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Showing 221 - 230 of 1369 results for "AFFECTED"

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 ...

Packer donates $7m to mental health research

CHLOE WALKER  |  TUESDAY, 16 MAY 2023
... way in transforming the understanding, prevention, treatment and cure of these important disorders and offers hope to affected individuals and their families. "This exceptional gift will enable UNSW researchers and its partners in the Mindgardens Network ...

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
... Commission, unnecessary multiple accounts can leave someone over $50,000 worse off in retirement. The fund is aiming to return affected members to the financial position they'd be in if this incident hadn't occurred. This includes refunding administration ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... consultation. Financial advisers will need to carefully consider the impact on any self-managed super fund clients who are affected," she said. "On both NALI and the pre-announced super changes, we look forward to engaging with Minister Jones and communicating ...

Another round of consultation for veteran super taxation

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... ensure the Bill operates as intended. Firstly, to establish a permanent approach to the proportioning rule for Douglas-affected veterans in line with the ATO's current interim legislative instrument which expires in June. This would ensure the current ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... also indicates that payday super will benefit over one million lower paid and younger women who are disproportionately affected by unpaid super. Unpaid super can reduce some women's retirement savings by up to 10%, further exacerbating the existing ...

ASIC updates breach reporting guidelines

KARREN VERGARA  |  FRIDAY, 28 APR 2023
... guide reads. Another new procedure is for licensees to provide genuine estimates for client loss and number of clients affected. This comes off the back of licensees writing "nil" values when asked for monetary impact. "This estimate is important regulatory ...