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| | | ... 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 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 ... |
| | | | ... 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. ... |
| | | | ... 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
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