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Showing 1 - 10 of 17200 results for "ACT"

Funds SA appoints chief investment officer

ANDREW MCKEAN  |  FRIDAY, 6 DEC 2024
Funds SA has appointed a new chief investment officer, who will join from Hostplus, to commence in February 2025. Hostplus deputy chief investment officer Con Michalakis, who assumed the role in March 2022 after the merger between Hostplus and Statewide ...

South Australian financial adviser slapped with seven-year ban

ANDREW MCKEAN  |  FRIDAY, 6 DEC 2024
... business. ASIC found that Davis, in relation to derivatives, provided unlicensed advice and dealing services, and failed to act in clients' best interests. The corporate regulator added that he gave inappropriate advice, failed to provide Statements ...

World on the brink: Frontier Advisors

ANDREW MCKEAN  |  FRIDAY, 6 DEC 2024
The global economy stares down "unprecedented challenges" in 2025, according to Frontier Advisors' annual secular outlook, which forecasts rising risks from unsustainable debt, geopolitical rifts, and climate inaction. The report said after spiking ...

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
... Supreme Court of Victoria ruled the case invalid saying prospective losses are not considered a loss under s 55(3) of the SIS Act. The case was then moved to the Federal Court, with Maurice Blackburn saying the loss came in the form of the higher fees ...

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... Financial abuse: An insidious form of domestic violence, the committee recommended the Superannuation Industry (Supervision) Act 1993 is amended so a beneficiary who perpetrated domestic or family abuse, including financial abuse and domestic violence-related ...

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
Assistant Treasurer Stephen Jones said the purpose of Tranche 2 of Delivering Better Financial Outcomes (DBFO)- which was previewed earlier this week - is to allow super funds to provide basic financial advice, not to see a repeat of issues raised during ...

GESB renews administration mandate

JAMIE WILLIAMSON  |  THURSDAY, 5 DEC 2024
... to Western Australia's economy and community." The announcement of the renewal follows changes to the State Superannuation Act 2000 being passed by both Houses of Western Australia's Parliament that will allow GESB members to continue directing their ...

New investment fund to drive gender equality

MATTHEW WAI  |  THURSDAY, 5 DEC 2024
... the dial and overcome the outdated norms that hold our entire country back, we need changemakers that are ready to speak up, act and embrace collaboration. This is why we're proud to be standing alongside Future Generation as it champions investment ...

Commonwealth Bank names chief economist

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
Commonwealth Bank (CBA) has appointed Luke Yeaman as its new chief economist and head of global economic and markets research. Yeaman is currently a deputy secretary in the Department of Treasury and head of their macroeconomic group, a position he's ...

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
The government has provided clarity on the second tranche of the Delivering Better Financial Outcomes reforms, offering more detail around what's included and confirming the remit of its 'new class of adviser.' The second package of reforms is aimed ...
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