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Showing 431 - 440 of 3419 results for "Update"

Super fund, insurer admin issues draw AFCA complaints

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... led to large compensation payouts, according to the Australian Financial Complaints Authority (AFCA). AFCA's latest update details the systemic issues that plague financial services firms but does not name the organisations in its report. One unnamed ...

ASIC updates breach reporting rules

KARREN VERGARA  |  FRIDAY, 20 OCT 2023
ASIC is making changes to its reportable situations regime, which includes extending the reporting deadline for some breaches. Licensees will now have 90 days to submit a reportable situation instead of 30 days in situations that have "underlying circumstances ...

Netwealth to distribute private markets offering

ANDREW MCKEAN  |  THURSDAY, 19 OCT 2023
... to help them achieve their clients' investment objectives." Today, Netwealth also disclosed its quarterly business update to the ASX, revealing a large increase in funds under administration (FUA) from $1.7 billion for the September quarter, despite ...

Magellan mulls converting closed-end fund

KARREN VERGARA  |  TUESDAY, 17 OCT 2023
... from 22.6% (9 November 2022) to 12% (17 August 2023). While Magellan managing director David George said in a September update that he is pleased that the discount has narrowed, he added that "there is more that can be done." This includes driving value ...

AMP shareholder class action settlement slashed

KARREN VERGARA  |  MONDAY, 9 OCT 2023
... take into consideration factors like the registration deadline and the interest earned on the settlement amount. In an update, Maurice Blackburn is urging AMP shareholders who have not registered to be part of the lawsuit, which reached an in-principle ...

GESB debuts first sustainable option

JAMIE WILLIAMSON  |  WEDNESDAY, 4 OCT 2023
The West Australian scheme is now offering members a dedicated ESG option, managed by Pendal. The Sustainable Balanced investment plan was made available to members of GESB Super, West State Super and Retirement Income Allocated Pension members on September ...

Super funds offer merger update

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... as a result will be merged in the first half of 2024." All members will sit within the CBA Group Super Plan in ART, the update notes. For those members that don't wish to join ART, they will have until October 25 to transfer their retirement savings ...

Bridges adviser base drops 20%

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
... 2022, Insignia slashed 30 adviser roles because of integrating MLC Advice and Bridges. "As reported in our recent market update last month - during the year, Insignia Financial undertook deliberate and decisive steps as it continues to refine and realign ...

APRA moves to ensure improved member outcomes

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
APRA is updating Prudential Standard 'Strategic Planning and Member Outcomes' (SPS 515) to enhance member outcomes in superannuation, including requiring trustees to justify business-related expenses. The regulator's changes seek to align expenditure ...

MLC Life unveils retail discounts

KARREN VERGARA  |  FRIDAY, 22 SEP 2023
MLC Life Insurance has introduced several discount changes that can save new and existing retail customers up to 50% across various products. For financial advisers and new clients, MLC Life has applied a range of discounts across different products ...