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Showing 331 - 340 of 2650 results for "Practices"

ANZ hit with $250m capital penalty

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
... add-on applied to ANZ to $750 million in response to heightened concerns about the bank's non-financial risk management practices. APRA said it has longstanding concerns with ANZ's non-financial risk management, having imposed a $500 million operational ...

New bill seeks to block investments involving Cbus

ANDREW MCKEAN  |  THURSDAY, 22 AUG 2024
... week, APRA imposed additional licence conditions on Cbus, mandating that an independent expert review their expenditure practices to assess whether they've acted in the best interests of members. Cbus chief executive Kristian Fok said the fund supported ...

RI Toowoomba eyes regional market

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
RI Toowoomba has acquired a risk advice business as it flags bold ambitions to acquire four more regional practices before the end of the year. RI Toowoomba, which is part of the AZ NGA stable, has recently taken over Lifecover Australia, a risk-only ...

Misconduct cases soar at CBA

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... investigation." CBA said it has spent around $236 million during the year ended June 30 in relation to its previously owned advice practices. "The group recognised an increase in the provision for aligned advice remediation issues and program costs for ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... retirement savings of nearly one million Australians, will also have independent expert scrutinise their expenditure practices, assessing whether they've consistently acted in the best financial interests of members. The spotlight on fitness and ...

Acquisitions boost WT Financial Group results

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... Millennium3 Financial Services from Insignia Financial, paying $2 million. Some 75 wealth and personal risk insurance practices joined WTL, adding about $5 billion to funds under advice (FUA). The WTL advice networks, which also comprises Wealth Today ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... spokesperson told Financial Standard that it's a "highly regulated financial institution" with "robust governance practices" that meets its legislative obligations regarding the appointment and ongoing review of directors. "Our members can be reassured ...

AMP sells advice licensees to Entireti, AZ NGA

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2024
... advice licensees and support services business to Entireti and AZ NGA and offload its minority stakes in 16 individual practices. It comes as the advice business reports a net loss of $15 million. Entireti, formerly Fortnum Private Wealth, and AZ NGA ...

Chief financial officer roles 'widely ambiguous': Research

ELIZA BAVIN  |  TUESDAY, 6 AUG 2024
... digital technologies to improve their accounting processes and data, they are able to improve their core accounting practices and provide information in a reliable and timely manner to support decisions. Through this process they are able to enhance ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... importance on ESG considerations when making investment decisions. Any misrepresentations in relation to ESG policies or practices associated with financial products or services, whether as an aspect of "greenwashing" practices or otherwise, undermines ...