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Showing 71 - 80 of 11627 results for "Risk"

Government promises transparent financial services regulation

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
... initiative for several years. COBA chief executive Mike Lawrence said significant regulatory change will continue as the risk environment becomes more complex and dynamic. "The introduction of a regulatory grid means better coordination and mapping of ...

Hostplus rejects anti-competitive behaviour claims

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... stake in Employment Hero. Hostplus is also worried that WMPs will negatively influence employees post-onboarding. "There is a risk that WMPs may seek to advertise superannuation products once an employee has already been onboarded - for example, to prompt ...

Philip Lowe joins LIC board

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... the end of December 2023. FGX and FGG have made a social impact investment that focus on Australian children and youth at risk worth $37.8 million. The LIC's founder and director Geoff Wilson said: "We are excited to work with Phil, who brings a ...

Managed account FUM closes in on $200bn milestone

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... 12.11% in 2023," Milliman practice leader, Australia Victor Huang said. "The subsiding inflation data, receding recession risk, along with the tech sector growth were key drivers for the strong equity performance and provides a positive platform for ...

MetLife chair Geoff Brunsdon retires after 13 years

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
... as we transform our business, leveraging technology to help us deliver a better customer experience and manage operational risk," Nunn said. "As we do this, we will benefit from Nicola's extensive governance experience..." In addition to the new chair ...

Experts issue warning over AI washing

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... McKinsey report claimed that generative AI adoption in financial services could fundamentally reshape employee tasks, from risk assessments and fraud detection to software development and customer service. It projects that nearly one-third of task hours ...

Government consults on options to improve performance test

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... single-metric benchmark portfolio that only evaluates investment strategy execution without considering strategic decision-making or risk management. Moreover, the difficulty in benchmarking unlisted assets and the lack of consensus on appropriate indices ...

Unmet financial advice needs affect millions in Australia

ANDREW MCKEAN  |  FRIDAY, 8 MAR 2024
... report indicated persistent barriers to accessing advice, with the most demand for guidance on investment strategy, longevity risk, and superannuation growth. Investment Trends head of research Irene Guiamatsia said that despite these barriers, the perceived ...

Overhaul of TPD structure, pricing needed: MLC Life

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... three months or less savings to get them through a disability impacting their ability to work, and women are particularly at risk, according to new research by MLC Life Insurance. The research, conducted by Freshwater Strategy for MLC Life, comprised ...

Baby boomers turn to local private debt: Research

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... record in downside protection. The asset class is also said to pay monthly or quarterly income and greatly mitigate sequencing risk for lower-balance retirees who may need to draw down on capital periodically. "We note Challenger, the country's largest ...