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Showing 111 - 120 of 1325 results for "AFFECTED"

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... in January 2024, but said it would now close the investigation. "In light of HESTA's decision to make payments to affected members to make them good, and improvements to HESTA's valuation policies and procedures, APRA has decided to close its ...

Lack of action on menopause driving gender inequity

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2024
... is impacting their financial situation now and into the future, meaning that families, workplaces, and society are all affected by menopause, due to the reduced economic and social contribution of women," MetLife Australia chief customer and marketing ...

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

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
... Regrettably this has added to the distress of members and their families," a spokesperson for Cbus said. "We apologise to our affected members and their families without reservation and promise to do better. "Cbus has implemented a number of measures ...

Systemic issues impact 20k consumers: AFCA

MATTHEW WAI  |  MONDAY, 11 NOV 2024
... and the system accepted members' 'At Market' orders on a certain date when the ASX was closed. There were 82 members affected by this issue. Of these, 89 trades by 52 members resulted in losses totalling almost $55,000. The firm has remediated the impacted ...

ACCC urges parliament to pass new merger laws

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
... changes are relevant not just for businesses when they are contemplating a merger, but for all businesses that may be affected by a merger such as suppliers, business customers in the supply chain and rivals," she said. "The changes will benefit business ...

ECB drops interest rates to 3.25%

KARREN VERGARA  |  FRIDAY, 18 OCT 2024
... incoming information on inflation shows that the disinflationary process is well on track. The inflation outlook is also affected by recent downside surprises in indicators of economic activity. Meanwhile, financing conditions remain restrictive," the ...

ASIC seeks $27m penalty against AustralianSuper

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
... superannuation balance over time. The regulator said in this case, approximately 90,000 AustralianSuper members were affected, with total cost to members of approximately $69 million. ASIC's lawyer has asked the court to impose the massive $27 million ...

ASIC slaps Macquarie with record $5m fine

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... minutes of the market closing, exhibiting the characteristics of what the MDP said was intended to "mark the close". This affected the daily settlement price, which essentially tipped in favour of clients' existing interest in the contracts. MDP said ...

Magellan makes internal PM moves

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
... its funds. The Magellan High Conviction Trust, the Magellan Global Equities Fund and the Magellan Global Fund will be affected by the changes, effective today. Alan Pullen has been appointed as the portfolio manager for the Global Fund and the Global ...

ESSSuper ups admin fee cap

KARREN VERGARA  |  MONDAY, 23 SEP 2024
... administration fee of 0.20% per year of a member's account balance. Account balances with $349,000 or below will not be affected. For balances between $349,000 and $474,000, the admin fee cap will increase by between $1 and $250 p.a. Balances above ...