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Showing 471 - 480 of 2374 results for "Aware"

ANZ hit with $15m penalty for misleading customers

ANDREW MCKEAN  |  TUESDAY, 26 SEP 2023
... address the issue was a failure to act efficiently, honestly, and fairly. "These are errors that we expect a bank to be aware of and fix in a timely manner. It should not have taken ANZ several years to address this issue," Court said. "ASIC will continue ...

Qantas Super confirms merger plans

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
... laid off staff and the fund saw about $1 billion pour out under the ERS scheme. "The Qantas Super Trustee Board is acutely aware of the privilege and responsibility of managing the superannuation and retirement savings of Qantas Super's members and ...

NAB to pay $2.1m for knowingly overcharging customers

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2023
... penalty for continuing to charge periodic payment fees it knew was not entitled to for almost two years after being made aware of the error. The amount of $2.1 million is the maximum penalty applicable to such conduct, though this was labelled "without ...

Younger Aussies want advice but don't know how to get it: CFS

CASSANDRA BALDINI  |  WEDNESDAY, 20 SEP 2023
Over half of Millennial and Gen Z Australians are keen to seek financial advice but the bulk of them don't know how to access it, a study from Colonial First State shows. According to research commissioned by CFS, 53% of under 40s are open to advice ...

Launch of new superannuation body imminent

JAMIE WILLIAMSON  |  TUESDAY, 19 SEP 2023
... to the new body. The council is comprised of eight foundation funds, being Australian Retirement Trust, AustralianSuper, Aware Super, Cbus, HESTA, Hostplus, Rest, and UniSuper, representing about 10 million members and $1.4 trillion in assets. Serving ...

Boards must crack down on cybersecurity: ASIC

CASSANDRA BALDINI  |  TUESDAY, 19 SEP 2023
... themselves against vulnerability. "Never set and forget, plan for and test for attacks, you can't protect what you aren't aware of," he said. Further, Longo said, boards and directors must ask themselves how to communicate with customers, regulators ...

Aware Super rolls out adviser portal

KARREN VERGARA  |  THURSDAY, 14 SEP 2023
Aware Super has launched a new portal for financial advisers as part of its digital transformation project. Adviser Portal can view their client dashboards, change investment options, manage client contributions, and track actions requested on behalf ...

Industry mega trends impacting distribution roles

ELIZABETH FRY  |  MONDAY, 11 SEP 2023
... super funds that are growing their internal teams. This has prompted the country head to expand her own team. "We hear from Aware Super, and other asset owners that they are still growing their investment teams and the teams that support those investment ...

hmh Advisory launches online platform

CASSANDRA BALDINI  |  FRIDAY, 8 SEP 2023
... expertise." Meanwhile, hmh Advisory director and investment committee member for the solution Eli Staub added the firm is aware that personal financial advice is beyond the reach of many young adults. "Due to the heavy compliance burden on the industry ...

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
... legislated in 2013 that funds must undertake intra-fund consolidation at least once a year. ASIC also claims AustralianSuper was aware of the multiple accounts as far back as February 2018 - at which time there was at least 43,605 members with more than ...