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Showing 301 - 310 of 1826 results for "Monitor"

Super funds consider future of PwC contracts

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
... as independent auditor. "Hostplus is aware of the concerns related to PWC's business practices and will continue to monitor the situation," a spokesperson said. UniSuper, which uses EY for external audit and PwC for internal audit, declined to co ...

AI in ESG: Risk or opportunity?

ROSE MARY PETRASS  |  MONDAY, 5 JUN 2023
... enhance sustainability strategies. AI tools can optimise energy consumption, produce more accurate climate modelling, monitor deforestation, screen candidates without bias. AI can be applied to produce a potential improvement in resource management through ...

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
... enforceable undertaking binds BOQ to an ongoing remedial action plan to improve its AML/CTF program, which AUSTRAC will monitor to ensure it is completed within agreed timeframes. As part of the enforceable undertaking, BOQ will engage an external auditor ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
Spirit Super has corrected a non-compliance issue, amending its process for monitoring the use of reserves to cover expenses that exceed the fees and costs charged to members. Last month, the industry fund acknowledged that it had inadvertently omitted ...

Regulation, funding inhibits digital advice: Report

KARREN VERGARA  |  MONDAY, 22 MAY 2023
Several key risks are inhibiting digital advice providers from operating with confidence, a new report finds, one of which is the red tape that is preventing them from moving successfully forward. AMP's Digital financial advice market scan, together ...

Poor policy administration sees MLC Life pay $22m

JAMIE WILLIAMSON  |  FRIDAY, 19 MAY 2023
... MLC Life did not adequately train staff to remove the flag after reasons for suppression ended and did not appropriately monitor staff's use of the mail suppression feature. This impacted 282 customers. The $10 million penalty is for failing to pay the ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
... conduct as "very serious, wrongful behaviour", noting "the deceased members affected were vulnerable, obviously unable to monitor their accounts and were entirely reliant on the representatives of their estates." ASIC deputy chair Sarah Court said: "The ...

Finfluencers bridge financial advice gap

KARREN VERGARA  |  THURSDAY, 18 MAY 2023
One year since ASIC forced finfluencers to obtain a general advice licence or else, finfluencers playing by the rules are reaching financially illiterate and disengaged Australians in a way that traditional advice has failed to. Finfluencers backed ...

Super funds must prioritise member experience: Consultant

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
A global technology and HR consultancy is urging superannuation funds to shift to experience-led organisations, amid changing member expectations. Bharat Bathi, the lead of Wipro HR Services' retirement services division, says "it's not an option ...

Lumiant, Invest Blue build digital advice platform

CASSANDRA BALDINI  |  MONDAY, 15 MAY 2023
... has been bolstering it's digital capabilities following its recent purchase of an app that helps financial advisers monitor clients' health, longevity and aged care risks that could impact retirement. Prior to the acquisition, it closed a seed ...