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Showing 391 - 400 of 4156 results for "Action"

ATO recovers $900m in unpaid super

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... ATO shows $932 million in previously unpaid superannuation reached the retirement accounts of 797,000 employees following action by the tax office. In the past year, the ATO proactively contacted about 167,000 employers who owed Superannuation Guarantee ...

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
Following its recent action against Cbus, ASIC has warned all super trustees to ensure they are processing death benefit claims efficiently, saying it has seen "consistently weak" practices and "operational failures." ASIC has put super funds on notice ...

Cbus confirms CFMEU nominations to board

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... with the licence conditions and, in light of decisions announced today by the Cbus board, will consider whether further action is appropriate," the regulator said.

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... improvements to HESTA's valuation policies and procedures, APRA has decided to close its investigation without further action," APRA said. A HESTA spokesperson said the fund had been in discussions with APRA around adjustments to the number of units ...

Lack of action on menopause driving gender inequity

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2024
One in three women are financially worse off due to menopause and it's adversely impacting their retirement prospects, according to fresh data from MetLife. MetLife surveyed 1058 women and non-binary individuals aged between 35 and 64 experiencing perimenopause ...

ASIC sues NAB for failing customers

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
... to appropriately support customers experiencing financial hardship," Longo said. "We will not hesitate to take decisive action when banks and lenders fail to comply with their obligations." ASIC is seeking declarations, pecuniary penalties, and adverse ...

Advice take up falls amid decade-low retirement confidence

MATTHEW WAI  |  FRIDAY, 15 NOV 2024
... seeking advice - that can lead to genuine financial readiness, not just a sense of preparedness," Guiamatsia said. "Taking action positively correlates with a greater feeling of preparedness." Adversely, retirees are increasingly confident to fund their ...

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... In 2023, ASIC's new investigations grew by 25% year on year, while civil proceedings rose 23%. This included taking action in the areas of greenwashing, cryptocurrency, predatory lending, high-cost credit, and insider trading. "Our 2025 enforcement ...

Second bidder enters SelfWealth takeover talks

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... or any financing conditions," the SelfWealth board told shareholders. "SelfWealth shareholders do not need to take any action in relation to the Bell proposal or the Axi proposal. There can be no certainty that either proposal will result in a binding ...

Fair Work ruling, ASIC put offshoring arrangements on notice

KARREN VERGARA  |  THURSDAY, 14 NOV 2024
Fair Work Australia's (FWA) recent ruling in favour of a Philippines-based worker to bring an unfair dismissal case against the former employer could serve as a warning for financial services firms who rely on offshoring, as the corporate regulator ...