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Showing 31 - 40 of 4981 results for "ASIC"

Swan tells Bragg he won't front parliament

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
... way we manage claims made by our members and their loved ones. "These matters remain the subject of legal proceedings by ASIC, and we are focussed on continuing to improve the support we provide members. "Given that, John [Edwards, Cbus board risk committee ...

ASIC issues new guidance on DBFO reforms

KARREN VERGARA  |  FRIDAY, 22 NOV 2024
ASIC has issued new regulatory guidance for financial advisers and superannuation trustees relating to four strands of the Delivering Better Financial Outcomes (DBFO) reforms. The regulator issued two new documents regarding fee arrangements: Information ...

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... by the middle of next year and a dedicated team has been established to support affected beneficiaries. This comes after ASIC launched proceedings against Cbus just this month for the same issue. Court documents filed by ASIC alleged Cbus members were ...

ASIC narrows in on private market investments

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
ASIC commissioner Simone Constant said the corporate regulator is focused on driving consistency and transparency around super fund investments in the private market. "We have an ongoing dialogue with APRA's work around the valuation of unlisted assets ...

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 ...

Chalmers unveils new superannuation reforms

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... that meet their needs and help them make the most of their super," Chalmers said. Additionally, the government has asked ASIC and APRA to prepare a new pulse check report by the end of 2025 to assess trustees' progress under the Retirement Income ...

Former adviser charged with dishonest conduct

KARREN VERGARA  |  TUESDAY, 19 NOV 2024
... February 2025. It is being prosecuted by the Office of the Director of Public Prosecution (CDPP) following a referral from ASIC. He is currently on bail. The CDPP is also investigating him for allegedly providing false or misleading information to ASIC ...

Intergenerational wealth picture 'bleak': Grattan

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... "sense of hope" about the future rather than the sense that they are being "systematically screwed over". Speaking at the ASIC Annual Forum, Sathanapally said Grattan's analysis has shown how large the wealth disparity has become over the past 25 years ...

Blockchain platform MezFi launches

KARREN VERGARA  |  MONDAY, 18 NOV 2024
... property investments designed for the wealthy via Digital Fund Tokens (DFTs). The platform essentially houses MezFi Fund 1, an ASIC-registered managed investment fund that aims to achieve returns of 9% to 13% per annum, targeting retail investors in ...

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 ...