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Showing 21 - 30 of 17534 results for "Report"

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
Major bank Westpac has copped a $26 million fine for neglecting customers facing financial hardship over a six-year period. The Federal Court found the bank failed 277 customers facing financial troubles by not providing a written response to their ...

Heightened cyber threats require greater accountability on governance

MATTHEW WAI  |  WEDNESDAY, 27 MAY 2026
Cyber threats have increased significantly over the past year, and experts are advising financial services businesses to enhance their security framework, not only to shield their digital infrastructure but to also to ensure their governance policies ...

Deutsche Bank names head of platform sales in Australia

ELIZA BAVIN  |  TUESDAY, 26 MAY 2026
... settlement of derivatives transactions and supporting clients in managing counterparty risk. Hair will be based in Sydney and report to head of leveraged distribution sales and execution APAC Andrew Walker, and head of platform sales APAC Praveen Vijay. ...

MPC Markets partners with HeirWealth

VINNY VUCAGO  |  TUESDAY, 26 MAY 2026
MPC Markets has selected HeirWealth Atlas to power the portfolio reporting capabilities within its Mosaic client platform. The partnership will provide MPC Markets advisers with consolidated multi-asset reporting, automated branded review documents ...

APRA funding levy rises to $253m

KARREN VERGARA  |  TUESDAY, 26 MAY 2026
APRA's funding levy will rise by 4.2% to $253.3 million for the 2027 financial year, Treasury estimates show, with superannuation funds expected to cover one third of this charge. Split across the sectors it regulates, APRA apportioned $81.2 million ...

ATO sounds alarm as Payday Super deadline nears

VINNY VUCAGO  |  MONDAY, 25 MAY 2026
The Australian Taxation Office has urged employers to act immediately ahead of the introduction of Payday Super on July 1, warning businesses have just five weeks remaining to prepare for one of the biggest changes to the superannuation system in years. ...

AFCA appoints lead superannuation ombudsman

VINNY VUCAGO  |  MONDAY, 25 MAY 2026
... financial firms implement consumer protection and hardship frameworks in practice. In its latest Systemic Issues Insight Report released last week, AFCA warned that while many financial services firms had established sound hardship and vulnerability ...

Unit trusts FUM 'plateaued': Rainmaker

MATTHEW WAI  |  MONDAY, 25 MAY 2026
... trusts only made gains through positive market returns over the 12 months to March end. In the Managed Funds Net Flows Report, which tracks 160 investment managers' performances over the period, 77 had net inflows and 83 had net outflows. The overall ...

ASIC backs Australia's fintech edge as AI reshapes financial services

VINNY VUCAGO  |  FRIDAY, 22 MAY 2026
... and regulators will need to work together to ensure that Australia not only keeps up but stays ahead," Longo said. The report forms part of ASIC's broader push to support responsible innovation while maintaining consumer protections and market integrity ...

Super fund-backed AFSL adviser numbers drop: Rainmaker

RIDDHIMA TALWANI  |  FRIDAY, 22 MAY 2026
... March 2026. "This contraction contrasts sharply with the expansion in both membership and funds under management," the report said. "The financial advice workforce continues to contract, limiting the capacity of traditional, in-person models to meet ...