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Showing 91 - 100 of 7413 results for "System"

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
Major bank Westpac has copped a $26 million fine for neglecting customers facing financial hardship over a six-year period. The Federal Court found the bank failed 277 customers facing financial troubles by not providing a written response to their ...

Heightened cyber threats require greater accountability on governance

MATTHEW WAI  |  WEDNESDAY, 27 MAY 2026
... foundation. He said as Eightcap continues to scale, the business was outgrowing its legacy customer relationship management (CRM) system, which creates compliance risks in many ways. "We have many tools that the team had to use across sales and support ...

FAAA pushes for 'fundamental' changes to CSLR

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
... for small businesses and should be limited to $20 million. Under the Enhancing member protections in the superannuation system consultation, the FAAA is opposing the proposed waiting period model for inter-fund superannuation switching, saying it already ...

MPC Markets partners with HeirWealth

VINNY VUCAGO  |  TUESDAY, 26 MAY 2026
MPC Markets has selected HeirWealth Atlas to power the portfolio reporting capabilities within its Mosaic client platform. The partnership will provide MPC Markets advisers with consolidated multi-asset reporting, automated branded review documents ...

Cbus pushes for lead generator ban

VINNY VUCAGO  |  TUESDAY, 26 MAY 2026
... targeting. Cbus chief executive Kristian Fok said the activity represented a growing threat to confidence in superannuation system and should be outlawed. "Compulsory superannuation is the envy of the world and utterly vital for everyday Australians ...

ATO sounds alarm as Payday Super deadline nears

VINNY VUCAGO  |  MONDAY, 25 MAY 2026
... July 1, warning businesses have just five weeks remaining to prepare for one of the biggest changes to the superannuation system in years. ATO deputy commissioner Emmer Rosenzweig said more than half of employees are still playing superannuation quarterly ...

AFCA appoints lead superannuation ombudsman

VINNY VUCAGO  |  MONDAY, 25 MAY 2026
The Australian Financial Complaints Authority (AFCA) has appointed Paul Woodburn as its new lead ombudsman superannuation, succeeding Heather Gray, who had served as lead ombudsman superannuation since 2020. Woodburn commenced in the role on May 25 ...

Platforms should be wary of cutting options: Experts

RIDDHIMA TALWANI  |  FRIDAY, 22 MAY 2026
... in Sydney, BT Financial Group chief executive Matt Rady noted the role of platforms as a core component of the financial system enabling efficient transition of capital, and it would be dangerous for platforms to shrink options too much. "The capital ...

ASIC backs Australia's fintech edge as AI reshapes financial services

VINNY VUCAGO  |  FRIDAY, 22 MAY 2026
... artificial intelligence (AI), digital finance and regulatory technology become increasingly embed across the financial system. New research commissioned by ASIC and conducted by the Digital Finance Cooperative Research Centre found fintech and regtech ...

Super fund-backed AFSL adviser numbers drop: Rainmaker

RIDDHIMA TALWANI  |  FRIDAY, 22 MAY 2026
... investment selection, contribution optimisation, and insurance guidance. "However, given the pace and scale at which the system is growing, this is no longer sufficient," the report said. "Super funds are now beginning to combine internal capability-building ...