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Showing 121 - 130 of 11372 results for "May"

Australian Retirement Trust works to resolve ongoing outages

JAMIE WILLIAMSON  |  MONDAY, 4 NOV 2024
... ART said the outages began last week, however member comments across the fund's social media pages suggest the issues may have begun as early as Saturday, October 26. On Facebook, in response to a member who questioned whether the fund had been hacked ...

Westpac profits drop as it prepares for leadership change

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
... incoming Westpac chief executive Anthony Miller, saw net profit rise 13% and business lending up 9%. The bank added that there may be some unforeseen financial impacts from various legal proceedings brought against it. Westpac said while the class action ...

ACCC urges parliament to pass new merger laws

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
... regime. "These 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 ...

Commonwealth Bank finally relents on interest rate call

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
... as not likely until well into 2025 (our central case is Q2 2025), and some risk that it could take longer or that the RBA may miss the cutting phase altogether."

Jones preps DBFO Tranche 2 for parliament

KARREN VERGARA  |  WEDNESDAY, 30 OCT 2024
... $100,000 in the year before the member passes away. "But worse still, if members cannot get advice from regulated sources, they may be led by 'finfluencers' and 'armchair' commentators to expose themselves to the dangerous world of scammers," he said ...

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... is not necessarily a measure of whether the expenditure is good, bad, or appropriate. Some very large items of expenditure may be justifiable as being in the best financial interests of members. Conversely, even relatively small items of expenditure ...

Gap exists between licensees' AI use and governance processes: ASIC

MATTHEW WAI  |  TUESDAY, 29 OCT 2024
... and services", Longo said making sure governance frameworks are updated for AI use is crucial for any challenges licensees may face ahead. "When it comes to balancing innovation with the responsible, safe and ethical use of AI, there is the potential ...

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
... ignorant of the potential effect of s47 of the ICA, and nothing in the Recover Cover PDSs adverts to the possibility that it may preclude HCF Life from relying upon the Pre-Existing Condition Terms in particular circumstances". ASIC deputy chair Sarah ...

Major global trends impacting advisers

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
... powerful in that market. Since July, we've had a reassessment amid changing interest rate expectations," Tedder said. "It may be time to look at areas that have been out of favour and have become attractive from a valuation standpoint. Certain sectors ...

Operational risk reserve targets trimmed for larger funds

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
... approach is intentionally simple, including an intent to reduce regulatory burden on RSE licensees in circumstances where there may not be commensurate prudential benefit." However, trustees will still need to notify APRA if they decide to make a change ...