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Showing 901 - 910 of 4221 results for "Action"

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 ...

ASIC probes super fund, investment manager greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 4 NOV 2022
... relation to their claimed green credentials," Longo said in a speech at the ASIC Annual Forum. Last week, ASIC took its first action for greenwashing against ASX-listed energy company Tlou Energy. Tlou paid a total of $53,280 to comply with four infringement ...

APRA slaps extra conditions on Insignia trustees

JAMIE WILLIAMSON  |  FRIDAY, 4 NOV 2022
The prudential regulator has placed additional conditions on Insignia Financial's RSE licence over governance and risk management issues, including delaying the transfer member benefits to other funds. The additional conditions apply to IOOF Investment ...

Federal Reserve raises rates 0.75%

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
The US Federal Reserve has raised its policy interest rate by 75 basis points, flagging ongoing increases will be necessary to bring inflation down to target. Following the central bank's decision, the federal funds rate benchmark sits between 3.75% ...

Investment teams hire two men for every woman: Study

JAMIE WILLIAMSON  |  WEDNESDAY, 2 NOV 2022
... the benefits that diverse teams can bring, there sadly remains little evidence to suggest this is translating into hard action," Redington vice president Sarah Miller said. "We would urge managers to contend with the lack of diversity within their teams ...

Interest rates will jump to slay "the evil of inflation": Lowe

ANDREW MCKEAN  |  WEDNESDAY, 2 NOV 2022
At the Reserve Bank of Australia (RBA) board dinner, governor Phillip Lowe expressed that interest rates will need to go higher to bring inflation back to target. After a seventh straight rate rise, whereby the bank lifted the interest rate to 2.85% ...