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Showing 641 - 650 of 4162 results for "Action"

Future Fund slapped with new disclosure rules

ANDREW MCKEAN  |  WEDNESDAY, 4 OCT 2023
... its continuing existence has eroded and that in Australia's current economic straits, the most economically responsible action for a government to take is to liquidate, in an orderly manner, the holdings of the Future Funds and pay down debt. "With every ...

AZ NGA acquires stake in $1bn advice firm

KARREN VERGARA  |  WEDNESDAY, 4 OCT 2023
AZ NGA will acquire an undisclosed stake in a Western Australian practice that has $1 billion in funds under advice. The Wealth Designers (TWD) is the latest addition to AZ NGA's stable, joining member firms McKinley Plowman, Wealthwise, and On-Track ...

ART outlines road to net zero 2050

RACHEL ALEMBAKIS  |  FRIDAY, 29 SEP 2023
Australian Retirement Trust (ART) will aim to cut greenhouse gas emissions in its investment portfolio by 43% by 2030 on the way to net zero by 2050. The $260 billion super fund has released its Net Zero 2050 Roadmap, outlining how the fund plans to ...

PwC chief executives hold too much power: Review

CASSANDRA BALDINI  |  THURSDAY, 28 SEP 2023
... its own report in response to the findings, titled Commitments to Change. The firm outlined its management response and action plan, which it said are built on five key commitments. These include putting purpose and value at its core, increasing the ...

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
... warned the regulator will continue keeping a watchful eye over the crypto space. "ASIC will continue to take enforcement action regarding the allegedly misleading promotion of crypto asset based products that could harm consumers," she said. "Crypto ...

AMP challenges BOLR court ruling

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
... Association (TAA), which represents a large number of AMP FP advisers, said it is "disappointed" about AMP's latest action. The court ruled in favour of the class action's lead applicant and sample group member, finding AMP had breached the terms ...

Licensees shun remediation obligations: ASIC

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
... Karen Chester said. "Going forward, while ASIC will generally not oversee remediation programs, we will consider regulatory action where licensees fail to deliver fair and timely remediation to affected consumers." Further, the regulator warned that ...

ANZ hit with $15m penalty for misleading customers

ANDREW MCKEAN  |  TUESDAY, 26 SEP 2023
... timely manner. It should not have taken ANZ several years to address this issue," Court said. "ASIC will continue to take action against banks who fail in their duty to act efficiently, honestly and fairly in dealings with customers." ANZ has already ...

Treasury outlines plans to boost employment

CASSANDRA BALDINI  |  TUESDAY, 26 SEP 2023
... sector, and civil society. The government has also outlined nine main areas of focus and said it will look to take immediate action on each. Amid the nation's rapidly changing demographic, the white paper announced two key changes for pension and ...

US regulator fines DWS US$25m for greenwashing, AML offences

RACHEL ALEMBAKIS  |  TUESDAY, 26 SEP 2023
... and terrorism financing. I congratulate the Asset Management Unit for bringing this important mutual fund AML enforcement action." Without admitting or denying the SEC's findings, DWS agreed to a cease-and-desist order and a US$6 million penalty in the ...