Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 181 - 190 of 581 results for "ProActive"

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 ...

FSC suggests CSLR improvements

KARREN VERGARA  |  MONDAY, 20 SEP 2021
... considered. The FSC therefore recommends that ASIC introduces minimum capital requirements for advice licensees and takes proactive oversight of professional indemnity insurance (PI) held by licensees. FSC chief executive Sally Loane said: "For the CSLR ...

Pain ahead for super trustees on unlisted valuations

KANIKA SOOD  |  MONDAY, 6 SEP 2021
Last year many superannuation funds revalued their unlisted assets during lockdowns. Now APRA says most of their policies were deficient. Super funds took different approaches to the revaluations. For example, at Cbus the board devalued unlisted assets ...

Maritime Super criticises unfair YFYS test

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
Ahead of the results of the inaugural Your Future, Your Super performance test, the chief executive of Maritime Super has aired concerns over the implications of communicating with members where their fund has underperformed, particularly where that ...

NAB fined $18.5m over misleading fee disclosure

JAMIE WILLIAMSON  |  THURSDAY, 26 AUG 2021
... part because she did not believe NAB committed some of the contraventions knowingly or recklessly. NAB has also taken proactive steps to fix the issues and cooperated with ASIC, she said, "albeit they were insufficient and could perhaps have been implemented ...

Pandemic stokes investor appetite

ELIZABETH MCARTHUR  |  TUESDAY, 24 AUG 2021
... investment in managed funds," Calastone head of Australia and New Zealand Ross Fox said. "Investors adopting a more proactive and opportunistic approach is also evident in the flow of funds that we continue to see across our network, with A$10.2 billion ...