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Showing 631 - 640 of 3775 results for "Maintain"

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
The final report from the government's Aged Care Taskforce suggests the amount paid by Australians accessing care should be determined by their personal wealth, including superannuation, rejecting the idea of an aged care levy. On the back of the ...

Government consults on options to improve performance test

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
The government is seeking feedback on alternative superannuation performance test designs after criticism about unintended investment consequences. In considering potential reform options, the primary focus is on improving member outcomes through an ...

ASX settles $1.05m fine for transparency failures

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
ASX has settled a $1.05 million penalty after an ASIC investigation found it failed to meet pre-trade transparency rules on 8417 occasions from April 2019 to December 2022. The rules mandate that ASX disclosure specific order details on its trading ...

Islamic Bank hands back licence

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... - also known as Islamic Money - said the decision was the result of not being able to raise the necessary capital to maintain the licence. "We understand the anticipation and excitement surrounding the launch of the first Islamic bank in Australia. The ...

Family offices still love hedge funds: Preqin

CHLOE WALKER  |  TUESDAY, 5 MAR 2024
The number of family office investors allocating to hedge funds increased by 10% from 2022 to 2023, and has doubled since 2015, according to new research by Preqin. The Preqin Fundraising from Family Offices report stated that family offices across ...

Bloom Impact, MSC pulled up for greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 29 FEB 2024
The now-defunct app-led climate impact fund is the latest entity to cop a fine for greenwashing from the regulator. Melbourne Securities Corporation (MSC) has paid $13,320 to comply with an ASIC infringement notice relating to allegations of misleading ...

ASIC waves red flag at advisers, trustees over Choice products

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
An extensive review of processes across superannuation trustees, financial advisers and advice licensees has found very little evidence that consumers are aware of how poorly Choice products they're in are performing, and that such underperformance ...

APRA proposes updated operational risk financial requirements

ANDREW MCKEAN  |  TUESDAY, 20 FEB 2024
... risk related losses fairly across different cohorts of beneficiaries," APRA said. APRA continued that it's prudent to maintain the existing guideline target amount for the ORFR of 25 basis points of funds under management. It added that this standard ...

Family offices choose private credit: Survey

CHLOE WALKER  |  MONDAY, 19 FEB 2024
... sentiment is really negative, and we think investors might want to consider the benefits of a call spread option strategy to maintain some exposure if they are reducing their direct cash exposures to public equities in China at current valuations." The ...

Dexus results mixed prior to Steinberg's exit

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
... operations and completed $1.3 billion in balance sheet divestments during the half. This, Steinberg said, enabled Dexus to maintain a strong balance sheet and recycle capital into other opportunities, such as its committed development pipeline. "In November ...