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Showing 161 - 170 of 4636 results for "Issues"

APRA lifts final Westpac capital add-on

KARREN VERGARA  |  WEDNESDAY, 15 OCT 2025
... specific prudential weaknesses identified in its culture, governance and accountability, and address the root causes of these issues. Westpac then established the Customer Outcomes and Risk Excellence (CORE) Program and appointed an independent reviewer. ...

Insurers design framework for dealing with mental health claims

MATTHEW WAI  |  MONDAY, 13 OCT 2025
... chief executive Christine Cupitt said clarity is needed about the role life insurance plays in relation to mental health issues. "Australia is in the middle of a national mental health crisis, and we need to set clear, evidence-based guidance about the ...

ASIC slams licensees' lax offshoring governance

KARREN VERGARA  |  FRIDAY, 10 OCT 2025
... are more prevalent and growing in sophistication. All licensees must proactively review governance frameworks and address issues that threaten to undermine public confidence in their business and in turn, the financial system," ASIC commissioner Alan ...

Platform trustees told to improve investment governance

JAMIE WILLIAMSON  |  TUESDAY, 7 OCT 2025
... related metrics relative to internal policies, and a lack of effective triggers for identifying and monitoring performance issues or risk concerns. It also highlighted a lack of timely and objective reporting of key risk and performance issues, including ...

Australian women most likely to retire early

ELIZA BAVIN  |  TUESDAY, 7 OCT 2025
... women leaving the workforce early have persisted. More than a quarter (27%) globally also said other health and wellbeing issues, excluding menopause, were key factors in deciding to leave the workforce. Caring responsibilities continue to dominate ...

Liquidity, operational shocks major issues for super: RBA

ELIZA BAVIN  |  FRIDAY, 3 OCT 2025
The Reserve Bank of Australia (RBA) has released its Financial Stability Review, highlighting that building resilience to severe liquidity and operations shocks must remain a priority for superannuation funds. "Superannuation funds now account for around ...

MUFG 'sincerely apologises' to Cbus over claim delays

ELIZA BAVIN  |  WEDNESDAY, 1 OCT 2025
... complex one involving multiple parties, including the trustee, insurers and ourselves," Bhatia told the committee. "The issues highlighted recently are sector-wide and will require all stakeholders to collectively improve the experience that members ...

Super complaints decline year-on-year: AFCA

ELIZA BAVIN  |  WEDNESDAY, 1 OCT 2025
... Retirement Trust (ART) was next in line with 500, and Cbus with 328. The vast majority (50%) related to account administration issues, followed by group life insurance (37%), and death benefits 10.3%. In the financial advice sector, United Global Capital ...

Retirees should put 80% of balance into annuities: Grattan

RIDDHIMA TALWANI  |  THURSDAY, 25 SEP 2025
... - a retiree typically cannot switch to a better deal if they see one. Designing a wholesale market that overcomes these issues would be challenging, government-provided annuities are the best option," said Joey Moloney, housing and economic security ...

RBA says ASX has 'considerable work to do'

ELIZA BAVIN  |  THURSDAY, 25 SEP 2025
... across the CS facilities; and comprehensively improve data and reporting controls for financial risk models and address issues identified in the assessment period. In response, ASX chair David Clarke acknowledged the bank's ongoing concerns but said ...