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Showing 1211 - 1220 of 13654 results for "Member"

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... superannuants and super trustees to exercise extreme caution in these circumstances," she said. ASIC will also expand its remit in member services failures. The case of industry super fund Cbus' recent failings in paying death and TPD benefits was ...

Colonial First State offers aged care solution

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... information to assist in selecting suitable care options. The guidance and advice service will be available as a discounted member benefit and will offer personalised support to access all levels of care from in-home support, retirement living and residential ...

Super lobbies call for death benefit reforms

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
The chief executives of the Super Members Council (SMC) and the Association of Superannuation Funds of Australia (ASFA) have told the senate economics committee that Australians deserve better outcomes from their super funds, but said reforms are needed. ...

AFCA names and shames in fresh Datacube release

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
The Australian Financial Complaints Authority (AFCA) has completed its latest update of the AFCA Datacube, which makes data on complaints publicly accessible to consumers and financial firms. This newest update adds data covering firms with four or ...

UK to follow Australia's lead in creating megafunds

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
In what's considered the most significant reforms to the UK retirement sector in decades, the defined contribution schemes of 86 administering authorities will be consolidated and their assets pooled to create megafunds. The UK government plans to introduce ...

Fiji super fund picks Northern Trust for custody

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
Northern Trust will become custodian for the $6.5 billion Fiji National Provident Fund (FNPF). Northern Trust has been selected by FNPF, which is Fiji's only compulsory superannuation fund. The fund, which was established over 50 years ago, has about ...

Cbus board still considering CFMEU directors

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
Fronting a Senate hearing today, Cbus chief executive Kristian Fok said the fund's board is still considering whether it will appoint the replacement directors nominated by the CFMEU back in September. In September, the CFMEU administrator re-nominated ...

Bell Financial Group bids $51m for SelfWealth

KARREN VERGARA  |  WEDNESDAY, 13 NOV 2024
Bell Financial Group (BFG) is proposing to acquire SelfWealth for $51 million in a deal which both parties find "compelling." BFG said in offering 22 cents for each SelfWealth security, shareholders of the trading platform "will benefit through increased ...

Bragg calls for Cbus to front Senate

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... than 12 months to be resolved and only 830 were resolved within 90 days. Financial Standard understands that around 7500 member claims have been impacted by the days in processing since September 2022 through to this month. However, ASIC alleged this ...

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
... delays to death and TPD claims processing, some waiting more than 90 days. Financial Standard understands that about 7500 member claims have been impacted by the delays in claims processing since September 2022 through to this month, and that Cbus has ...