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Showing 491 - 500 of 4206 results for "Action"

Heightened costs push young Aussies to plan ahead: HESTA

MATTHEW WAI  |  TUESDAY, 27 AUG 2024
Close to half of those aged 18 to 39 are taking more action for their retirement in light of heightened cost-of-living pressures, a HESTA study reveals. These actions include salary sacrificing and using online calculators to keep track of their superannuation. ...

ASIC wins case against crypto exchange Kraken

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... Consumers should receive the full protection of the law when dealing in crypto-asset products and we'll continue to take action to ensure this happens," Court said. In response to ASIC, a Kraken spokesperson argued that the organisation complies ...

CSC launches series of retirement options

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
Commonwealth Superannuation Corporation (CSC) has gone live with its retirement income strategy, unveiling a suite of retirement resources. The super fund said it's among the first to go beyond merely publishing information about what a strategy might ...

Regulators given new powers to protect financial markets in crises

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
... supervision powers to strengthen clearing and settlement facility standards, equipping them with the tools to take decisive action to monitor, mitigate, and reduce market risks, he continued. "The new powers include notification requirements, the power ...

ANZ hit with $250m capital penalty

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
... admitting it misreported bond trading data to the Australian Office of Financial Management (AOFM) in 2022-23, and that action has been taken in response to poor behaviour by employees in its markets business. The regulator acknowledged that ANZ has ...

New bill seeks to block investments involving Cbus

ANDREW MCKEAN  |  THURSDAY, 22 AUG 2024
... ongoing review of directors, who must pass a fit and proper assessment. Bragg, however, criticised Cbus for not taking action to remove these board members despite allegations of "thuggery, organised crime, and corruption." This includes claims that ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... under the scheme will see their licence revoked. 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 ...

Super's board requirements are sound: SMC

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
Super Members Council chief executive Misha Schubert has defended the selection requirements for superannuation fund boards in the wake of the CFMEU scandal. Schubert said the shared governance model of profit-to-member funds was created with a "clear ...

Losses further sink Lendlease

KARREN VERGARA  |  MONDAY, 19 AUG 2024
... allocated to long-dated developments in offshore businesses has impacted returns and has necessitated substantial further action. "As we transition to focus on our Australian business, which has a backlog of $3.9b and a strong preferred book, we'll ...

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
RBC Capital Markets and BNY Mellon are among the firms that will collectively pay a whopping US$390 million ($589m) to the Securities and Exchange Commission (SEC) for recordkeeping failures. RBC Capital Markets will pay US$45 million ($68m) while BNY ...