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Showing 121 - 130 of 4249 results for "Action"

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
... Westpac received approximately 695,000 requests for hardship assistance. We take our obligations seriously and have taken action to ensure we help our customers when they need it most."

IFM bid undercuts Atlas Arteria value by $1bn: Independent expert

RIDDHIMA TALWANI  |  WEDNESDAY, 27 MAY 2026
... shareholders to reject the offer. IFM Investors had launched a hostile takeover bid for Atlas Arteria in late April, stating the action was spurred by continued underperformance from Atlas Arteria, and a significant change in strategy to pursue more ...

AIOFP partners to launch adviser protection program

MATTHEW WAI  |  TUESDAY, 26 MAY 2026
... assets remain in place, and denied access will only occur on a 'for cause' basis, including regulatory or disciplinary action. All restrictions will apply only to the individual adviser, not the entire dealer group. AIOFP chief executive Peter Johnston ...

ASIC, APRA target insurers' TPD product sustainability

KARREN VERGARA  |  MONDAY, 25 MAY 2026
... retail and group insurance channels, a recent roundtable heard. ASIC and APRA warned providers they need to take "decisive action" to address the sustainability challenges facing TPD insurance and put consumers' needs at the forefront. The regulators' ...

Financial services failing to provide consistent outcomes: AFCA

MATTHEW WAI  |  FRIDAY, 22 MAY 2026
Latest findings from the Australian Financial Complaints Authority (AFCA) show that despite frameworks existing for consumer hardship, weaknesses arise in how those policies were implemented in practice. The eighth edition of the Systemic Issues Insight ...

ISS STOXX Sustainability names APAC head

STAFF WRITER  |  THURSDAY, 21 MAY 2026
... sustainability industry developments, will greatly benefit our clients' ability to turn responsible investing into action." Leske said the role builds on her existing responsibilities and focuses on setting clear direction for the application of ...

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
... relation to First Guardian, as well as declarations and civil penalties. ASIC deputy chair Sarah Court said the latest action is part of ASIC's 2026 enforcement priority into the collapse of First Guardian and related funds. "We allege that a prudent ...

Super funds get ahead of proposed minimum service standards: KPMG

KARREN VERGARA  |  TUESDAY, 19 MAY 2026
... new mandatory minimum service standards for all large APRA-regulated superannuation funds in early 2025, forced to take action on widespread administration and back-office practices. One high profile example is Cbus paying a nearly $24 million fine for ...

InterPrac targets First Guardian victim, disputes AFCA ruling

KARREN VERGARA  |  FRIDAY, 15 MAY 2026
InterPrac Financial Planning is taking action against a former client and victim of the First Guardian Master Fund collapse for an Australian Financial Complaints Authority (AFCA) determination it is vehemently contesting. The new proceeding comes off ...

Adviser ban stretched to 2028 in ASIC deterrence win

RIDDHIMA TALWANI  |  WEDNESDAY, 13 MAY 2026
The Administrative Review Tribunal (ART) has prohibited Stephen Rogers from being registered as a financial adviser for another three years. Melbourne-based Stephen Rogers, a representative of United Global Capital, had been prohibited from registering ...