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Showing 841 - 850 of 4166 results for "Action"

Goldman Sachs charged over ESG failures

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022
... avoid providing investors with information about these products that differs from their practices." The SEC added that the action reinforces the need for firms to develop and adhere to policies and procedures over their investment processes, including ...

Fortnum launches new adviser support service

CASSANDRA BALDINI  |  TUESDAY, 22 NOV 2022
Fortnum Private Wealth has launched a Business Optimisation Service (BOS) to help advisers improve the quality, profitability, and capital value of their businesses. The BOS program is currently being rolled out across Fortnum's network of over 90 practices ...

APRA proposes safeguards against risk events in super

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
APRA has proposed to replace the existing Prudential Standard SPS 114 Operational Risk Financial Requirement (SPS 114) with enhanced obligations for trustees, to improve how they manage financial resources to protect fund members from poor operational ...

ASIC accepts EU firm from advice firm

CASSANDRA BALDINI  |  TUESDAY, 15 NOV 2022
... the 2016-2017 and 2017- 2018 FYs in relation to s946C of the Corporations Act. ASIC found Smith failed to take sufficient action to prevent breaches until September 2017 and failed to notify the regulator until September 2021. It explained that during ...

Magellan seeks $1m increase to director fees

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
... dumped $118.3 million of his shares in the company, a partial sale. Douglas explained that his rationale for the selling action was for family diversification purposes, he then expressed full confidence in the Magellan investment team. In June, Douglas ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
ANZ has agreed to pay $42 million to settle a class action regarding consumer credit insurance (CCI) products. Commonwealth Bank has also reached a settlement for a similar matter. Slater and Gordon filed the class action against ANZ, OnePath Life ...

Hopes for action at "implementation" COP27

RACHEL ALEMBAKIS  |  MONDAY, 14 NOV 2022
... at COP26. However, others have called it an accountability COP, meaning that participants will be held responsible for action - or lack thereof - on meeting the ambitious targets to try to limit global warming to 1.5 degrees. "We always knew this was ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... members, elevating previous guidance. Specifically, SPS 515 will require RSE licensees to have in place triggers for remedial action to address business performance reviews issues, including escalation steps in preparedness to undertake a complete or ...

Pathzero names chief sustainability officer

CHLOE WALKER  |  MONDAY, 7 NOV 2022
... specifically designed for asset managers regardless of where they are on their climate journey, giving them the tools to take action to comply with the global emissions reporting standards while upholding fiduciary duty and improving their brand image," ...

Westpac updates on strategic priorities

CASSANDRA BALDINI  |  MONDAY, 7 NOV 2022
In releasing its full-year results, Westpac has provided an update as to its simplification efforts. The banking giant said one of its main priorities is the continued simplification of its business. Portfolio simplification relating to the businesses ...