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Showing 171 - 180 of 1325 results for "AFFECTED"

ASIC takes Dixon Advisory director to court

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... obligated to consider the interests of creditors, ASIC said, noting that the deed imposed conditions which adversely affected Dixon Advisory's right to recover the $19 million debt. The creditors included thousands of financial advice clients who ...

NGS ahead of schedule on net zero strategy

RACHEL ALEMBAKIS  |  FRIDAY, 28 JUL 2023
... natural capital/carbon capture, utilisation and storage (CCUS). Squires said that the steps the fund has taken has not affected fund performance, but it has increased tracking error in certain portfolios. "We are having to accept some degree of tracking ...

Industry grapples with looming cyber threats

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
... are as secure as possible, with a requirement to report serious data breaches to the Privacy Commissioner as well as affected individuals. "Of course, there can always be human error. Therefore, on an organisational level, APRA re-quires the training ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... hours." Birt added that the reason why there is such a high demand for life insurance businesses is because they are not affected by stock markets downturns or other global catastrophes such as wars. "Risk businesses generally move up with CPI, which ...

ASIC lifts ClearView interim stop order

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... life of the insurance contract. The two products offer an income replacement ratio of up to 60%. The interim stop order affected IP distributed through general advice only and did not affect advisers who provide personal advice. ASIC has thus far issued ...

CBA staff head to Fair Work over WFH policy

JAMIE WILLIAMSON  |  THURSDAY, 13 JUL 2023
... been engaging with CBA for several months now, pushing for the bank to maintain the status quo while also offering all affected staff remote working arrangements on mutually agreeable terms. However, CBA contends that the mandate is not a breach of Clause ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... from the bank's inconsistent application of the 'Rostered Employee' clause in its Enterprise Agreements. The blunder affected both current and former employees in Suncorp's insurance arm, including advisers, assessors, customer support staff, technical ...

Vanguard fined for defective account statements

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... or depreciation, which also calculated false investment returns. FINRA said it is an unknown how many customers this affected. Consequently, Vanguard copped a US$800,000 ($1.2m) fine and a slap on the wrist. FINRA said that Vanguard as a member firm ...

HESTA pushes for gig worker super entitlements

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
... lesser number of jobs that provide SG contributions. Consequently, resulting in lower or potentially no contributions for affected workers, leading to a diminished super balance at retirement. ASFA also highlighted that the growth of the gig economy ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
... fees respectively from superannuation members after being notified of their deaths. Some 2000 deceased customers were affected. AMP raked in over $500,000 in insurance premiums; some $350,000 was charged between May 2015 and August 2019. AMP reaped more ...