Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 341 - 350 of 4161 results for "Action"

'Less revenue for us': AustralianSuper on closing multiple accounts

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
... court in the proceedings as one of the pieces of evidence that we relied upon, and obviously there were concerns about any action by any superannuation trustee that indicates an attempt to benefit the trustee over the interests of the member." During ...

Perpetual calls off KKR deal

KARREN VERGARA  |  MONDAY, 24 FEB 2025
... said. "After extensive review of the options available to Perpetual shareholders, we believe this is the right course of action to deliver long-term value for our shareholders. My conviction in the quality, performance and growth opportunities across ...

Cost-of-living continues to rock retirement confidence

MATTHEW WAI  |  MONDAY, 24 FEB 2025
... and reality. CFS executive director of retirement and growth Marissa Powe said it is important for Australians to "take action" if they would like to achieve a comfortable retirement. "Speaking to your super fund or financial adviser is a great place ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... required for the period between 13 March 2019 and 11 May 2023. Some 42,551 beneficiaries were affected. ASIC instigated action in October 2024, alleging that the $360 billion super fund's misdeeds stretched back to 10 years. AustralianSuper admitted ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
... ASIC told super fund chief executives that there were many shortcomings it had identified so far that required immediate action, as it prepared to release the report Constant referred to while fronting the Senate economics committee. Among them, ASIC ...

Foreign investors banned from buying homes

ELIZA BAVIN  |  MONDAY, 17 FEB 2025
... years from 2025-26," Chalmers said. "This will ensure that the ban and exemptions are complied with, and tough enforcement action is taken for any non-compliance." Alongside the temporary ban on foreign purchases of established dwellings, the government ...

Super's operational infrastructure 'not quite right'

ELIZA BAVIN  |  FRIDAY, 14 FEB 2025
The super sector's "underdeveloped" operational infrastructure has been highlighted as a main area of concern in a new research report from the Conexus Institute. The report highlighted failures in member servicing - which have been heightened in the ...

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
... failures. Rest's mishandling comes as other major superannuation funds have been caught up in ASIC investigations and legal action for stalling on death benefit payouts. The industry fund, which has over two million members, wrote to impacted members ...

ASIC updates on SMSF advice review

ELIZA BAVIN  |  THURSDAY, 13 FEB 2025
... we expect to release public messages about our findings. Where appropriate, we will take enforcement or other regulatory action against misconduct," ASIC said. Meantime, ASIC addressed concerns over how advisers and licensees are prepared for the use ...

Finance workers worry about job displacement from AI, government urged to take action

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
Financial services employees worry their jobs are being increasingly upended by artificial intelligence (AI), as an inquiry asks the government to urgently balance technological advancements and potential job displacements. The Future of Work report ...