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Showing 1321 - 1330 of 5253 results for "SCA"

PwC picks senior leaders to oversee review

CASSANDRA BALDINI  |  TUESDAY, 16 MAY 2023
Former Telstra boss Ziggy Switkowski has been picked to lead an independent review of the firm and its own Tony O'Malley has been appointed chief risk and ethics leader amid the ongoing tax crisis. The independent review, originally announced last ...

Lumiant, Invest Blue build digital advice platform

CASSANDRA BALDINI  |  MONDAY, 15 MAY 2023
Invest Blue will provide Lumiant with $2 million in seed capital to develop a digital platform to boost client engagement. Under the strategic partnership, Invest Blue managing director David Stephen will be added to the Lumiant board as the advice ...

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
Super Consumers Australia (SCA) is urging all superannuation funds to review their account handling processes in the wake of AustralianSuper refunding $70 million to approximately 100,000 members who held multiple accounts with the fund. Last week ...

Cbus, EISS Super finalise merger

JAMIE WILLIAMSON  |  MONDAY, 15 MAY 2023
EISS Super's 17,000 members have combined with Cbus, which now manages more than $80 billion in retirement savings. The completion of the merger comes about 18 months on from the funds signing a Memorandum of Understanding in December 2021. This followed ...

PwC senior leaders step down over tax scandal

CASSANDRA BALDINI  |  THURSDAY, 11 MAY 2023
Financial advisory managing partner Pete Calleja and chief strategy, risk and reputation officer Sean Gregory have stepped down amid the firm's tax scandal. Calleja and Gregory will remain at PwC but have exited their senior roles and the executive ...

Industry funds' illiquid assets scrutinised

ANDREW MCKEAN  |  THURSDAY, 11 MAY 2023
The Australian superannuation system allows investors to shift between options and funds daily, raising critical questions about liquidity. Despite requirements under SPG530 - Investment Governance, public disclosure on liquidity stress-testing is relatively ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
Stakeholder responses to the federal budget are mixed at best, with many believing key measures require further consideration and consultation. Perhaps the measure that will most impact the financial services industry, the government remained firm in ...

Federal budget 2023: Winners and losers

TOM WATSON  |  TUESDAY, 9 MAY 2023
The federal government has delivered its second budget since coming into office last year, and as expected, cost of living support has featured prominently. So what has treasurer Jim Chalmers included in the 2023 federal budget when it comes to spending ...

Funding boosts ASIC greenwashing remit

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
ASIC will tighten its scrutiny of greenwashing as part of the Labor government's crackdown on protecting investors against investment scams and other misconduct from product issuers. Federal treasurer Jim Chalmers bolstered ASIC enforcement activity ...

PwC chief exits over scandal

CASSANDRA BALDINI  |  TUESDAY, 9 MAY 2023
Tom Seymour has exited the top job following his involvement in the firm's tax leak breach, as PwC assurance leader Kristin Stubbins takes over in the interim. Following a discussion with the firm's Australian board, PwC announced Seymour would ...