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Showing 171 - 180 of 7355 results for "System"

MIS review ignores key issues: FAAA

KARREN VERGARA  |  TUESDAY, 3 MAR 2026
... personal liability provisions for those operating MISs, and the development of a comprehensive data informed early warning system, which would cover superannuation fund trustees, responsible entities (REs) and financial advice licensees to help identify ...

Life insurer sanctioned for invalid access to customer information

MATTHEW WAI  |  TUESDAY, 3 MAR 2026
... impacting more than 2000 customers. Although the insurer has since enhanced staff training for underwriting teams, fixed its system to automate valid consent procedures, and employed stronger quality assurance checks to detect similar issues, Life CCC ...

AFCA expands C-suite with three hires

ELIZA BAVIN  |  TUESDAY, 3 MAR 2026
The Australian Financial Complaints Authority (AFCA) has announced three new C-suite appointments. In two newly created roles, Deborah Jenkins has been appointed chief customer officer and Stevie-Ann Dovico has been appointed chief technology officer. ...

Magellan to merge with Barrenjoey for $906m

KARREN VERGARA  |  MONDAY, 2 MAR 2026
Magellan Financial Group will take its current 36% ownership in Barrenjoey Capital Partners all the way, inking a deal worth $906 million to merge the two firms. Under the new entity, Brian Benari will become the group chief executive. Sophia Rahmani ...

Research reveals 'alarming spike' in super switching

ELIZA BAVIN  |  FRIDAY, 27 FEB 2026
... part in super switching. The SMC research said these small-balance funds were being switched out of the regulated super system and into more expensive and potentially riskier super products. "The new data should sound alarm bells about drivers of large-scale ...

Australian Ethical unveils strong half-year results

MATTHEW WAI  |  THURSDAY, 26 FEB 2026
... single administration platform has improved operational aspects. "Likewise, the continued rollout of the Charles River system will ensure we have an enhanced investment platform, laying the foundations for our second growth engine - investment products ...

Strategic simplification lifts ClearView's profits

MATTHEW WAI  |  THURSDAY, 26 FEB 2026
... to 11% market share. ClearView said it now operates on a single cloud-based insurance platform, reducing complexity and system duplication, and delivering on its simplification and transformation strategy remains the company's focus to accelerate ...

Unintended consequences of passive investing materialise: MFS

KARREN VERGARA  |  WEDNESDAY, 25 FEB 2026
... is we have got massive misalignment and massive disconnect in terms of the incentives that are being driven through our system." Geremia points to the booming passive investing market, citing the Index Industry Association's estimates of 2.4 million ...

Governance issues on the rise: ASIC

ELIZA BAVIN  |  WEDNESDAY, 25 FEB 2026
... response to serious misconduct and is protecting Australians and safeguarding trust and confidence in Australia's financial system," ASIC chair Joe Longo said. "Today, ASIC is one of the most active law enforcement agencies in the country. We are taking ...

Chalmers releases retirement phase reforms

ELIZA BAVIN  |  TUESDAY, 24 FEB 2026
... Best Practice Principles for superannuation retirement income solutions. "These reforms are all about strengthening the system to deliver the best results for Australians when they retire, as well as when they're working," Chalmers said. "Australia's ...