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Showing 461 - 470 of 4161 results for "Action"

Misconduct cases soar at CBA

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... shareholder class actions, two in relation to superannuation products, two related to financial advice as well as a class action which commenced in New Zealand. "The board continues to monitor each of these proceedings and investigations," CBA said. ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... of funds and or unlawful conduct by elected officials, will be met by "swift, well-resourced and significant enforcement action." APRA said it was concerned about "the potential impact on trustees" in light of recent allegations, particularly given the ...

Wollemi Capital appoints former state Treasurer

ELIZA BAVIN  |  MONDAY, 12 AUG 2024
... who was recently appointed chair of the Climate Change Authority - brings deep expertise in catalysing public and private action on climate. Prior to the appointment, Kean was the member of Hornsby in the NSW state government for 13 years, holding several ...

FAAA calls on advisers: 'We ask for your support'

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... for the CSLR. The FAAA also took aim at the Australian Securities and Investments Commission (ASIC) for "failing to take action against Dixon Advisory in a timely manner" and for postponing the end date of Dixon's AFCA membership. Anderson said the latter ...

UK regulators propose framework for workplace pension schemes

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
... amber, or green, with poor performing ones required to either improve or transfer members to better alternatives, with no action required from members. The FCA said it seeks to reduce the number of workplace pensions that are delivering poor value and ...

Industry demands action to stop abusers claiming victims' super

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
The superannuation sector's biggest bodies are calling on the government to introduce legal reforms that would prevent family violence abusers from being able to access their victims' super. Existing laws permit abusers to claim an abuse victim's ...

AMP sells advice licensees to Entireti, AZ NGA

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2024
... it will retain responsibility for all inflight litigation relating to the advice business, including the ongoing class action related to commissions for advice and insurance advice. Proceedings for this case are listed for a four week trial in the first ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... required to cancel the licence of that entity." While the cancellation might not be "automatic" per se, Berry said such action ultimately sits with ASIC and how it carries it out. "But the legislation is really clear. [The] words in the legislation is ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... licence conditions by APRA in 2019 to address "a range of concerns" regarding its compliance. APRA previously said the action arose from issues identified during its ongoing prudential supervision of AMP Super, along with matters that emerged during ...

ANZ staff axed over treasury bond scandal

ELIZA BAVIN  |  THURSDAY, 25 JUL 2024
... been very clear with our people. Where we find any evidence of wrongdoing, those involved will be held accountable and action will be taken. The board will also lead a process to ensure consequences will be applied to senior executives, both past and ...