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Showing 141 - 150 of 2979 results for "Problem"

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... request, and he is already aware that these problems exist." She added that the government has been aware of the scale of the problem dating back as far as November 2022, when the Dixon Advisory creditors report revealed that 4606 clients had lost a ...

Government must commit to fixing CSLR: FAAA

MATTHEW WAI  |  THURSDAY, 23 JAN 2025
Financial Advice Association Australia (FAAA) general manager of policy, advocacy, and standards Phil Anderson is again calling on the government to fix the Compensation Scheme of Last Resort (CSLR). Th FAAA has previously highlighted three critical ...

Super admin providers face reckoning in 2025: Finura

KARREN VERGARA  |  MONDAY, 20 JAN 2025
... licensees and large dealer-to-dealer communities with the view that there was a group buying power advantage," Worn said. "The problem for software companies is that those arrangements don't really have any cost-to-serve advantages for them. They ...

One in five pension funds face liquidity risks

KARREN VERGARA  |  WEDNESDAY, 15 JAN 2025
Nearly one in five pension funds face liquidity risks particularly as they increase allocations to private assets, a new survey shows. The study of pension funds from the UK, US, Netherlands, Canada, and the Nordics by Ortec Finance reveals many are ...

Sue Brake joins NZ Super, Lisa Gray departs VFMC

ELIZABETH FRY  |  THURSDAY, 19 DEC 2024
Two of Australia's former top executives at the forefront of change have become highly influential figures on sovereign wealth fund boards. Sue Brake, former Future Fund investment chief and adviser to Singapore's central bank has chosen a second ...

ASIC sues HSBC Australia over $23m scam losses

MATTHEW WAI  |  MONDAY, 16 DEC 2024
... ASIC deputy chair Sarah Court said the bank had simply failed its customers. "We allege HSBC Australia compounded the problem by failing to comply with its obligations under the ePayments Code and let its customers down when they needed their help the ...

QIC backs analytics platform with $2m investment

MATTHEW WAI  |  FRIDAY, 13 DEC 2024
QIC Ventures has pledged $2 million in seed round funding to Accoil Analytics, a product engagement analytics platform for B2B companies. Accoil provides services to collect and organise customer behaviours to help companies better understand their ...

FAAA slams 'underlying issues' in CSLR

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
The Financial Advice Association Australia (FAAA) has made a submission to the Senate Economics Committee inquiry into wealth management companies, highlighting financial advisers' concerns around the Compensation Scheme of Last Resort (CSLR). Specifically ...

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
... financial advice, not to see a repeat of issues raised during the Royal Commission. Speaking to ABC radio, Jones said the problem being faced by many Australians approaching retirement is a lack of simple and affordable financial advice. "Thousands of ...

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
ASIC has released its first publication of industry-wide data reported under the internal dispute resolution (IDR) data reporting framework, flagging concerns firms are not reporting data accurately. Under the IDR framework, most licensed financial ...