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| | | ... solutions for the managed account division. She also served as the Asia Pacific representative for the Mercer Research Ratings Review Committee. Before arriving at Mercer, she was part of the executive management team recruited to establish the retail ... |
| | | | Regulators are zeroing in on anti-greenwashing measures in the asset management sector, as well as tighter regulations on artificial intelligence (AI) and digital technology, according to a KPMG report. The report said that stopping companies from making ... |
| | | | ... cautioned that the deal remains subject to conditions precedent, including third-party consents, and Foreign Investment Review Board Approval, and various transaction and completion adjustments. Completion, nevertheless, is anticipated in Q2 2025. |
| | | | ... superannuation sector has set off alarm bells for the Reserve Bank of Australia (RBA). In the RBA's September Financial Stability Review, it said the super sector's growth and connections to Australian banks has increased its importance to financial ... |
| | | | ... for ASIC," she said. "The size of the penalty should send a strong deterrent message to others in the market to carefully review any sustainable investment claims." |
| | | | ... difficult for fund managers and super funds to meet ASIC's expectations. Earlier this month, ASIC released the findings of its review of product issuers' compliance with the design and distribution obligations (DDO), calling for them to improve their ... |
| | | | ... prejudgment interest of US$9.8 million. MIMBT also agreed to undertakings, such as retaining a compliance consultant to conduct a review of its policies and procedures relating to, among other things, valuation of CMOs and associated liquidity risks ... |
| | | | ASIC and the Reserve Bank of Australia (RBA) have been given new powers under new financial market infrastructure laws to enhance their licensing, supervisory, and enforcement abilities. The Treasury Laws Amendment (Financial Market Infrastructure and ... |
| | | | ASIC's case against Rest, in which it alleged the super fund misled members about their ability to transfer superannuation out of the fund, has been thrown out by the Federal Court. The case focused on Rest's past practices around rollover requests ... |
| | | | ... decision has been made to terminate both offerings. For both funds, Perpetual said Wheelhouse had conducted an extensive review and determined that "as the fund's day to day operating expenses and fees exceed the level of income generated by the ... |
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