON  |  FRIDAY, 7 OCT 2022
The government is proposing changes to the Telecommunications Regulations 2021 following the Optus breach that will impact how APRA-regulated entities respond to cybersecurity incidents and risks. Changes from the government are expected to provide ...

APRA unmasks fund outsourcing impacts

ANDREW MCKEAN  |  THURSDAY, 6 OCT 2022
APRA's thematic review on outsourcing arrangements in the superannuation industry found that trustees' efforts since the Royal Commission have resulted in stronger board oversight and monitoring of outsourcing arrangements and service providers. The ...

Industry funding model discussion commences

JAMIE WILLIAMSON  |  FRIDAY, 30 SEP 2022
The government has released a discussion paper on the ASIC industry funding model, consulting on opportunities to simplify its design, possibly through the creation of new sub-sector definitions to make the apportioning of costs fairer. Treasury is ...

Lumiant partners with Envestnet | Yodlee

ANDREW MCKEAN  |  THURSDAY, 29 SEP 2022
Lumiant will be the first company to leverage Envestnet | Yodlee's Consumer Data Right (CDR) accreditation under the CDR representative model to power its Your Wealth module. The partnership enables Lumiant to access real-time data from financial ...

More consolidation is needed, says Diverger chief

CASSANDRA BALDINI  |  WEDNESDAY, 28 SEP 2022
Diverger managing director Nathan Jacobsen believes more consolidation must happen within the financial advice industry. "I think we are one of the larger service providers and yet, by listed company standards, we're small," he explained in a recent ...

Advice technologies seeing adoption boom

CASSANDRA BALDINI  |  WEDNESDAY, 28 SEP 2022
New data has highlighted several technologies that are experiencing high year-on-year growth and adoption by financial advice firms. Netwealth's 2022 AdviceTech Report identified niche technologies and those growing in popularity by AdviceTech Stars ...

Vanguard to liquidate factor ETF

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2022
Vanguard is liquidating one of its US active ETFs, in what is reported to be a first for the company. Vanguard announced the US$44.2 million US Liquidity Factor ETF will be wound up in late November. Since its inception in 2018, the product has not ...

Equity Trustees wins AEMO mandate

CHLOE WALKER  |  FRIDAY, 23 SEP 2022
Australian Energy Market Operator (AEMO) Services has appointed Equity Trustees as financial trustee under the NSW Electricity Infrastructure Roadmap. The Roadmap, established by the state government, is working towards the goal of 12GW of new renewable ...