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Showing 371 - 380 of 7356 results for "System"

RBA's Hauser warns super funds of $1tn FX risk

ELIZA BAVIN  |  WEDNESDAY, 17 SEP 2025
... the heart of a quite exceptional period of uncertainty about the future direction of the global economic and financial system." Hauser said while Australian investors have always looked overseas for diversification, and to access a larger pool of opportunity ...

Former staffer sues ASX, Lofthouse over bullying

ELIZA BAVIN  |  TUESDAY, 16 SEP 2025
... market operator in 2015 and 2017 about issues with testing and engineering architecture for the replacement of the CHESS system. He alleges the ASX did not have the resources for critical technology projects and that it breached the law requiring it ...

Cbus vows faster death benefit payouts

KARREN VERGARA  |  TUESDAY, 16 SEP 2025
After being caned by ASIC for making beneficiaries wait for more than 90 days to receive a death benefit, Cbus is vowing to pay them faster. Where members have not nominated a beneficiary, Cbus said benefit payments will be paid to the surviving current ...

Another industry body urges Division 296 reconsideration

MATTHEW WAI  |  TUESDAY, 16 SEP 2025
... restructure their affairs without penalty; and index the $3 million threshold annually to account for inflation and ensure the system remains fair and equitable over time. Chen said the $3 million threshold will equal to a "fraction" of the retirement ...

Insurers' approaches reinforcing mental health stigma: Life CCC

MATTHEW WAI  |  TUESDAY, 16 SEP 2025
The Life Insurance Code Compliance Committee (Life CCC) has found many insurers are still using blanket mental health exclusions despite being required to assess customers' individual circumstances. Releasing its report on life insurers' compliance ...

Geopolitics, AI tests prudential regulation: APRA

KARREN VERGARA  |  MONDAY, 15 SEP 2025
... environment, the importance of a robust prudential framework takes on greater significance. A stable and resilient financial system - one that absorbs shocks and does not amplify them - remains critical to supporting the economy through periods of turbulence," ...

ANZ fined $240m for bond trading, retail misconduct

KARREN VERGARA  |  MONDAY, 15 SEP 2025
ANZ has copped a whopping $240 million fine for bank-wide "unconscionable conduct" that includes admitting it was guilty of misleading the government over the $14 billion bond scandal. The misconduct relates to five separate matters spanning the retail ...

ASIC takes aim at super, private markets

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
ASIC commissioner Simone Constant says that three years into the Retirement Income Covenant, things are "not where we'd hoped to be". Speaking at a FINSIA event on Friday, Constant said there is still room to improve the ways super trustees serve their ...

AMP settles class action for $120m

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
... the AMP Group over those of its members. Transparency and fairness are fundamental to the integrity of the superannuation system, and the financial security of Australians is placed at risk when those principles fall by the wayside." The case was initiated ...

SMC calls for greater protections against financial abuse of older Australians

ANGELIQUE MINAS  |  MONDAY, 15 SEP 2025
... restoring trust in systems designed to protect their retirement funds. SMC chief executive Mischa Shubert urged the super system to respond with compassion, clarity, and consistency and expressed support for AFCA's efforts at wider consultation as well ...