Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 8009 results for "Products"

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... class actions filed against a major bank. Instead, they covered superannuation, conduct in selling complex financial products, shareholder class actions, and data breaches. On 22 December 2023, a class action was filed against Rest alleging it signed ...

AustralianSuper engages TAL to create retirement option

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... Blackmore said. "Retirement is deeply personal. There is no one size fits all so it's important that we are able to provide products, advice and services to meet members' individual needs. "For some, that means drawing down a regular income stream from ...

Australian Retirement Trust completes Alcoa merger

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
... than 2.3 million members. "We believe scaling up the fund will lead to larger investment opportunities, and enhanced products and services." The independent review that led Alcoa to consider its options followed a review by APRA that identified it as ...

Advanced ETP portfolios come at higher cost, complexity

ANDREW MCKEAN  |  THURSDAY, 14 MAR 2024
Investors can opt for a more advanced portfolio of exchange-traded products (ETPs), but this comes with increased fees and complexity. According to Rainmaker Information, constructing a balanced portfolio with intermediate ETPs, which target systemic ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... refundable accommodation deposits (RADs) as a form of payment from 2035, and raising awareness as to existing financial products that enable older people to use their wealth in retirement and in support of aged care costs. The Association of Superannuation ...

Hostplus rejects anti-competitive behaviour claims

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... what it calls Workforce Management Platforms (WMP) operators "advertising, promoting or else favouring superannuation products as part of a choice framework". The consultation, which wrapped up on 3 November 2023, proposes employers pay staff super entitlements ...

Experts issue warning over AI washing

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... your company uses AI, it must be true," she says. Regulatory Guide 234 also mandates that businesses promoting financial products and services must avoid any misleading or deceptive tactics. Firms that fail to comply and engage in such misleading conduct ...

Pendal shutters costly equity fund

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... 2021 showed that the fund charged a whopping 1.45% in management fees per annum - the highest among the other Pendal products. "The cash proceeds from this termination will be paid directly to your nominated bank account on file on or around Wednesday ...

Government consults on options to improve performance test

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... the multi-metric approach is reducing negative behaviours like benchmark hugging, making it more inclusive for diverse products, including values-based ones. However, its complexity could hinder transparency and create a reporting burden, with possible ...

ASX settles $1.05m fine for transparency failures

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
... system. However, due to a system misconfiguration, it didn't provide required information for select equity market products. The missing pre-trade data is crucial for price formation, aids liquidity, and enables investors to assess investment opportunities. ...