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Showing 231 - 240 of 2213 results for "Systems"

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... trustees under review struggled to provide data to ASIC about their end-to-end claims handling times, saying many didn't have systems in place for them to draw down the necessary data without significant manual work. "Even then, the data initially provided ...

Admin and compliance taking up 56% of advice practice costs

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
... compliance. The findings identified three core challenges including a lack of integration between a large volume of different systems and non-standardised data formats driving inefficiencies; the significant time required for administrative tasks and ...

ASX files defence against ASIC proceedings

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
... that the ASX has taken a different approach to how it is implementing the upgrade to its equity clearing and settlement systems, including the selection of a product-based solution and staging the implementation over two releases. "ASX has also established ...

Fair Work ruling, ASIC put offshoring arrangements on notice

KARREN VERGARA  |  THURSDAY, 14 NOV 2024
... adopting a direct model. "We have external auditors come through, penetration testing, where people are trying to hack our systems. We have all those kind of measures in place around data security. Whereas people who go direct haven't got that robustness ...

UK to follow Australia's lead in creating megafunds

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
... large scale projects such as infrastructure at lower cost," the UK government said. This is evidenced by the retirement systems of Australia and Canada, it said, with Australian funds investing three times more in infrastructure and 10 times more in ...

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
... when it comes to claims handling. It is the trustee's responsibility to ensure there is adequate oversight of their systems and to prioritise the resources necessary to deliver the services they have promised to their members. "We allege Cbus failed ...

Link between super and banking major priority in 2025: APRA

ELIZA BAVIN  |  MONDAY, 11 NOV 2024
... Hockey has outlined the regulator's big priorities in 2025, with the interconnectedness between banking and superannuation systems first on the agenda. McCarthy Hockey told FINSIA 's The Regulators event that APRA's main priority for next year will be ...

'No alternative': ESSSuper sues Iress

JAMIE WILLIAMSON  |  MONDAY, 11 NOV 2024
... Admin platform. Iress took the reigns in March 2022, with ESSSuper telling members the aim was to offer better online systems to them and their employers. However, according to ESSSuper, "there have been numerous incidents and breaches by Iress" since ...

Qantas Super lowers investment fees, updates cash option

KARREN VERGARA  |  WEDNESDAY, 30 OCT 2024
... biological, chemical, blinding laser, non-detectible fragments, incendiary (white phosphorus) or nuclear whole weapon systems (which does not apply to delivery systems). Qantas Super is now free of tobacco-product manufacturers, such as cigarettes, cigars ...

HMC Capital makes $2bn acquisition

ELIZA BAVIN  |  THURSDAY, 24 OCT 2024
... strategic investment in Stor-Energy, a specialist developer, owner, and operator of utility-scale battery energy storage systems, in a deal worth $50 million. All of this resulted in HMC reporting a 57% jump in earnings compared to FY23 to $129 million ...