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Showing 261 - 270 of 4466 results for "Case"

HESTA members to keep paying fees as disruption continues

ELIZA BAVIN  |  MONDAY, 12 MAY 2025
... administrators involve different challenges depending on the scale, technology platforms and operational requirements. "In this case we are facing all three of those challenges concurrently, and we are confident the uplift will help deliver better outcomes ...

Former financial adviser charged in alleged $160k super fraud case

ANDREW MCKEAN  |  FRIDAY, 9 MAY 2025
Former financial adviser Abdullah Popal has been charged with alleged fraud offences in Sydney's north-west, accused of hoodwinking five individuals out of over $160,000 from their self-managed super funds (SMSFs). A statement from Police NSW said ...

HCF Life fined $750k for misleading contract term

KARREN VERGARA  |  FRIDAY, 9 MAY 2025
... terms that can deter customers from making a claim. In a win for ASIC, deputy chair Sarah Court said: "ASIC brought this case to ensure consumers were not misled about their rights and the extent of their cover by HCF Life's pre-existing condition term. ...

Betashares launches fixed income ETFs

KARREN VERGARA  |  THURSDAY, 8 MAY 2025
... products, such as term deposits and term annuities. These may offer more certainty, but often lack flexibility, or in the case of term deposits, competitive yields," Betashares said. The ETFs invest in a range of corporate bonds of fixed maturities ...

Warren Buffett to retire, recommends successor

KARREN VERGARA  |  MONDAY, 5 MAY 2025
Berkshire Hathaway chief executive and chair Warren Buffett announced his intention to retire by the end of the year and put forth who he believes will best lead the company. At the annual Berkshire Hathaway shareholder meeting, Buffett made the surprise ...

Rest details internal program to reform death benefit processes

ANDREW MCKEAN  |  FRIDAY, 2 MAY 2025
... resolved claims exceeded 180 days. Rest's claims handling has drawn criticism beyond ASIC's findings. In a recent case, consumer advocate Adam Glezer told Financial Standard, he had to bypass the fund and deal directly with its insurer to expedite ...

Work from home saves employees $5308

ELIZA BAVIN  |  WEDNESDAY, 30 APR 2025
Australians who have worked from home since the COVID-19 pandemic have cut their commutes by around three hours a week, equivalent to a time saving worth an estimated $5308 a year based on average wages, new research by the Committee for Economic Development ...

AFCA highlights 'pattern of delays' in super

ELIZA BAVIN  |  TUESDAY, 29 APR 2025
... negative impact on consumers and contribute to a relationship breakdown between the customer and financial firm." In one case study with an unnamed fund, AFCA said it observed a "pattern of delays" in the fund's responses which affected its Internal ...

Federal Court hammers defunct advice firm with $11m penalty

ANDREW MCKEAN  |  MONDAY, 28 APR 2025
... information sheet in December 2022 to help advice providers comply with their legal obligations when advising on SMSFs. "In this case the Court found bonuses paid to advisers influenced the advice they provided, resulting in poor financial outcomes for ...

Super lobbies welcome bipartisan support to fight financial abuse

ELIZA BAVIN  |  MONDAY, 28 APR 2025
The federal opposition has said, if elected at the upcoming federal election, it will work to fight against financial abuse. This comes after Labor senator Katy Gallagher and minister for social services Amanda Rishworth promised to introduce new measures ...