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Showing 1621 - 1630 of 28248 results for "NOT"

CSLR costs driven by poor advice: AFCA

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
The Australian Financial Complaints Authority (AFCA) lead ombudsman, investments and advice Shail Singh has told financial advisers that poor practices are the main contributor to the soaring costs of the Compensation Scheme of Last Resort (CSLR). "It's ...

Otivo launches AI-powered advice tool

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
... auditing process which goes over the answers and actually uses another AI to determine whether a message should be flagged or not. Then a human follows up on those replies made by the AI. So, we have an automated process, plus a human process which reviews ...

Life insurers keep breaking their own rules: Report

ANDREW MCKEAN  |  TUESDAY, 1 APR 2025
... staff training and targeted sessions on Code compliance. Given that most breaches were attributed to human error and staff not following processes, it was unsurprising that staff training remained the most reported response, the report said. However ...

Fink takes private markets to next level

KARREN VERGARA  |  TUESDAY, 1 APR 2025
... we've been - first and foremost - a traditional asset manager. That's who we were at the start of 2024. But it's not who we are anymore," he flagged. Early in 2024, BlackRock struck a deal to acquire Global Infrastructure Partners (GIP) ...

Not one trustee tracked end-to-end claims handling times: ASIC

ANDREW MCKEAN  |  MONDAY, 31 MAR 2025
A review of major superannuation trustees by ASIC found that not even one monitored or reported on the full process of death benefit claims handling. The review of superannuation trustees including, Australian Retirement Trust, Avanteos (Colonial First ...

Queensland adviser banned for five years

MATTHEW WAI  |  MONDAY, 31 MAR 2025
... and provided insurance advice that included recommended levels of cover that incorporated mortgages which his clients had not yet obtained while he was authorised by Australian Mortgage and Financial Advisers. Further, ASIC identified that Thomson arranged ...

Rest awards US$300m mandate to Miami-headquartered investment manager

ANDREW MCKEAN  |  MONDAY, 31 MAR 2025
Rest has awarded a US$300 million mandate to Miami-headquartered investment manager I Squared Capital for its infrastructure credit strategy. The strategy focuses on providing flexible and structured capital solutions to essential infrastructure assets ...

AMP introduces geared retirement options

MATTHEW WAI  |  MONDAY, 31 MAR 2025
AMP's North has worked with Betashares to introduce Australia's "first targeted geared retirement series." Unveiled today, the Betashares Moderately Geared Managed Account Portfolios, now added to North, are designed to increase exposure to defensive ...

Pearler Super launches, new FHSSS product imminent

KARREN VERGARA  |  MONDAY, 31 MAR 2025
... young Australians maximise the First Home Super Saver Scheme (FHSSS). Pearler Super is strictly targeting young members. It is not available to those born before 1 January 1970 and therefore does not offer a pension account. Members can select from more ...

RBA and ASIC slam the ASX: 'Deeply disappointed'

ELIZA BAVIN  |  MONDAY, 31 MAR 2025
... has downgraded its assessment of these entities' compliance with the "Operational Risk" standard from 'partly observed' to 'not observed'. A rating of 'not observed' is made when the RBA has identified serious issues of concern that warrant immediate ...