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11 January 2021 • By Sarah Simpkins • 1 min read

Deutsche Bank cops $155.6m fine

The SEC has laid charges against Deutsche Bank for violations of the Foreign Corrupt Practices Act, with the financial services giant agreeing to ...

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HESTA names portfolio construction, risk manager

HESTA has appointed a Frontier Advisors senior staff member as its new general manager of portfolio construction and risk, under the fund’s reshaped ...

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Douugh secures ethical investments app

Neobank Douugh has moved to expand its wealth offering, in a $1.5 million acquisition of Millennial-focussed, responsible investing app ...

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Regulator approves COVID complaints relief for banks

Banks will be able to extend customer wait times to deal with a complaint under new variations to the industry code of practice approved by ASIC that ...

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ASIC slow to act on conflicts of interest

The corporate regulator has revealed that its internal conflict of interest rules for staff and commissioners had not been reviewed for almost 18 ...

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Global fund manager appoints new CEO

The investment manager has poached the chief executive of Aviva Investors to head up its business after its previous CEO moved on to a new role within ...

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ASIC rebukes claims of ‘inadequate’ expenses handling

New responses to a parliamentary committee reveal why ASIC chose to delay sending vital documents around chair James Shipton’s accounting expenses to ...

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US Senate results to power further growth

The US Democrats’ surprising victory in the Senate run-off elections set off a wave of political chaos in Washington, but is broadly positive news for ...

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Retirement time bomb requires complex thinking

The majority of Australia’s super assets now sit in the hands of retirees and pre-retirees, but many require more nuanced investment strategies to ...

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Early super access could be less than expected

Money accessed through the early release of super scheme looked to be coming in under the government’s revised expectations as the scheme drew to a ...

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