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Showing 191 - 200 of 1825 results for "Monitor"

APRA maintains policy amid uncertain environment

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
... light of these considerations, APRA maintains its current macroprudential policy settings. We will continue to closely monitor the external operating environment and will consider modifying these settings should that become appropriate."

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... immediate action. ASIC already took action against AustralianSuper in September last year over its failure to properly monitor and consolidate multiple accounts on behalf of members for close to a decade. In May 2023, AustralianSuper announced it would ...

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... needs to engage with," ASIC said. "Trustee boards that rely on incorrect, incomplete or inappropriate data and metrics to monitor performance and make decisions may fail to identify and address significant issues, resulting in consumer harm." ASIC stated ...

Fair Work ruling, ASIC put offshoring arrangements on notice

KARREN VERGARA  |  THURSDAY, 14 NOV 2024
... have measures in place to ensure that due skill and care is taken in choosing suitable service providers; can and will monitor the ongoing performance of service providers; and will appropriately deal with any actions by service providers that breach ...

AFCA names and shames in fresh Datacube release

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
The Australian Financial Complaints Authority (AFCA) has completed its latest update of the AFCA Datacube, which makes data on complaints publicly accessible to consumers and financial firms. This newest update adds data covering firms with four or ...

HESTA red flags MinRes for governance failures

ANDREW MCKEAN  |  FRIDAY, 8 NOV 2024
HESTA chief executive Debby Blakey has said the super fund has been engaging directly with MinRes regarding its recent governance failures and "remains disappointed" with the company's responses. "Our concerns include that the managing director's ...

Commonwealth Super reports strong investment performance

ANDREW MCKEAN  |  THURSDAY, 7 NOV 2024
Commonwealth Super Corporation (CSC) has reported strong investment performance as its five-year transformation program takes shape. The $70 billion super fund's default MySuper investment option delivered a "healthy" 9.1% return over the past financial ...

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
APRA has published the in-depth data on super funds' expenditure from marketing costs and payments to industrial bodies to spending on member services, as the regulator puts a spotlight on how member money is being spent. AustralianSuper had the ...

CFS unveils fund manager, fee changes to FirstChoice

KARREN VERGARA  |  TUESDAY, 29 OCT 2024
... strategies, announced this month that it will retain Royal London Asset Management (RLAM). "CFS will continue to closely monitor RLAM and review this decision again in early 2025 or otherwise as further information comes to hand," CFS said.

Gap exists between licensees' AI use and governance processes: ASIC

MATTHEW WAI  |  TUESDAY, 29 OCT 2024
... adequate governance arrangements are in place before AI is deployed," Longo added. ASIC said it will continue to rigorously monitor the use of AI by financial firms and address any "poor uses" of AI a key focus area in its latest Corporate Plan. It will ...