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Showing 421 - 430 of 8393 results for "Los"

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
HESTA has agreed to make payments to two cohorts of members impacted by valuation decisions made by the fund in March 2020. APRA said in March 2020, HESTA made downwards adjustments to five single sector Choice options invested in unlisted assets but ...

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
The Australian Securities and Investments Commission (ASIC) has filed proceedings against National Australia Bank (NAB) in the Federal Court. ASIC alleges NAB failed 345 of its customers at their most vulnerable when they applied for hardship support ...

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
ASIC has launched legal proceedings against Cbus over delays in the processing of insurance claims made by members. Court documents were filed by ASIC in the Federal Court today, alleging members were impacted by delays to death and TPD claims processing ...

Systemic issues impact 20k consumers: AFCA

MATTHEW WAI  |  MONDAY, 11 NOV 2024
The Australian Financial Complaints Authority (AFCA) revealed some of the most common systemic issues it saw in the second half of FY24, including continued non-compliance with the Protecting Your Super regime. According to the Systemic Issues Insights ...

'No alternative': ESSSuper sues Iress

JAMIE WILLIAMSON  |  MONDAY, 11 NOV 2024
The $37 billion superannuation fund is suing Iress, saying there has been numerous incidents and breaches since they partnered which have had a material impact on the fund and its members. ESSSuper has filed Federal Court proceedings against Iress and ...

HESTA red flags MinRes for governance failures

ANDREW MCKEAN  |  FRIDAY, 8 NOV 2024
HESTA chief executive Debby Blakey has said the super fund has been engaging directly with MinRes regarding its recent governance failures and "remains disappointed" with the company's responses. "Our concerns include that the managing director's ...

ANZ profit slides, cuts dividend

ELIZA BAVIN  |  FRIDAY, 8 NOV 2024
ANZ announced a statutory profit after tax for the full year of $6.53 billion, down 8% from the prior year. The bank proposed a final dividend of 83 cents per share, partially franked at 70%. ANZ said the result reflected several one-off events related ...

Commonwealth Super reports strong investment performance

ANDREW MCKEAN  |  THURSDAY, 7 NOV 2024
Commonwealth Super Corporation (CSC) has reported strong investment performance as its five-year transformation program takes shape. The $70 billion super fund's default MySuper investment option delivered a "healthy" 9.1% return over the past financial ...

Federal Court quashes case against ex-Dixon Advisory director

ANDREW MCKEAN  |  WEDNESDAY, 6 NOV 2024
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 ...