Financial stress takes a toll: TAL research
A recent research study by life insurer TAL has highlighted the impact of financial stress on employees and the role of financial literacy in mitigating it.
Industry UpdatesSeptember 25, 2023
State Street opens new headquarters, brand refresh
State Street Corporation has opened its new global headquarters building at One Congress Street, located in the Bullfinch Crossing area of downtown Boston, US.
Industry UpdatesSeptember 22, 2023
Maple-Brown Abbott gets Future Fund small caps mandate
Maple-Brown Abbott has been chosen by the Future Fund to execute a new Australian active small caps mandate as they selectively pursue alpha-seeking strategies in their $65 billion listed equities program.
Industry UpdatesSeptember 22, 2023
Federal Court fines NAB $2.1m for unjust banking fees
The Federal Court has ordered NAB to pay a $2.1 million penalty for wrongly charging customers periodic payment fees.
Industry UpdatesSeptember 22, 2023
APRA announces proposed updates to SPS 515
APRA is updating Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) to drive better outcomes for superannuation members in areas such as trustee expenditure of member funds, management of financial resources, and the transfer of members in and out of funds.
Industry UpdatesSeptember 21, 2023
ASIC finalised over a thousand AFSL applications in FY23
ASIC finalised over 1000 Australian Financial Service Licensee applications in the last financial year.
Industry UpdatesSeptember 21, 2023
HESTA welcomes Victoria’s 2024-34 Housing Statement
Industry super fund HESTA has welcomed the Victorian Government’s 2024-34 statement on housing and the partnership approach to foster the conditions necessary to stimulate investment and expedite the construction of high-quality homes.
Industry UpdatesSeptember 21, 2023
Global housing resilient amid inflation surge: UBS Report
The world’s housing markets have displayed remarkable resilience in the face of a global surge in inflation and interest rates, according to the UBS ‘Global Real Estate Bubble Index 2023’.
Industry UpdatesSeptember 21, 2023
ASIC sues crypto exchange Kraken for DDO failures
ASIC has commenced civil penalty proceedings in the Federal Court against Bit Trade, the provider of the Kraken cryptocurrency exchange to Australian customers.
Industry UpdatesSeptember 21, 2023
MLC Life launches adviser discounts
MLC Life Insurance has launched a campaign called “It’s not a miscount” to promote its new business pricing, including discounts that are available to retail customers through their adviser.
Industry UpdatesSeptember 21, 2023
New adviser registration requirement delayed to 2024
ASIC is extending the date by which financial advisers must be registered to 1 February 2024, due to the relevant legislation being stalled in Parliament.
Industry UpdatesSeptember 20, 2023
Interactive Brokers pays $832k penalty for ‘negligent’ and ‘reckless’ conduct
Interactive Brokers Australia has paid a penalty of $832,500 to comply with an infringement notice from the Market Disciplinary Panel.
Industry UpdatesSeptember 20, 2023