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Showing 1091 - 1100 of 7374 results for "System"

Rest closes investment options, shifts allocations

ANDREW MCKEAN  |  FRIDAY, 25 AUG 2023
... than a quarter of a million examples of the power and value of reform efforts to build a fairer and more equitable super system. This finding highlights the benefit to Rest members, but it's likely many more working Australians are now receiving super ...

Evolution Trustees responds to likely wholesale definition change

JAMIE WILLIAMSON  |  FRIDAY, 25 AUG 2023
In anticipation of regulatory change, Evolution Trustees has established a division to help investment houses transition their wholesale funds to retail. The move is in response to Treasury's review of managed investment schemes and consultation on ...

Treasury names new ASIC commissioners

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... be powerful advocates for Australian consumers and investors, and for maintaining the integrity of Australia's financial system. I look forward to working with them." Treasurer Jim Chalmers said: "On behalf of the Albanese Government, I thank outgoing ...

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... about 2.0% of GDP by the fiscal year 2062-63. Meanwhile, the total projected annual cost of Australia's retirement income system is expected to remain relatively steady over the next 40 years, at around 4.0 to 4.5% of GDP, despite population ageing ...

ClearView reset pays dividends

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
ClearView's decision to target the life insurance market solely is paying off as it grows its in-force premiums during the 2023 financial year and new business pours in. ClearView's new business sales was driven solely by its ClearChoice products suite ...

ISA, AIST announce merger to form new organisation

ANDREW MCKEAN  |  TUESDAY, 22 AUG 2023
Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustees (AIST) are merging, announcing a new unified organisation to represent profit-to-member superannuation funds. In a joint statement, ISA and AIST said the merged entity ...

DB Results launches policy admin system

CHLOE WALKER  |  MONDAY, 21 AUG 2023
The tech company has developed the first cloud-native, low-code policy administration system (PAS) for the life insurance sector. The regulator-approved solution aims to meet the exacting needs of the insurance sector and can be custom-designed for ...

Iress sells MFA business, reports $140m loss

CASSANDRA BALDINI  |  MONDAY, 21 AUG 2023
... it has over $900 billion in funds under administration. The finalisation of the transaction is contingent upon providing system access and facilitating the transfer of essential personnel required to operate the MFA business. Iress said it expects completion ...

ASX profits hit by CHESS setbacks, acts on review findings

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
... had been tested. "When we first embarked on this transformational piece of work in 2016, our aspiration was to build a system as innovative and world-leading as CHESS was when it was first established in 1994," Roche said. "As we work towards announcing ...

ASIC proposes five-year extension to DDO

ANDREW MCKEAN  |  WEDNESDAY, 16 AUG 2023
... for which was originally set for a two-year period. DDO was introduced following a recommendation from the 2019 Financial System Inquiry to compel firms to design consumer-centric financial products and optimise distribution strategies. The regulator ...