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Showing 281 - 290 of 894 results for "Failing"

CBA completes review, sued by FWO

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
... isn't over for the bank as it was the Fair Work Ombudsman (FWO) alleges CBA and CommSec contravened the Fair Work Act for failing to pay 7425 workers about $16.44 million in wages. In 2019, CBA flagged to the FWO and ASX that it was completing a ...

ASIC commences proceedings against Diversa

ELIZABETH MCARTHUR  |  MONDAY, 11 OCT 2021
The regulator is taking Diversa Trustees to court over failing to maintain oversight of a now banned financial adviser. Diversa is the trustee for $1 billion Future Super, Mason Stevens Super, ING Super and MAP Master Super - later known as OneSuper ...

Big four bank complaints drop

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
... complaints. The top five complaints received were due to unauthorised transactions, service quality, default listing, failing to respond to request for assistance and incorrect fees or costs. Over half were resolved at the registration and referral stage. ...

Adviser exam cost jumps under new bill

KARREN VERGARA  |  THURSDAY, 30 SEP 2021
... proposed changes include removing the three-month waiting period before advisers can register to take the exam again after failing. Candidates will be given the option to sit the exam flexibly either in person, virtually or via alternative arrangements. ...

Failing Asgard super option to close

JAMIE WILLIAMSON  |  WEDNESDAY, 29 SEP 2021
After failing the inaugural Your Future, Your Super performance test, Asgard Employee Super will shutter next month, with many members being transferred to BT's Retirement Wrap. Members of the fund were actually notified ahead of the performance ...

YFYS will impact advisers too

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 SEP 2021
... impact in terms of making members engage with their super and seek advice, especially those who find themselves in funds failing the performance test. "The APRA benchmarks are not ideal, you're effectively telling funds they will be marked against a ...

What will it take to get super on parental leave?

ELIZABETH MCARTHUR  |  MONDAY, 20 SEP 2021
Employers and the government are failing parents, costing mothers $1.6 billion in superannuation, according to new research from Industry Super Australia. Many employers, even large companies, still fail to pay parents parental leave - forcing them ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... misleading representations about investment directions, conducting 70 calls with members similar investment directions, and failing to provide a general advice warning on 17 calls. The court also declared CFS failed to do all things necessary to ensure ...

Retail, corporate funds lack transparency on ESG votes

KARREN VERGARA  |  TUESDAY, 7 SEP 2021
... number of super funds claiming to incorporate ESG into their investment processes, the majority of super funds are still failing to support ESG proposals," he said. Eight funds supported more than 50% of ESG proposals in 2020: NGS Super (86%), Vision ...

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
ASIC says it will be watching that super funds don't force members of failing MySuper or Choice options to their other products that don't face a performance test. The first round of the Your Future, Your Super performance only test applied to 80 MySuper ...