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Showing 71 - 80 of 1832 results for "Application"

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... "high risk" and scares the member into thinking funds will go to the government upon death. The member is then sent application forms to switch funds and invoiced for advice that was not provided. The member is then charged thousands of dollars in fees ...

BlackRock Bitcoin ETF: A landmark institutional event?

ANDREW MCKEAN  |  MONDAY, 26 JUN 2023
... spot Bitcoin ETF, despite two prior rejections by the SEC. Invesco has also entered the fray, reactivating its old application. Sidelska said: "If you have a powerhouse like BlackRock that shows the process that needs to be followed to gain SEC approval ...

Senate report labels PwC breach calculated, deliberate

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
... PwC were ignorant" to what was going on. The report suggests the cover up involved the inappropriate and incorrect application of legal professional privilege to prevent the release of documents related to the breach as well as other cases the firm had ...

Advance Asset Management ceases direct distribution

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2023
... already primarily wholesale investors or invested via a platform and that the change is being made to simplify the application process and future distribution strategy. In a statement to Financial Standard, Mercer said the change in distribution strategy ...

Macquarie shifts toward AI-first banking

CASSANDRA BALDINI  |  WEDNESDAY, 21 JUN 2023
... technology and cashflow prediction features. Transfer prediction, process automation and further enhancements of loan application and payment fraud detection will also be available. "Macquarie will also work with Google Cloud to embed artificial intelligence ...

Consultation opens on NALI reforms

ANDREW MCKEAN  |  TUESDAY, 20 JUN 2023
... announced in the 2023-24 Budget. The bill contains amendments to the Income Tax Assessment Act 1997 which limits the application of the non-arm's length expense (NALE) rules to SMSFs and SAFs. Under the current law, the non-arm's length expense (NALE) ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... have made an active decision about how to invest their retirement savings," AMP said in a statement. AMP sees the application of a one-size-fits-all testing methodology to superannuation wrap investment options will undermine the ability for consumers ...

BlackRock files for bitcoin ETF

ANDREW MCKEAN  |  FRIDAY, 16 JUN 2023
... ETFs from asset managers Valkyrie and Kryptoin. Previously, the regulator also rejected a Cboe BZX Exchange's application for a VanEck spot bitcoin ETF. The creation of the iShares Bitcoin Trust comes amid a period of extreme volatility for many ...

Banned adviser told to stay put

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... leave or attempt to leave Australia. Interim travel restraint orders were made on June 11 following the regulator's application. The orders, made on an ex parte basis without Ridgway's presence, require him to deliver his passport to the Brisbane Registry ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... underpaid nearly 16,000 employees between May 2014 and March 2022. The issue stemmed from the bank's inconsistent application of the 'Rostered Employee' clause in its Enterprise Agreements. The blunder affected both current and former employees in Suncorp's ...