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Showing 891 - 900 of 6261 results for "DET"

ANZ fined $900k over shares disclosure failure

CHLOE WALKER  |  MONDAY, 11 DEC 2023
The Federal Court has slapped ANZ with a $900,000 fine for breaching its continuous disclosure laws about eight years ago. In October, the court found the banking giant had contravened continuous disclosure laws by failing to tell the market its underwriters ...

RBA names new chief economist

ANDREW MCKEAN  |  FRIDAY, 8 DEC 2023
The Reserve Bank of Australia (RBA) has appointed a chief economist and assistant governor to lead its Economic Group, which comprises the Economic Analysis and Economic Research departments. Sarah Hunter assumes the position, taking over from Luci ...

APRA flags premium volatility in superannuation group life insurance

ANDREW MCKEAN  |  FRIDAY, 8 DEC 2023
APRA has lifted the lid on the key sustainability challenges of group life insurance in superannuation, notably premium volatility and data availability. At the end of 2022, APRA conducted a survey involving RSE licensees, life insurers, and reinsurers ...

A third of Aussies want life insurance advice: Research

CHLOE WALKER  |  THURSDAY, 7 DEC 2023
New research commissioned by the Council of Australian Life Insurers (CALI) shows the number of people receiving professional life insurance advice remains low, despite a third showing interest. The survey polled over 1000 Australian workers aged between ...

QAR final response winds clock back, says FAAA

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
The Financial Advice Association Australasia (FAAA) is now rethinking its initial support of the government's response to the Quality of Advice Review (QAR), saying the latest proposals could "wind the clock back five years" on the industry. Today ...

Final QAR reforms open door to super funds

CASSANDRA BALDINI  |  THURSDAY, 7 DEC 2023
In its final response to the Quality of Advice Review (QAR), the government plans to modernise the best interests duty and amend the Statement of Advice (SoA), while also granting approval for superannuation funds to provide personal advice. In its ...

Nomura offshoot fined by ASIC disciplinary panel

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
ASIC's Markets Disciplinary Panel (MDP) has fined a Nomura subsidiary almost $700,000 for failing to comply with market integrity rules. Instinet Australia, the local arm of the global, Nomura-owned stockbroker, was issued the infringement notice after ...

Global X accelerates push to leapfrog local rivals

ANDREW MCKEAN  |  WEDNESDAY, 6 DEC 2023
Global X is intensifying efforts to challenge local ETF managers, targeting an ambitious growth in assets under management (AUM) by the end of 2024. The ETF manager, having reached $6 billion AUM in 2023, is now pursuing a goal of $10 billion by 2025 ...

Interest rates on hold as RBA pauses

CHLOE WALKER  |  WEDNESDAY, 6 DEC 2023
In its final decision of the year, the Reserve Bank of Australia (RBA) kept interest rates unchanged at 4.35%. The decision to hold spares borrowers a sixth interest rate rise in 2023, following a 25 basis point increase at its previous meeting in November. ...

Ultra-low fees define basic ETPs

ANDREW MCKEAN  |  TUESDAY, 5 DEC 2023
Exchange-traded products (ETPs) present investors with an opportunity to construct a diversified balanced portfolio at a remarkably low total cost of ownership. According to Rainmaker Information, investors can get a diversified balanced portfolio with ...