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Showing 641 - 650 of 13899 results for "State"

DWS fined $43m for greenwashing

JAMIE WILLIAMSON  |  THURSDAY, 3 APR 2025
DWS will pay $43 million (US$27m) to settle a long-running greenwashing case brought by Frankfurt prosecutors. In 2021, a whistleblower - former DWS group sustainability officer Desiree Fixler - came forward with claims the asset manager was making ...

Macquarie terminates Aussie equity funds

MATTHEW WAI  |  THURSDAY, 3 APR 2025
Macquarie Group has terminated two of its equity offerings, saying they've failed to achieve scale. The Macquarie Australian Equities Fund and the Macquarie Active Plus Equities Fund were terminated late last month. Macquarie said both did not "have ...

ASIC tiptoes around private markets intervention

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
... growing private markets sector that until recently has flown under any regulator's radar. "Or is there a role for the state to pull levers to say, 'we need to be standardising that approach to valuations, or we need to be raising expectations ...

EQT closes flagship infra fund at $37bn

MATTHEW WAI  |  WEDNESDAY, 2 APR 2025
EQT Infrastructure VI raised €21.5 billion (AU$37 billion) in total commitments, exceeding the €20 billion target. The capital raising includes the €21.3 billion in fee-generating assets under management and builds on EQT Value-Add Infrastructure's ...

Court approves Caddick SMSF class action settlement

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
The Federal Court has approved the settlement amount of $3.54 million for Melissa Caddick victims who brought a class action against auditors that failed to detect fraudulent activities in their SMSFs. Michael Chapman, a director at Mackay Chapman ...

RBA flags concerns over 'geopolitical uncertainties'

ELIZA BAVIN  |  WEDNESDAY, 2 APR 2025
... of the year, but they have become increasingly attentive to the evolving risks from recent global policy developments." State Street Global Advisors APAC economist Krishna Bhimavarapu said despite the oncoming US tariffs, Australia is well-positioned ...

Otivo launches AI-powered advice tool

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
... information officer Nathan Isterling told Financial Standard the new tool is available to Otivo users - excluding Colonial First State - as part of its offering. Isterling said the tool will provide a SoA after every interaction to ensure the tool is ...

Not one trustee tracked end-to-end claims handling times: ASIC

ANDREW MCKEAN  |  MONDAY, 31 MAR 2025
... claims handling. The review of superannuation trustees including, Australian Retirement Trust, Avanteos (Colonial First State), Brighter Super, Commonwealth Superannuation Corporation, HESTA, Hostplus, NM Super (AMP), Nulis (MLC), Rest, and UniSuper ...

Queensland adviser banned for five years

MATTHEW WAI  |  MONDAY, 31 MAR 2025
A Queensland financial adviser has been banned by ASIC for failing to act in the best interests of his clients and failing to prioritise their interests. Grant Thomson is banned from providing financial services, controlling an entity that carries on ...

AMP introduces geared retirement options

MATTHEW WAI  |  MONDAY, 31 MAR 2025
... across 25 managers. AMP said the addition is in response to the growing demand from new and existing advisers. According to State Street Global Advisors and Investment Trends, close to 60% of advisers are using managed accounts, with the sector currently ...