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Showing 21 - 30 of 1325 results for "AFFECTED"

Binance Australia to pay $10m over deliberate customer misclassifications

MATTHEW WAI  |  MONDAY, 30 MAR 2026
... contribute to ASIC's costs. The penalty comes in addition to approximately $13.1 million in compensation paid to the affected clients, which ASIC oversaw in 2023. Commenting, ASIC chair Joe Longo said Binance failed to impose basic compliance measures ...

Prime Super closes two options

KARREN VERGARA  |  WEDNESDAY, 25 MAR 2026
... discontinue from April 30. Pension accounts (Transition to Retirement or Retirement Income Stream) invested in this will not be affected. Accumulation members still invested in this option after this time, will have the portion of their existing balance ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... the managing director of Infocus City West based in Perth, has personally engaged with several clients who have been affected. "It's been devastating, listening to their stories and the pure panic and the disbelief that they are experiencing and ...

Massive Acenda job cuts ire former staff

KARREN VERGARA  |  TUESDAY, 17 MAR 2026
... chair, while Karen Malzard was named group chief risk officer. The FSU stated most of the redundancies "appear to have affected workers from the MLC Life side of the merged business, raising concerns among staff about how the integration is being managed." ...

Former Tyndall managers to run Bell's first Aussie equities strategy

MATTHEW WAI  |  THURSDAY, 5 MAR 2026
... was 50% owned by Yarra Group, made the decision after a mandate loss in December. A total of seven staff members were affected.

Life insurer sanctioned for invalid access to customer information

MATTHEW WAI  |  TUESDAY, 3 MAR 2026
... through the insurer's own quality assurance and monitoring processes, the Life CCC said. In total, 2171 applications were affected, impacting more than 2000 customers. Although the insurer has since enhanced staff training for underwriting teams, fixed ...

Governance issues on the rise: ASIC

ELIZA BAVIN  |  WEDNESDAY, 25 FEB 2026
... through refunds. This includes the court enforceable undertakings that saw Macquarie pay $321 million to around 3000 affected Shield Master Fund investors and Netwealth pay $101 million to more than 1000 affected First Guardian Master Fund investors. ...

Sequoia weighs InterPrac's fate, launches review

KARREN VERGARA  |  TUESDAY, 24 FEB 2026
... investors overnight the "negative media attention" surrounding InterPrac has created operating challenges and negatively affected adviser confidence, product access and revenue stability across the broader advice market. "In recent times we have seen ...

Advisers at the forefront of elder financial abuse prevention

KARREN VERGARA  |  FRIDAY, 20 FEB 2026
... to 446,500 and is set to more than double by 2065. Many clients of financial advisers, lawyers and accountants will be affected, Hacker said, so they need to understand how to help and support them and be their advocates. "Sometimes it might only be ...

Praemium ramps up digitisation, cuts headcount by 28%

KARREN VERGARA  |  TUESDAY, 17 FEB 2026
... Group for $7.5 million, which finalised on January 22. Jobs in IT development, maintenance and infrastructure will be affected as a significant number of these duplicate roles will be reduced. The group has about 370 staff members based here and overseas. ...