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Showing 621 - 630 of 6678 results for "Public"

ASIC sues Binance over customer protection failures

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
ASIC is taking Binance Australia to court alleging it denied more than 500 retail clients important consumer protections by misclassifying them as wholesale clients. ASIC alleges from 7 July 2022 to 21 April 2023, Binance offered crypto derivative products ...

TCorp returns 7%, AUM hits $110bn

KARREN VERGARA  |  WEDNESDAY, 18 DEC 2024
... investment approach and leveraging our strengths as long-term investors," Deverall said. TCorp manages assets for a several NSW public sector entities such as State Super, icare, Sydney Water, and Transport NSW. During the period, it generated 7.5% p.a. ...

AMP defies super fund herd with Bitcoin bet

ANDREW MCKEAN  |  TUESDAY, 17 DEC 2024
... heavyweights stand resolute in their rejection of the digital asset. Last week, AMP senior portfolio manager Steve Flegg made public that the fund had "took the plunge" into crypto, with its exposure to digital assets now accounting for 0.05% of its ...

Cost-of-living worries drain retirement confidence: MFS

KARREN VERGARA  |  TUESDAY, 17 DEC 2024
Most Australians will not be able to retire at the age they want as managing finances amid the cost-of-living crisis dampens their confidence, a survey from MFS Investment Management found. Only 23% of more than 1000 participants canvassed are confident ...

ASIC sues HSBC Australia over $23m scam losses

MATTHEW WAI  |  MONDAY, 16 DEC 2024
ASIC has launched legal proceedings against HSBC Bank Australia in the Federal Court, alleging the latter failed to "adequately protect customers", resulting in losses of about $23 million through nearly 1000 unauthorised transactions. ASIC said the ...

FSCP reprimands two advisers for sloppy tax advice

KARREN VERGARA  |  MONDAY, 16 DEC 2024
... already $220,000. When giving the advice, the adviser failed to obtain or consider the client's superannuation assets in the Public Sector Superannuation Scheme (PSS) pension fund. Consequently, the client needed to withdraw $120,735 from the super account ...

Productivity Commission tasked with five new inquiries

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
... productivity-enhancing reforms due in mid-2025. The Productivity Commission will engage broadly and has already invited public engagement.

Hostplus' AFCA complaint response times lag

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
Hostplus published its inaugural Service Standards Report, aimed at improving transparency and accountability, with hopes other funds will follow suit. Hostplus chief executive David Elia said the report provides a comprehensive view of the volume ...

Con Michalakis jumps to Funds SA

ELIZABETH FRY  |  THURSDAY, 12 DEC 2024
High-profile Hostplus executive Con Michalakis has landed the top investment job at the $46 billion public sector investment manager. Reporting to Funds SA chief executive John Piteo, Michalakis will replace acting chief investment officer Matt Kempton ...

Super moves: Future Fund, Aware Super

ELIZABETH FRY  |  THURSDAY, 12 DEC 2024
Future Fund senior associate Wai-Kwan Chislett has moved from running overlay strategies to working with the responsible investment team until next July. Chislett has been with Australia's sovereign wealth fund for four years, most recently as senior ...