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Showing 681 - 690 of 4503 results for "Case"

Institutions must raise the bar on cybersecurity resilience: APRA

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
Insights from APRA expose a lack of compliance with cybersecurity obligations is leaving hundreds of institutions open to financial crime. The regulator plans to have assessed more than 300 banks, insurers and super trustees' compliance with CPS 234 ...

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... products being sold to them, or even that they had been sold insurance in the first place. "ASIC considered this to be a clear case of consumers not having the opportunity to understand and consider the features of the insurance product they had been ...

Capital Group unveils multi-sector income fund

CHLOE WALKER  |  WEDNESDAY, 5 JUL 2023
... was seeded in 2019. "We are pleased to be introducing the Capital Group MSI Fund to Australian investors as the investment case for an exposure to fixed income assets continues to strengthen, particularly for long-term focused investors," Capital Group ...

FAAA celebrates membership renewals, anticipates more

ANDREW MCKEAN  |  TUESDAY, 4 JUL 2023
... the Association of Financial Advisers (AFA), and many of our members prefer to pay in the previous financial year in any case, for tax reasons." The FAAA announced that as of June 30, over 80% of eligible practitioner members had renewed across the AFA ...

Inflation drops to 5.6%

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
... seen in a similar light next week, today's figures should push the balance in favour of pausing, which is our central case." When asked his opinion, Treasurer Jim Chalmer welcomed the news but added that inflation is still too high. "Inflation is ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... example, ASIC was successful in court against Westpac in April 2022, with $113 million in penalties being awarded in this single case (which included advice related matters). What has happened to those penalties? Have they simply gone into consolidated ...

Calastone, Schroders collaborate on tokenised investment vehicle

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
Calastone and Schroders are collaborating to explore the capabilities of a tokenised investment vehicle for variable capital companies. The collaborative endeavour seeks to manufacture and distribute tokenised investment vehicles via Calastone's Distributed ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
ASIC is appealing for superannuation trustees to adhere to their legal responsibilities concerning member funds following a review of 12 trustees. A recent review by ASIC revealed that most aren't meeting their legal responsibilities for managing incoming ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
The long-awaited Compensation Scheme of Last Resort (CSLR) has been enshrined in legislation, with consumer advocates calling it a "historic moment" for Australians. Passing the senate on June 22, the Treasury Laws Amendment (Financial Services Compensation ...

Senate report labels PwC breach calculated, deliberate

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
Despite the inquiry continuing, a Senate committee has concluded that PwC deliberately covered up the actions of its staff and the plans to monetise the confidential information at the heart of its tax leaks scandal. A report published by the committee ...