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Showing 631 - 640 of 2778 results for "OCC"

ACSRF, UniSuper confirm merger

JAMIE WILLIAMSON  |  MONDAY, 16 MAY 2022
Australian Catholic Superannuation and Retirement Fund and UniSuper have signed a Heads of Agreement to formally merge. In December the two funds announced they were undertaking due diligence on a potential merger. Today, the funds have said that process ...

NGS to reduce emissions 35% in three years

RACHEL ALEMBAKIS  |  FRIDAY, 13 MAY 2022
The super fund is aiming to reduce its carbon footprint by 35% by 2025 en route to its 2030 net carbon zero target. "We have set this very aggressive target of 2030 to decarbonise the portfolio, and we are much more confident at this point in time that ...

Commonwealth Bank makes raft of new appointments

ANDREW MCKEAN  |  FRIDAY, 13 MAY 2022
Eight people across institutional banking and markets have been promoted to the level of managing director at Commonwealth Bank. CBA's group executive of institutional banking and markets Andrew Hinchliff made the announcement in an internal meeting. ...

Cbus announces changes to admin fees, premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
Following on from the completion of its merger with Media Super, Cbus will shave its administration fees by 25%. However, at the same time, some members will begin paying more for death and TPD. The reduction in the dollar-based administration fee will ...

AFCA adopts case merit assessments

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
The Australian Financial Complaints Authority will permanently adopt a merit assessment process, so that complaints where no error or financial loss has occurred can be identified and excluded quickly. AFCA conducted a three-month pilot program last ...

Senator Bragg defends domestic crypto ETFs

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
In a letter to ASIC, Liberal senator Andrew Bragg has welcomed foreign crypto ETF competition but not before domestic products have become widely available. Bragg asked the regulator to confirm it will not provide an uneven playing field for foreign ...

Federal Court rules against RI Advice in cybersecurity case

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
The Federal Court has found RI Advice breached its obligations as a licensee by failing to have adequate systems in place to manage cybersecurity risks, leading to several incidents that put client information at risk. In what ASIC says is an Australian ...

Reserve Bank fallout after hawkish pivot

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
Yesterday, the Reserve Bank of Australia surprised markets by lifting the cash rate target for the first time in over a decade. The decision to raise rates 25 basis points to 0.35% came as the RBA sought to withdraw the extraordinary monetary support ...

ANZ stablecoin amplifies changing operating models

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
ANZ has seized the opportunities afforded to it by global digital currency adoption and created the first Australian-bank-issued stablecoin with positive results. Having only recently minted its first stablecoin, ANZ has already found several key elements ...

Australian Retirement Trust confirms new HQ

CHLOE WALKER  |  TUESDAY, 3 MAY 2022
Australian Retirement Trust has secured a new headquarters at 266 George St, Brisbane Square. From late 2022, Australian Retirement Trust will occupy the top floors of the building owned by Charter Hall's Brisbane Square Wholesale Fund (BSWF) and the ...