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Showing 701 - 710 of 4503 results for "Case"

TPB grilled over handling of PwC scandal

JAMIE WILLIAMSON  |  THURSDAY, 1 JUN 2023
... allows pecuniary penalties in certain circumstances and did not apply in this instance. Pushed further on why that was the case, O'Neill said it comes down to the structure of the legislation. "Can you take me to the clause in the Act that says you cannot ...

APRA probes super fund payments to unions

ANDREW MCKEAN  |  THURSDAY, 1 JUN 2023
... ongoing scrutiny into certain transactions. While refraining from naming any entities involved, she highlighted a particular case whereby funds were transferred from a super fund to "another entity". Cole said that APRA is examining the purpose behind ...

Risk of recession growing: Podcast

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... But of course, the Reserve Bank continues to surprise on the upside." He explained a big factor will be the minimum wage case and said if the federal government increases 6% or 7%, as requested by the Australian Council of Trade Unions (ACTU), it could ...

Inflation rises to 6.8%

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... inflation outlook - the risk that it remained too high for too long," he noted. However, he said the new CPI figures add a case for the RBA maintaining a tightening bias. "Our central case has the RBA on hold in June and the months that follow, the figures ...

Family office goals at odds with reality: UBS

JAMIE WILLIAMSON  |  WEDNESDAY, 31 MAY 2023
... from the operating business (41%), and investing excess cash from the operating business (33%). As to why this might be the case, one chief executive said: "How easily does your family talk about inheritance and hopes and dreams? These things are so ...

Active fund outperformance mostly short-lived: SPIVA

ANDREW MCKEAN  |  WEDNESDAY, 31 MAY 2023
... A-REIT and fixed income funds succeeded in maintaining consistent outperformance relative to their peers. Specifically, in the case of Australian Equity funds, only a fraction managed to consistently beat the S&P/ASX 200. Out of a total of 346 funds ...

JPMorgan developing investment advice AI

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
JPMorgan has filed a trademark for an AI-powered investment advisory tool, IndexGPT. It's envisioned IndexGPT will harness the power of "cloud computing software using artificial intelligence" to analyse and select securities that are tailored to ...

ASIC revokes Centurion subsidiary licence, suspends fund manager

ANDREW MCKEAN  |  WEDNESDAY, 24 MAY 2023
... services necessary for daily operations of its registered schemes but is barred from issuing new interests, except in the case of Link. The suspension order also allows Huntley Management to transfer or wind up any of its schemes.

Experience pathway could create two adviser tiers

KARREN VERGARA  |  TUESDAY, 23 MAY 2023
... experienced provider'. "Will the consumer assume that a relevant provider is not experienced? We know that's not the case. Will the consumer assume that an experienced provider doesn't have qualifications? We know that's not the case ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... risk assessments and disclosures by IG. According to ASIC data, losses are estimated to be around $800 million, with the case now filed in the Victorian Registry of the Federal Court. Also pertaining to the investment sector, AFCA discovered a financial ...