Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 621 - 630 of 4681 results for "Issues"

Unemployment rate rises as gender wage gap narrows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
... causes for the unexpected dip. AMP chief economist Diana Mousina said: "It seems that Covid-19 has caused some lingering issues with the seasonal adjustment process." She added that employment trends can fluctuate, with periods of robust growth often ...

Industry Fund Services enters strategic partnership

JAMIE WILLIAMSON  |  THURSDAY, 17 AUG 2023
... drawdowns," BCG X managing director and partner David Vilijoen said. "This strategic partnership looks to address those issues."

FSCP issues slap on the wrist to adviser

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
The Financial Services and Credit Panel reprimanded a financial adviser who inadequately assessed the consequences of rolling over superannuation and life insurance cover, labelled the panel's least serious disciplinary action yet. Keeping the adviser's ...

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... buybacks. "We have significantly reduced the size and complexity of AMP's business, whilst continuing to resolve legacy issues. The changes we have made are allowing us to focus on driving performance and strategic investment in our growth businesses ...

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... Wisdom in March and June 2020 respectively. During the period, CBA increased its provision for aligned advice remediation issues and program costs of $299 million, comprising $163 million for ongoing service fees remediation, $91 million for other remediation ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
... ACCC have recently released draft guidelines on environmental and sustainability claims," Higgins noted. "One of the many issues called out is use of 'third party certifications' as a way of substantiating claims. While not referencing ESG data ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... determining an individual's net assets for the purposes of the individual wealth test. The Quality of Advice Review highlighted issues with the wholesale client financial thresholds, claiming they were too low and that clients lacked understanding about ...

Link Group to cop $418m loss

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
Link Group has advised investors it expects to post a $417.7 million loss for FY23, largely the result of its issues in the UK. In April, Link Group reached a conditional agreement with the UK regulator, the Financial Conduct Authority, to settle its ...

Should wealthy Aussies use super to fund aged care?

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... Amid fresh concerns about funding Australia's ageing population, assistant treasurer Stephen Jones has responded to a new issues paper that suggests requiring wealthy Australians to use part of their superannuation for their personal aged care costs. ...

Acadian employs ChatGPT to assess climate targets

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 AUG 2023
... score. Acadian uses the tool in portfolio construction, but it is also useful to structure engagements to help identify issues if companies appear to be at risk of missing targets and understand why. "There are a number of use cases - engagement is definitely ...