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Showing 161 - 170 of 566 results for "ProActive"

ASIC exposes RE structure conflicts of interest

KARREN VERGARA  |  TUESDAY, 1 FEB 2022
The corporate regulator has identified potential conflicts of interest within the $1.5 trillion managed funds sectors' responsible entity structures. ASIC's review of 10 major responsible entities found potential conflicts of interest arise ...

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... "This standard demonstrates that when policy settings change, the life insurance and superannuation sectors will take proactive steps to protect consumers. The FSC is very pleased to be working with our members to deliver on this goal," FSC chief executive ...

FPA overcharges members

KARREN VERGARA  |  WEDNESDAY, 1 DEC 2021
The Financial Planning Association of Australia has admitted to overcharging members but declined to reveal exactly how much. The FPA blamed an administrative error that incorrectly charged a higher fee for a small number of members who upgraded their ...

Super funds failing three-day transfer requirement

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
... always learnings that create the need for minor adjustments. Rollover V3 has been no different and the ATO have been proactive and responsive in order to help all participants be compliant," the spokesperson said. "The three-day deadline applies in instances ...

APRA hones in on post-retirement products

KARREN VERGARA  |  TUESDAY, 23 NOV 2021
APRA is adamant that retirement income products will not suffer the same fate as income protection insurance as it looks to tighten its belt in regulating the post-retirement phase. The prudential regulator's deputy chair Helen Rowell spoke of the ...

More mergers, minimal awareness: KPMG

JAMIE WILLIAMSON  |  THURSDAY, 18 NOV 2021
While there was more merger activity in the 12 months to October than any previous year, about 80% of members in merged superannuation funds weren't even aware their fund had merged. According to KPMG's Superannuation Transformation & Consolidation ...

ASIC files contempt application against Mawhinney

ELIZABETH MCARTHUR  |  TUESDAY, 16 NOV 2021
ASIC filed a contempt application in the Federal Court against James Mawhinney, the founder of Mayfair 101. The contempt order is in relation to allegations that Mawhinney has continued to raise funds through financial products, even though ASIC banned ...

Commonwealth Bank to add crypto services

JAMIE WILLIAMSON  |  WEDNESDAY, 3 NOV 2021
... Australians. The exponential growth of digital assets internationally, coupled with Gemini's institutional-grade security and proactive regulatory approach, positions this partnership to set a new standard for banks and financial platforms in Australia ...

CBA to detect abusive banking behaviour

ANNABELLE DICKSON  |  MONDAY, 11 OCT 2021
... bank. "The new model, which uses advanced AI and machine learning techniques, allows us to provide a more targeted and proactive response than ever before," Tsuei said. "It builds on the work we have already done to fortify our digital channels from ...

Employers unaware of YFYS, stapling: Study

ELIZABETH MCARTHUR  |  THURSDAY, 7 OCT 2021
... pass on to employees. The study also found 17% of employers had a specific suggestion for how super funds could improve proactive engagement. "Any help is better than none. I assumed the stapling was between the employer and the ATO. Anything that will ...