TheAustralian and New Zealand Standard Industrial Classification (ANZSIC)is a vital framework developed collaboratively by the Australian Bureau of Statistics (ABS) and Statistics New Zealand (Statistics NZ). Designed for use in both countries, ANZSIC facilitates the production and analysis of industry ...
However, if just one non-wholesale investor accepts an offer to wholesale investors in New Zealand and is issued with the product, the offer is deemed to be retail and will at that point be in breach of the NZ FMC Act unless the requirements of the NZ FMC Act ...
ASIC and APRA have released the public notes on the fourth Superannuation CEO Roundtable held on Monday 29 May 2023. The Roundtable was hosted by ASIC Commissioner Danielle Press and APRA Deputy Chair Margaret Cole. It was attended by 14 superannuation trust...
A similar Australian case,McVeighv.Retail Employees Superannuation Trust, was settled when the defendant agreed to implement a Net Zero 2050 goal for the fund, and to measure, monitor and report climate progress in line with the Recommendations of the Task Force on Climate-related Financial Disclo...
One final caution. Be sure that whatever global fund you choose includes the US market. It is a huge chunk of the world economy and you can’t afford not to own a part of it. Many ‘international” funds, especially those offered by US-based firms like Vanguard, are “ex-US stocks...