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Showing 21 - 30 of 431 results for "Remediation"

OnePath Custodians fined $11m for MySuper failures

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... response, Insignia Financial said it has made a provision of $23 million after tax, including for the penalty amount and remediation purposes.

Data concerns land Fiducian with additional licence conditions

JAMIE WILLIAMSON  |  TUESDAY, 16 JUL 2024
... published at the end of August, with APRA accepting data up until August 15. Fiducian must also develop and implement a remediation plan to address any recommendations or areas of concern identified by the expert and provide APRA - which must approve ...

Adviser permanently banned for faking qualifications

JAMIE WILLIAMSON  |  TUESDAY, 9 JUL 2024
... judgment, trustworthiness, and professionalism," the regulator said. "Cojag has informed ASIC of its client review and remediation measures in response to Mr Vee's conduct. Cojag have cooperated with ASIC's enquiries."

APRA hits Mercer with additional licence conditions

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
... terms of the new licence conditions, which came into force from 27 May 2024, Mercer Super must develop and implement a remediation plan in conjunction with an independent expert that addresses the deficiencies identified by APRA. Mercer will also be ...

Industry funds set to gobble up over 50% of superannuation assets

ANDREW MCKEAN  |  THURSDAY, 21 MAR 2024
... under the Your Future, Your Super package. Retail funds will also grow, but at a slower rate reflecting the gradual remediation of issues raised by the Hayne Royal Commission. SMSFs will remain popular, but their growth is expected to be less strong ...

Insignia details transformation progress

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... up 1.2% on 1H23. However, its statutory NPAT was impacted by costs related to its ongoing restructure and increased remediation provisions, resulting in a $49 million loss. Its funds under management and advice increased by $15.5 billion to $300.6 billion ...

Risk, compliance staff in hot demand

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... small cog in a much more complex banking risk and compliance system." Those who have been employed as contractors for remediation programs that have come to an end are also facing the prospect of taking a significant pay cut to enter the market in a ...

Unlisted asset valuation practices under review

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... APRA said it "will take a proportionate response and may intensify supervision, require root cause analysis, request remediation plans, and consider enforcement action." An example of this was the regulator's action against NGS Super in December, slapping ...

AMP revamps Jigsaw Advice Solutions

JAMIE WILLIAMSON  |  THURSDAY, 14 DEC 2023
... marketing services. Advisers also have the option to add-on other services like complaints handling, individual client remediation, business consulting, professional year support, and money management solutions. In enhancing the offering, AMP has made ...

MLC Life names general manager, remediation

JAMIE WILLIAMSON  |  MONDAY, 11 DEC 2023
MLC Life has hired the man who led Commonwealth Bank's recent $1 billion remediation program to the role of general manager, remediation programs. Ian Fletcher, currently general manager of program strategy, customer remediation at Commonwealth Bank ...

Editor's Choice

Ausfood Super appoints chief executive

ELIZABETH FRY
Australian Food Super, the superannuation fund set up for employees in the meat industry, has named Michael Sykes as its new CEO.

mFunds sparked ASX outage, $1m credit issued

KARREN VERGARA
The ASX said the outage from last month largely stemmed from the now-defunct mFunds and will subsequently credit participants $1 million to make amends.

Aussie shares cost 8% more on rebalance days: Dimensional

KARREN VERGARA
Investing in the S&P/ASX 300 on a day it rebalances puts an 8% premium on share prices, a phenomenon that follows major global indices, new research from Dimensional Fund Advisors finds.

Rest appoints first-ever chief of staff

ANDREW MCKEAN
Rest has appointed a senior wealth management leader and superannuation expert from Insignia Financial to take the reins as chief of staff.

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