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Showing 241 - 250 of 5478 results for "Regulatory"

Robo-adviser reaches US$50bn milestone

KARREN VERGARA  |  MONDAY, 20 NOV 2023
... meanwhile, look to be grappling with the current economic environment, spooked investors, muted client interest, and regulatory strangulation. A new analysis by KPMG, the Australian fintech survey report 2023, highlights that more than half of fintechs ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... retire in 2050 if trustees were permitted to move them to contemporary products without incurring tax penalties or regulatory barriers if they are currently invested in a legacy product. "A product modernisation regime would support the government's ...

Government consults on reforms to merger rules

CASSANDRA BALDINI  |  MONDAY, 20 NOV 2023
The government has kicked off its consultation on merger rules and processes to improve competition and productivity while lowering costs to ensure better outcomes for Aussies. According to the government's Merger Reform consultation paper, Australia's ...

AFCA tightens wholesale investor remit

KARREN VERGARA  |  FRIDAY, 17 NOV 2023
It may be tougher for wholesale investors looking to the Australian Financial Complaints Authority to help resolve a dispute as the authority tightens its rules on how it assesses their complaints. AFCA will shortly update its operational guidelines ...

Super funds missing out on rich returns from Aussie agriculture

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
... comparatively attractive. In contrast to their international counterparts, the asset consultant explained that high fees and regulatory hurdles like RG 97 and APRA's super heatmap make agriculture investments less appealing for local funds, despite its ...

ASIC strips institutional broker's AFSL

ANDREW MCKEAN  |  THURSDAY, 16 NOV 2023
ASIC has suspended JB Markets' Australian financial services licence (AFSL), restricting the firm to only terminating existing client arrangements. The corporate regulator revoked JB Markets' AFSL due to non-compliance with financial requirements and ...

CQS sold to Manulife Investment Management

CASSANDRA BALDINI  |  THURSDAY, 16 NOV 2023
... alternative credit strategies, including corporate credit (loans and bonds), ABS, collateralised loan obligations (CLOs), regulatory capital, convertible bonds, and structured credit. According to CQS, it also has ESG principles integrated throughout ...

ATO recoups $684m in unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
The ATO has recouped and distributed $684 million in unpaid superannuation entitlements to funds and individuals, while also raising over $1.3 billion in super guarantee charge liabilities through compliance actions in the 2022-23 financial year. During ...

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... enforcement action in the superannuation sector, focusing on member outcomes in 2024. Baring its teeth in an enforcement and regulatory update released today, the corporate regulator signalled that tackling misconduct is a "key priority" and requisite ...

APAC looks to data-driven future: State Street

CHLOE WALKER  |  WEDNESDAY, 15 NOV 2023
... decisions from that." In Australia, these data insights are increasingly important to asset owners because of increasing regulatory pressure. It is also key to asset managers as consolidation and inorganic global expansion ramps up, creating similar ...