The latest issue of Financial Standard now available as an e-newspaper
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|In a new report, the Finance Sector Union has delved into how the industry's "capitalist ethics" violate the ethical integrity of workers. The report was commissioned by the FSU and completed by the Religion and Social Policy Network of the University ...|
|... MLC has introduced a new advice business to the market, retiring the Apogee, Garvan and Meritum brands and appointing a general manager to lead the venture. Following on from the announcement in August last year that Apogee, Garvan and Meritum would ...|
|... than 50% of the proceeds from the action. In announcing the inquiry into litigation funders and class actions, Attorney General Christian Porter said he was concerned that a boom in the litigation funding industry was not corresponding in better outcomes ...|
|... coming months. "The last two months has seen amazing changes sweep across global economies, industries and society in general - ideas that would have otherwise taken years and years to gain traction are being rapidly embraced and old ideologies cast ...|
|... to March, according to an updated SPIVA Australia Scorecard from S&P. In January, only 21.6% of Australian equities (general category) funds beat the benchmarks but as the year progressed, the slice of managers beating the index grew bigger. By February ...|
|... of Australia has announced the appointment of Andrew Hall as chief executive and executive director, set to assist the general insurance industry as its readies itself to face the challenges of the COVID-19 recovery. Hall's illustrious career spans ...|
|... "In some cases, the whole of the lost superannuation recovered ends up paid out in fees," Eccleston said. Poor quality general and personal financial advice was sighted by the regulator as concerning conduct it has identified. Issues with fees for no ...|
|A global network of companies, including ASX-listed Australian Ethical, is urging governments to pay heed to climate science in their COVID-19 recovery plans. UN Global Compact includes 155 companies that employ over five million people and have a combined ...|
|A new report surveying 296 of Australia's listed companies has highlighted the strides made in diversity at a board level, as well as those needing significant improvement. The Board Diversity index, published by the Governance Institute of Australia ...|
|... subdued, they were still significant. Colonial First State had paid out $473 million to members by Friday,May 7. CFS general manager product, marketing and remediation Kelly Power said those figures are in line with CFS' expectations. "CFS supports measures ...|
Victoria Funds Management Corporation has promoted a senior portfolio manager to head of equities, and hired from outside the company to fill the vacant role
COVID-19 has seen more than half a million Australians lose their jobs and countless businesses shuttered but for SMSF trustee landlords offering rent relief to those facing financial hardship could mean they fail to meet the sole purpose test.
Liberal MP Tim Wilson has written to APRA chair Wayne Byres urging the regulator to conduct an investigation into vertical integration at industry super funds and related conflicts of interest.
A corporate superannuation fund has pushed back its date of a planned successor fund transfer to Sunsuper by a year and is prepping members for potential future delays from COVID-19.
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