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Showing 61 - 70 of 1718 results for "disclosure"

ASX profits hit by CHESS setbacks, acts on review findings

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
The ASX reported a 37.6% plunge in statutory net profit to $317.3 million, largely weighed down by hefty CHESS replacement costs. The securities exchange finished the financial year with an underlying net profit after tax (NPAT) of $491.1 million, marking ...

Active Super to face action over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023
... at 30 June 2023," the regulator said. ASIC alleges ESG misrepresentations were made on Active Super's website, disclosure documents and on Facebook, Instagram and LinkedIn. "There is much competition among super funds for new members, and we know ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... Islamic requirements and the regulatory requirements are generally complimentary of one another, especially around fee disclosure, transparency, and working in the client's best interest," he said. Hejaz is aiming to attract over 3500 members, managing ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
... methodology, "the descriptions of the exclusionary screens published by the index provider and within Vanguard's Product Disclosure Statement (PDS) were not sufficiently detailed." Vanguard noted it has undertaken "a range of measures to strengthen ...

Trustees to disclose more remuneration details

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... incentivising the wrong kinds of behaviours," he said. "One way to combat this is through heightened transparency. The disclosure obligations will shine additional light on how executives are incentivised and on the consequences for poorly managed risk." ...

Acadian employs ChatGPT to assess climate targets

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 AUG 2023
Acadian Asset Management is using the technology underpinning ChatGPT to predict whether companies are likely to achieve sustainability targets. The Acadian Net Zero Alignment Model integrates large learning models (LLM), the type of AI algorithm that ...

Charter Hall offloads UNSW asset

CHLOE WALKER  |  MONDAY, 31 JUL 2023
... financial discipline and acting in the best interest of its investors." Charter Hall added that in line with its product disclosure statement, PFA offers investors liquidity windows every five years. "PFA accepted all redemption requests received in ...

ASIC sues Vanguard for greenwash in bond fund

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023
... and we consider this constitutes another example of greenwashing." ASIC alleges Vanguard misled the public in Product Disclosure Statements published between 7 August 2018 to 17 February 2021, a media release issued in August 2018, in statements on its ...

Institutions must raise the bar on cybersecurity resilience: APRA

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
... sensitive information assets and said without these measures it's hard to protect data from unauthorised access or disclosure. It further flagged limited assessment of third-party information security capabilities and said it's a concern as more ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
... ASIC's review identified compliance gaps. In fact, all but one of the 12 trustees failed to ensure their practices or disclosure aligned with their legal obligations. "While no significant individual member impact was identified in our review, we were ...