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Showing 311 - 320 of 4158 results for "Action"

Coalition targets 'ambitious' goal of 30k advisers

ELIZA BAVIN  |  TUESDAY, 15 APR 2025
... advisers. A numerical target for rebuilding adviser numbers is a helpful signal of intent, though this must be matched by action that makes the profession more viable and attractive to new entrants. "We continue to advocate for concrete reform to CSLR ...

'Crises happen': Investors reminded to stay calm

ELIZA BAVIN  |  WEDNESDAY, 9 APR 2025
... response. To shift from a knee-jerk reaction to a more logical and reasoned one. For most investors, the best course of action will be to stay calm, stick to your plan and, rather than be scared by volatility, be alive to the opportunities that it may ...

Cyberattacks on super funds expose 'critical vulnerability'

ANDREW MCKEAN  |  MONDAY, 7 APR 2025
... need" for proactive dark web monitoring, as knowing when member credentials are compromised allows funds to take immediate action before attackers can exploit them. Commonwealth Superannuation Corporation recently told Financial Standard how it is actively ...

Cybercriminals attack major super funds

ANDREW MCKEAN  |  FRIDAY, 4 APR 2025
... to 600 members' stolen passwords to login into their accounts in attempts to commit fraud. "While we took immediate action to lock these accounts and let those members know, there are things members can do right now to protect themselves online. ...

The super fund scouring the dark web to protect members

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
A compromised identity could result in financial harm, including the loss of superannuation savings, a particularly prominent risk given the volume of members' personal data available for sale. This super fund is fighting back with a novel approach. ...

The tax system is being weaponised to inflict abuse, ombudsman says

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
... procedures and guidelines on the circumstances in which it may permanently remove a debt, defer or discontinue recovery action, or provide other types of relief for tax liabilities incurred because of financial abuse. In a bid to hold perpetrators to ...

APRA hits ANZ with $1bn capital penalty

ELIZA BAVIN  |  THURSDAY, 3 APR 2025
... regulator was not prepared to wait for the possibility of a serious prudential problem crystallising at ANZ before taking action. "ANZ remains financially sound with robust levels of capital and liquidity, however problems with the bank's management ...

Investors called on to help end modern slavery

ELIZA BAVIN  |  THURSDAY, 3 APR 2025
... involves getting curious and asking not what actions you took, but rather what you achieved as a result of those actions. Action is a choice." Evans said he will be advancing the debate in Australia about how businesses and investors can strengthen their ...

Court approves Caddick SMSF class action settlement

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
The Federal Court has approved the settlement amount of $3.54 million for Melissa Caddick victims who brought a class action against auditors that failed to detect fraudulent activities in their SMSFs. Michael Chapman, a director at Mackay Chapman ...

CSLR costs driven by poor advice: AFCA

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
The Australian Financial Complaints Authority (AFCA) lead ombudsman, investments and advice Shail Singh has told financial advisers that poor practices are the main contributor to the soaring costs of the Compensation Scheme of Last Resort (CSLR). "It's ...