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Showing 971 - 980 of 8715 results for "Regulator"

Operational risk reserve targets trimmed for larger funds

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
... benefit." However, trustees will still need to notify APRA if they decide to make a change to their ORFR target amount. The regulator said it received a total of 11 submissions to the consultation, which occurred in February, and said the majority were ...

Down but not out: Busting defined benefit myths

ANDREW MCKEAN  |  WEDNESDAY, 23 OCT 2024
Many see defined benefit (DB) funds as dead - dinosaurs of the retirement world. Nevertheless, they're important to the retirement ecosystem, according to Challenger institutional client solutions director Meher Edibam. While most DB schemes are closed ...

Citi Australia snags J.P. Morgan executive

MATTHEW WAI  |  WEDNESDAY, 23 OCT 2024
Citi Australia has appointed Elizabeth McAlpine as chief risk officer and head of corporate credit risk. McAlpine has over two decades of experience in risk management and corporate banking. She enjoyed a 20-year stint at J.P. Morgan, where she was ...

APRA prioritises supervision of trustee spending

JAMIE WILLIAMSON  |  TUESDAY, 22 OCT 2024
The prudential regulator is clamping down harder on super trustees' spending, saying it has identified "deficient" and "questionable" practices among funds. APRA deputy chair Margaret Cole has informed all RSE licensees that it will be intensifying ...

Regal indicted for alleged short-selling breach

KARREN VERGARA  |  MONDAY, 21 OCT 2024
Regal Partners has been indicted by the South Korean securities watchdog after a former employee allegedly breached the country's tough short-selling rules. The Korean Prosecutor's Office issued an indictment against Regal and its former employee ...

ESSSuper shifts members to new default option

KARREN VERGARA  |  MONDAY, 21 OCT 2024
ESSSuper is moving members in its default investment option to the newly launched Balanced Growth Managed option. Members currently in the Balanced option will move to the Balanced Growth Managed option for Accumulation Plan and beneficiary accounts ...

ASIC makes key appointments to executive team

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... Analysis Centre (AUSTRAC), Australia's financial intelligence and anti-money laundering and counter-terrorism financing regulator. He will commence in November. Soros currently holds the position of deputy chief executive regulation, a position he has ...

Super fund fees exploit Australians' low financial literacy

ANDREW MCKEAN  |  WEDNESDAY, 16 OCT 2024
Vanguard Investments Australia managing director Daniel Shrimski believes Australians would be shocked to learn how much is being drained from their retirement savings through super fund fees. New research commissioned by Vanguard, conducted by CT Group ...

Zenith appoints new head of research

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2024
Zenith Investment Partners has appointed Grant Kennaway to the new role of group head of research, with accountability for both investment and super fund research across the Australian business. In this role Kennaway will be responsible for leading ...

Property fund management firm loses AFSL

MATTHEW WAI  |  TUESDAY, 15 OCT 2024
ASIC has stripped the Australian financial services licence (AFSL) of Aretean Ltd Pty, trading as Aretean Capital, following the fund manager's failure to comply with its obligations. Aretean Capital boasts assets under management of over $250 million ...