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Showing 231 - 240 of 1144 results for "Notice"

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
Insignia Financial and OnePath Custodians will pay $1.5 million for failing to direct member contributions to a MySuper product. APRA has fined OnePath Custodians $1.46 million after it was made aware 125 default member contributions were not directed ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... annual leave loading, public holiday loadings, minimum rate of pay, long service leave, redundancy, payments in lieu of notice, meal allowances, and superannuation were all impacted. Following an internal review of pay and leave practices, along with ...

Super fund ESG options underweight BHP, overweight CSL

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
Super fund ESG options on average have "sharply reduced" exposure to BHP, Woodside Energy and Transurban while being overweight CSL, Telstra and ResMed, according to Rainmaker Information. Rainmaker Information has released its most recent Rainmaker ...

TPB grilled over handling of PwC scandal

JAMIE WILLIAMSON  |  THURSDAY, 1 JUN 2023
... very curious about an Act that has that failure built into it," Pocock replied, allowing O'Neill to take the request on notice. Pocock later levelled questions at de Cure in relation to the two former PwC partners who sit on the board, claiming the board ...

Investors flock to conservative ETFs: Podcast

CASSANDRA BALDINI  |  THURSDAY, 25 MAY 2023
Stockspot founder and chief executive Chris Brycki says the global macroeconomic backdrop has shifted investor trends, causing an uptake in conservative ETFs. Investors have faced varying challenges over the past 12 months and, speaking on the latest ...

Poor policy administration sees MLC Life pay $22m

JAMIE WILLIAMSON  |  FRIDAY, 19 MAY 2023
MLC Life will pay $10 million, in addition to $12 million in remediation, for failing to pay promised rehabilitation benefits. The life insurer was penalised by the Federal Court after it was found guilty of several breaches of the ASIC Act, the Corporations ...

PwC picks senior leaders to oversee review

CASSANDRA BALDINI  |  TUESDAY, 16 MAY 2023
... retire from the partnership at the end of September following his involvement in the scandal. Last week Seymour gave his notice after confirming he was one of the firm's senior leaders looped into emails which highlighted "the marketing approach ...

PwC senior leaders step down over tax scandal

CASSANDRA BALDINI  |  THURSDAY, 11 MAY 2023
... Australian heads are the latest to be caught up in the fallout and follow PwC chief executive Tom Seymour handing in his notice following a discussion with the Australian board. Seymour confirmed he was one of the senior leaders looped into emails which ...

Issuers must lift DDO game: ASIC

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... defined target markets and unclear or inadequate product governance arrangements. "Investment product issuers have been on notice to meet obligations since October 2021. It is disappointing to see DDO deficiencies across the board, and by large and small ...

Ord Minnett cops $888k fine over buyback

JAMIE WILLIAMSON  |  WEDNESDAY, 3 MAY 2023
ASIC's Market Disciplinary Panel handed Ord Minnett an $888,000 infringement notice over two contraventions of market integrity rules which occurred when conducting a buyback. According to ASIC, on 1 September 2021 the firm was instructed to commence ...