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Showing 491 - 500 of 4263 results for "Action"

Swan hits back at Bragg: 'That's wrong of you'

ELIZA BAVIN  |  FRIDAY, 29 NOV 2024
... questions around the super fund's claim handling delays, governance and payments made to the CFMEU. Cbus is facing legal action from the Australian Securities and Investments Commission (ASIC) over claims handling delays that saw some members wait ...

Regulators warn of possible issues with FAR reporting

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... further consideration. "Where entities fail to comply with their obligations under the FAR, the regulators may take further action, including once the FAR takes effect for the insurance and superannuation industries," the letter read.

BlackRock, State Street, Vanguard sued over climate stance

JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2024
... than half by 2030," the Attorney General's office said. The filing claims the companies' used their membership of Climate Action 100 and the Net Zero Asset Managers Initiative to "signal their mutual intent" to depress the output of thermal coal, increasing ...

Macquarie fined $25m over 400 fake trades

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
... resulted in a larger sum, but MBL agreed to resolve these matters and so qualified for a discount. "If MBL had taken timely action to plug these gaps in their systems and controls, this cost could have been substantially reduced or avoided altogether," ...

HPI calls Hostplus, Charter Hall takeover 'cheap'

KARREN VERGARA  |  TUESDAY, 26 NOV 2024
... the holiday season. We hope you'll be relieved to receive this card from us inviting you to do nothing and take no action with Charter Hall's offer," HPI chair Giselle Collins said. "HPI is expecting to deliver 19.7 cents per security in full-year ...

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... it told super fund chief executives that there are many shortcomings it's identified so far that require immediate action. ASIC already took action against AustralianSuper in September last year over its failure to properly monitor and consolidate ...

Northern Trust launches new solution for insto investors

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... need to be tied up as collateral and managing counterparty exposure effectively. This showcases our technology vision in action, delivering the agility, resilience, automation, and long-term value our clients require." Northern Trust Asset Servicing ...

ATO recovers $900m in unpaid super

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... ATO shows $932 million in previously unpaid superannuation reached the retirement accounts of 797,000 employees following action by the tax office. In the past year, the ATO proactively contacted about 167,000 employers who owed Superannuation Guarantee ...

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 ...

Cbus confirms CFMEU nominations to board

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... with the licence conditions and, in light of decisions announced today by the Cbus board, will consider whether further action is appropriate," the regulator said.