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Showing 1181 - 1190 of 7378 results for "System"

Poor policy administration sees MLC Life pay $22m

JAMIE WILLIAMSON  |  FRIDAY, 19 MAY 2023
... received medical evidence or opinion to say existing definitions were outdated and should be amended. Finally, MLC Life used a system called Eclipse which provided communications to customers but was configured by the life insurer to manually suppress ...

Boutique co-founder jumps to AustralianSuper

ELIZABETH FRY  |  FRIDAY, 19 MAY 2023
One of the co-founders of a shuttering boutique manager is taking on a new role at AustralianSuper. At the same time, one of the fund's portfolio managers is joining a sovereign wealth fund. The $260 billion superannuation fund has added Megan Talmage ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
The Federal Court found AMP guilty of charging deceased customers life insurance premiums and advice fees, ordering it to pay $24 million in penalties. Justice Hespe today determined that four AMP subsidiaries - AMP Life, AMP Financial Planning, AMP ...

Super fund blunder likely down to bad data: Podcast

CASSANDRA BALDINI  |  THURSDAY, 18 MAY 2023
... to comply with the law, and not identify multiple accounts within your fund," he said. No matter how good of an auditing system a fund has, cracks have can still appear. "I imagine with AustralianSuper, it's the largest super fund, it would have ...

Abolishing FDSs a major win: Panel

KARREN VERGARA  |  TUESDAY, 16 MAY 2023
The Quality of Advice Review's recommendation to abolish Fee Disclosure Statements would be a major win for financial advisers as many continue to grapple with providing accurate documents to clients. The Financial Advice Association Australia general ...

ASX operations and customer lead exits

KARREN VERGARA  |  TUESDAY, 16 MAY 2023
... separate technology division. Chesterman leads the customer-facing technology and data business. The new CIO role focuses on system resilience and the delivery of multi-year technology transformation programs.

AZ NGA partners with advisory firm

KARREN VERGARA  |  TUESDAY, 16 MAY 2023
AZ NGA has joined forces with a Melbourne-based advisory practice to help drive growth across both businesses. Accounting and advisory firm Rose Partners will collaborate with AZ NGA to help it achieve key goals, which includes accelerating expansion ...

Cbus eyes big deals in new investment blueprint

ANDREW MCKEAN  |  TUESDAY, 16 MAY 2023
Cbus unveiled a new investment strategy, focused on lucrative global partnerships and boosting internal asset management to 50%. The strategic pivot comes on the heels of Cbus' merger completion with EISS Super. Cbus acting chief executive Kristian ...

Packer donates $7m to mental health research

CHLOE WALKER  |  TUESDAY, 16 MAY 2023
... Mindgardens is the first research centre in Australia to focus exclusively on disorders that involve the brain, emotions, nervous system and thinking processes. "It is no secret that I have struggled with mental health problems in the past," Packer said. ...

VanEck launches US bond ETF

CHLOE WALKER  |  MONDAY, 15 MAY 2023
VanEck will introduce its 33rd ETF later this week - the first of its kind to be listed on the ASX, the manager says. The VanEck 1-3 Month US Treasury Bond ETF (TBIL) will list on the ASX on Thursday morning. According to VanEck, TBIL is the first short-term ...