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22 December 2016 • By Reporter • 1 min read

Westpac faces court over fiduciary duty failures

ASIC has commenced civil penalty proceedings against two Westpac subsidiaries for potential contraventions of FOFA compliance requirements

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Super stress testing needs ‘further enhancements’

Australian superannuation trustees are not optimising the amount of liquidity they hold and improvements need to be made to their liquidity stress ...

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Asset managers updating hiring practices: PwC

Asset management firms are updating their hiring practices to better meet mounting pressure from regulators, PwC has found. A global survey of ...

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S&P Global Ratings ‘pessimistic’ on budget deficit

The Australian government’s mid-year budget update has done little to restore confidence in the country’s ability to maintain its AAA credit rating, ...

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Australian share strategies post positive returns

Australian share fund managers posted generally positive results for November, according to research house Morningstar, though the median manager’s ...

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New distribution head for AMG

Global asset manager Affiliated Managers Group has appointed Hugh Cutler to the role of vice president and head of distribution. Mr Cutler was ...

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New event to focus on adviser scale and profit

Momentum Media has announced the theme and agenda for the ifa Business Strategy Day roadshow in 2017, helping financial advisers scale and grow their ...

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Super calculator deadline extended

ASIC has delayed the commencement of new requirements for superannuation calculators to accommodate for recent reforms to the system. The ...

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Budget deficit worsens, AAA rating vulnerable

Australia's federal budget deficit is projected to increase by $10.4 billion over the forward estimates, according to the government's Mid-Year ...

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WA Super names new chief executive

Industry fund WA Super has named Fabian Ross as the business’ new chief executive, replacing the retiring John McNally. Mr Ross has worked in the ...

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