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Showing 151 - 160 of 5999 results for "September"

APRA finds signs of step change in remuneration practices

ANDREW MCKEAN  |  THURSDAY, 7 SEP 2023
... ensure remuneration consequences result from poor risk management outcomes. APRA conducted a two-phased review from September 2021 to December 2022 to assess how financial services entities are preparing for the implementation of CPS 511. Though the ...

Integrity Life to cease writing new retail policies

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
... interests to continue to write new retail advised policies." For the retail advised channel, the change is effective September 29. For the corporate group channel, it takes effect immediately. Integrity Life launched in March 2019, with then-chief executive ...

Willis Towers Watson buys funds from advice group

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
... targets and other characteristics of the funds will be attractive to charities and NFPs, he added. The deal was effective September 1.

Financial hardship neglect lands Westpac in court

KARREN VERGARA  |  TUESDAY, 5 SEP 2023
... Complaints Authority (AFCA) if they want to challenge their decision. ASIC alleges Westpac breached the code between 4 September 2017 and 20 March 2022, and failed to act efficiently, honestly, and fairly when it came to responding to its customers' ...

Government consults on superannuation objective laws

ANDREW MCKEAN  |  FRIDAY, 1 SEP 2023
... on the draft bill, including legislation, consequential and transitional provisions, and explanatory materials, until September 29.

Latest CPI data provides case for rate pause

CHLOE WALKER  |  THURSDAY, 31 AUG 2023
... Culling said the result likely provides the RBA with further reasoning to keep the cash rate steady at 4.10% at its September meeting. "The Australian economy appears to be traversing the 'narrow pathway' the RBA hoped for, with inflation heading ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... it has failed, leading it to exit MySuper. All trustees must now write to the members within these failed products by September 28.

Citi terminates staff super fund

JAMIE WILLIAMSON  |  TUESDAY, 29 AUG 2023
... that it has decided to terminate the Citibank Australia Staff Superannuation Fund, with the closure to take place on September 30. The corporate fund was first established in 1950 and has operated in its current form since 2000. As of its 2022 annual ...

Super, retirement unit cushions Link's massive loss

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... $120.1 million of revenue in FY23, down 8.7% year on year. Its sale of BCM to LC Financial Holding is due to complete on September 1. While the group made a 5% year-on-year gain in revenue of $1.23 billion, it made a statutory net loss of $417.7 million ...

Rest closes investment options, shifts allocations

ANDREW MCKEAN  |  FRIDAY, 25 AUG 2023
Rest is closing its bonds and shares investment options to new members as of September 30. The $75 billion industry super fund said any request by existing members to switch funds into the bonds or shares options must be received by September 27. However ...