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Showing 611 - 620 of 1941 results for "SAFE"

Super funds need to get on board with crypto: Carnegie

ELIZABETH MCARTHUR  |  MONDAY, 12 APR 2021
Ahead of the launch of his new digital assets fund, investment banker Mark Carnegie has warned that Australian super funds need to get on board with cryptocurrencies. Carnegie is launching the MHC Digital Asset Fund, in partnership with blockchain expert ...

APRA to overhaul offshore reinsurance standards

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
The prudential regulator has commenced industry consultation on revisions to the prudential standards for life insurers to protect life insurance policy holders against the use of offshore reinsurers. APRA is proposing an aggregate limit on exposures ...

Hume expands portfolio

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
Following a cabinet reshuffle, minister for superannuation, financial services and the digital economy Jane Hume will now take on responsibility for women's economic security. Hume's title is now minister for women's economic security, minister ...

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... entire proceeds of the sale of their house in New Zealand with Mayfair, believing it would provide passive income and was a safe investment. "We have no home, no financial assets, no access to social security [as NZ citizens] and have no family to help ...

Super funds to answer to new APRA enforcer

ELIZA BAVIN  |  FRIDAY, 19 MAR 2021
APRA has announced the appointment of Margaret Cole as a new member, focused on enforcement of the superannuation sector. Announcing the appointment, Treasurer Josh Frydenberg said Cole has extensive experience in regulatory and legal fields across ...

Cbus awards $240m mandate

ELIZABETH MCARTHUR  |  THURSDAY, 18 MAR 2021
The $60 billion industry super fund for the construction and building sectors has announced a new $240 million mandate. Impax Asset Management has been awarded the mandate in a move focused on investing in opportunities arising from the transition away ...

Super fund appoints head of asset allocation

ELIZA BAVIN  |  WEDNESDAY, 17 MAR 2021
Australian Ethical (AEF) has announced the appointment of a new head of asset allocation following the promotion of Mike Murray. AEF has appointed John Woods to head of asset allocation, where he will be responsible for the balanced fund and overall ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
... Commission hearings but over 31,000 credit complaints show there are still huge problems in the system," Kirkland said. "Repealing safe lending laws is an extraordinary thing to do when many Australians are struggling in the wake of COVID-19. "If passed ...

Chief economist update: Confidence contagion

BENJAMIN ONG  |  THURSDAY, 11 MAR 2021
... this month. She'll be right, mate! COVID-19 - and its variants - have been virtually vapourised in Australia but to be safe(r), vaccines have been rollin' rollin', at the same time that both monetary and fiscal policies continue to push economic ...

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
The prudential regulator has acknowledged concerns over "quasi-mergers" raised by Senator Andrew Bragg. In a letter provided to Financial Standard, Bragg contacted APRA in February to express concerns over the "quasi-merger" between Maritime Super and ...