Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 511 - 520 of 7360 results for "System"

TPD claim settlements take 'considerably longer': Rainmaker

MATTHEW WAI  |  MONDAY, 12 MAY 2025
New group insurance research finds that total permanent disability (TPD) claims are taking much longer to process, while death claims appear to have more efficient processes in place. According to Rainmaker's latest benchmarking data, a total of ...

HESTA members to keep paying fees as disruption continues

ELIZA BAVIN  |  MONDAY, 12 MAY 2025
HESTA members currently in the midst of an extended limited services period will not see a pause or reduction applied to their administration fees, the fund confirmed. The $89 billion fund is currently transitioning to GROW Inc. (GROW) for its administration ...

Reducing super tax cap to $2m 'a concern': FAAA

ELIZA BAVIN  |  FRIDAY, 9 MAY 2025
... "The pathway to legislative change is long and difficult, so we must get this right now. Partial reform risks making the system more complex, not less," Burgess said. "To achieve meaningful change, we need coordinated action - not fragmented rule-making ...

Industry bodies call for delay to Payday Super

JAMIE WILLIAMSON  |  FRIDAY, 9 MAY 2025
... timeframe is not extended, "a period of chaos would ensue as businesses try to fulfill their compliance obligations through a system that potentially can't deliver." If 24 months can't be done, they've said they'll settle for a 12-month ...

Fed holds rates, but RBA still poised for a cut

ELIZA BAVIN  |  THURSDAY, 8 MAY 2025
... the economy is the impact of Trump's tariffs, which could lead to a global recession. "The upending of the global trade system occasioned by the Trump Administration's tariff agenda will more likely than not see a global recession by year-end," he said. ...

Macquarie reprimanded again for derivatives compliance failures

KARREN VERGARA  |  WEDNESDAY, 7 MAY 2025
ASIC is again taking action against Macquarie Bank for "multiple and significant compliance failures" relating to its futures-dealing business and over-the-counter (OTC) derivatives trade reporting. The failures have been undetected for many years ...

Licensees slash compliance spending: Survey

KARREN VERGARA  |  WEDNESDAY, 7 MAY 2025
... One third of larger businesses have the same sentiment. Derham said this is despite the fact that Australia's regulatory system works on an assumption that conflicts of interest are to be expected and managed. Meanwhile, artificial intelligence (AI)-related ...

Magellan sees $1bn monthly outflows

ELIZA BAVIN  |  TUESDAY, 6 MAY 2025
Magellan Financial Group was hit by $1 billion in net outflows in April, comprising $100 million in net retail outflows and $900 million in net institutional outflows. However, total assets under management (AUM) increased from $37.5 billion in March ...

ASIC streamlines AFSL applications

JAMIE WILLIAMSON  |  MONDAY, 5 MAY 2025
... ASIC said. However, transactions to vary, cancel or maintain an AFSL are still in the works, so the existing eLicensing system will remain operational for now. Those applying for an AFSL can do so through the existing system or via the new portal, for ...

Labor wins: What super, advice industries want

ELIZA BAVIN  |  MONDAY, 5 MAY 2025
... super. SMC chief executive Misha Schubert said the election result was a clear message that Australians want a strong super system. "SMC will continue to work across the full breadth of the Parliament to progress a positive policy agenda to make Australia's ...