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| | | ... financial institutions, Northern Trust head of Australia and New Zealand Leon Stavrou points out that this is already the case, to an extent. Asset servicing banks and super funds are regulated by APRA, and these institutions must comply with Prudential ... |
| | | | After being caned by ASIC for making beneficiaries wait for more than 90 days to receive a death benefit, Cbus is vowing to pay them faster. Where members have not nominated a beneficiary, Cbus said benefit payments will be paid to the surviving current ... |
| | | | The Life Insurance Code Compliance Committee (Life CCC) has found many insurers are still using blanket mental health exclusions despite being required to assess customers' individual circumstances. Releasing its report on life insurers' compliance ... |
| | | | ... its risk and compliance culture that "require the board's and executives' urgent attention". "In the bond trading case, ANZ was in a trusted position and its conduct had the potential to reduce the amount of funding available to the government. ... |
| | | | ... superannuation system, and the financial security of Australians is placed at risk when those principles fall by the wayside." The case was initiated in 2019 following revelations during the Hayne Royal Commission into Misconduct in the Banking, Superannuation ... |
| | | | Australians receiving the Age Pension are often subjected to higher marginal tax rates of 60% to 80%, disincentivising them from being more active in the workforce, new research from HESTA suggests. The research said in some extreme cases, these rates ... |
| | | | Research and asset consultants continue to play a pivotal role in financial advisers' product selection, especially in managed accounts and superannuation, Investment Trends says. According to its 2025 Adviser Product and Marketing Needs Report, which ... |
| | | | ... and you'll eventually become more streamlined because you can outsource part of what you do to that person. But in this case, you can outsource it to AI, which is awesome." An April study by KPMG and the University of Melbourne found that nearly ... |
| | | | ... continue to say how seriously they take it all. And plainly, they don't," Phair said. APRA is also on super funds' case, pushing for basic protections such as multi-factor authentication (MFA). Off the back of the coordinated attacks, APRA forced ... |
| | | | In its submission to the Treasury consultation on the Compensation Scheme of Last Resort (CSLR) Special Levy for 2025/26, the Financial Advice Association Australia (FAAA) said financial advisers should not be expected to pay more than the $20 million ... |
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