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Showing 151 - 160 of 4150 results for "Action"

Majority of SMSF establishments based on bad advice: ASIC

KARREN VERGARA  |  THURSDAY, 6 NOV 2025
... Kirkland warned that the next steps involved a consideration of a range of regulatory responses. "This includes enforcement action where we have significant concerns about client detriment in relation to SMSF establishment advice. We will also request ...

Member engagement lies in rewards, gamification: Whitepaper

KARREN VERGARA  |  THURSDAY, 6 NOV 2025
Superannuation funds should be more innovative in boosting member engagement by offering tangible rewards and benefits that can lead to meaningful, repeatable interactions, according to a new whitepaper. The paper published by ASX-listed customer engagement ...

Colonial First State, AIA agree $140m class action settlement

JAMIE WILLIAMSON  |  WEDNESDAY, 5 NOV 2025
Colonial First State and AIA Australia will pay a combined $140 million to settle a class action lawsuit brought by hundreds of thousands of super fund members who paid excessive insurance fees. The class action was launched by Shine Lawyers in January ...

ASIC reveals findings from reporting and audit surveillance

ELIZA BAVIN  |  FRIDAY, 31 OCT 2025
... preparers; and continue to use its full range of regulatory tools to enhance audit quality and take enforcement or compliance action where appropriate.

Cbus agrees to pay $23.5m fine

ELIZA BAVIN  |  FRIDAY, 31 OCT 2025
... and TPD claims processing, some waiting more than 90 days. Cbus apologised to affected members at the time. Following the action being filed by ASIC, Cbus and its administrator MUFG Retirement Solutions settled a dispute arising from the unacceptable ...

Equity Trustees to ask Mulino for help amid First Guardian, Shield fallout

JAMIE WILLIAMSON  |  THURSDAY, 30 OCT 2025
... "Part 23 of the SIS Act is designed for exactly these purposes, and we look forward to the various authorities prioritising action which establishes that such a fraud occurred," he said. Further, O'Brien said Equity Trustees recently wrote to Mulino ...

ASIC labels digital assets as financial products

MATTHEW WAI  |  THURSDAY, 30 OCT 2025
... transitional support ahead of the reform, ASIC commissioner Alan Kirkland said the regulator has granted a sector-wide no-action position until 30 June 2026. The no-action position was informed by feedback from the earlier submissions in February to ...

Crown Wealth director banned for two years

KARREN VERGARA  |  THURSDAY, 30 OCT 2025
... However, ASIC said that his conduct was the result of carelessness and inadvertence rather than a deliberate course of action to conceal or disregard the FFNS conduct. In response, Rodwell said in a statement that Crown Group "spent hundreds of thousand ...

Rest launches new retirement tools to increase advice appetite

MATTHEW WAI  |  THURSDAY, 30 OCT 2025
... creative campaign, highlighting support for members over 50, "tapping into nostalgia and confidence to inspire members to take action towards a secure retirement". The initiative is part of a phased rollout, with ongoing improvements, enhancements to ...

One in three Aussies face 10-year retirement savings gap: Fidelity

RIDDHIMA TALWANI  |  THURSDAY, 30 OCT 2025
... desired age. With the right planning, longer lives can be a positive reality, but it requires a new mindset and earlier action to ensure financial security," he said. The savings gap comes from comparing how long people expected their retirement savings ...