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| | | ... this month, and that Cbus has since taken action to improve servicing with additional people deployed across assessments, case management and complaints teams. ASIC alleges the number of impacted members is closer to 10,000 - more than 50% of all the ... |
| | | | ... that the test will deepen APRA's understanding of transmission channels between industries. "That will especially be the case for superannuation trustees, who typically have less stress testing experience and capability than the banking sector," McCarthy ... |
| | | | The Reserve Bank of Australia (RBA) is seeking industry feedback on a central bank digital currency (CBDC) research initiative, Project Acacia. The project will explore how different forms of digital money and associated infrastructure could support ... |
| | | | ... hardship support. Our data shows customers, in general, are holding up better than expected. However, we know that's not the case for everyone, and our team stands ready to help those who are doing it tough with tailored solutions." |
| | | | ... settles on the US Presidential election, that the US bond market has a lot to think about," Miller said. "And if that is the case, the reverberations will continue to be felt through the entire gamut of financial assets." Schroders head of multi-asset ... |
| | | | The Federal Court has dealt ASIC a legal blow, dismissing its case against former Dixon Advisory director Paul Ryan and ordering the corporate regulator to cover his legal costs. The regulator accused Ryan of contravening his statutory duties as a director ... |
| | | | ... given the tone from the central bank, there is now a small chance interest rates may not move at all in 2025. "Our central case is that the RBA's first cut will not arrive until Q2 2025, but we see an increasing risk that it takes even longer for ... |
| | | | ... strong long-term returns for members so they can secure the future they want in retirement. "This has not always been the case in Australia. Without the sacrifices and courage of workers in the building and construction industries in the 1980s, there ... |
| | | | ... are offered to retail and sophisticated investors, the Oak Capital Mortgage Fund and Oak Capital Wholesale Fund. Filing a case with the Federal Court, ASIC alleges Oak Capital made close to 50 loans over a four-year period to companies that it had no ... |
| | | | AFCA's Annual Review revealed the ombudsman service received a record 104,861 complaints from consumers and small businesses in 2023-24, up 8% on the year before. Of those, AFCA received 7325 superannuation complaints, a 5% increase from the previous ... |
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