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Showing 1071 - 1080 of 4166 results for "Action"

Major legislations hit parliament

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... planners - should be the first line of defence to address consumer compensation. For the past nine years there has been no action to monitor insurance coverage in the profession and ensure it is adequate to provide the legally required protection for ...

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... they need to lift their games. Trustees are expected to identify the reasons for their underperformance and take prompt action to address those issues," she said.

Sunsuper, QSuper merger legislation passes

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
... change. Earlier this year QSuper, along with Sunsuper, was accused of lagging behind its peers when it comes to climate action. This month QSuper said a rebalancing of its global equities portfolio has seen a substantial reduction in carbon emissions ...

CFS joins firms in net zero alignment

ANNABELLE DICKSON  |  THURSDAY, 28 OCT 2021
... to demonstrate advancement towards the 2030 target. CFS also became a signatory to the investor-led initiative, Climate Action 100+, which ensure the world's largest corporate greenhouse gas emitters take necessary action on climate change. "There is ...

Unlisted asset valuation processes largely inadequate: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 27 OCT 2021
... framework when it came to the alteration of valuation adjustments. Inconsistent levels of RSE licensee consideration and action for different classes of unlisted assets were also identified. It also found that often a fund's board and management teams ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
... quantitative analysis, both ex-ante and ex-post, guiding these important decisions." APRA said it is considering whether further action is required in some of the cases that were reviewed. While some of the campaigns reviewed have since ceased, those ...

ASIC sues former Freedom Insurance staff

KARREN VERGARA  |  MONDAY, 25 OCT 2021
... cover. Some of the incentives sales agents could qualify for included overseas holidays and a Vespa scooter. ASIC is taking action following the Hayne Royal Commission's case study of Freedom Insurance, which is now in liquidation. In one instance ...

Rest firms up net zero pathway

ELIZABETH MCARTHUR  |  THURSDAY, 21 OCT 2021
... material financial risk to our members' retirement savings and it's critical that the global community takes collective action to meet the goals of the Paris Agreement," Rest chief investment officer Andrew Lill said. "With $66 billion in funds under ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
... not-for-profit and retail super funds. In the last decade, super fees have fallen by a quarter, with about half of the action taking place in the last three years alone. Six in 10 default MySuper products reduced fees in 2020/21, with fees now averaging ...

Advisers query super changes

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... an SMSF provided rental relief to a tenant happens which happens to contravene the super laws, the ATO will not take any action against the fund so long as the relief is on commercial terms due to financial impacts of the pandemic. This also applies ...