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Showing 541 - 550 of 7360 results for "System"

US pension funds haemorrhage US$249bn

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
The 25 largest state and local pension investment funds in the US have lost an estimated US$249 billion in public equities, according to the Equable Institute. The institute, which is a bipartisan nonprofit, said most of the damage occurred over the ...

Paying more fees doesn't speed up superannuation death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
Paying higher superannuation fees doesn't equate to getting death benefits paid out faster, according to research by Super Consumers Australia (SCA). In the wake of a review by ASIC into death benefit claims handling practices of superannuation trustees ...

ASIC asks for input on reportable situations, IDR dashboards

JAMIE WILLIAMSON  |  THURSDAY, 10 APR 2025
... regimes by enhancing transparency and accountability to encourage improved behaviour and increase confidence in the financial system, while also highlighting areas of concentration of significant breaches and complaints and enabling firms to target improvements ...

NPP not suitable as the primary payment system for payday super

MATTHEW WAI  |  WEDNESDAY, 9 APR 2025
... assessed yet. Gateway Network Governance Body chief executive Michelle Bower said there are clear indications that the system is not yet viable to be used as the only B2B payment system. "As the RBA pointed out in their recent risk assessment report ...

Cyberattacks on super funds expose 'critical vulnerability'

ANDREW MCKEAN  |  MONDAY, 7 APR 2025
... crucial to maintaining public trust, noting this recent attack wasn't just an attack on individual funds but the whole system. Super Consumers Australia (SCA) also condemned the superannuation industry's handling of cybersecurity, describing ...

RBA flags 'policy changes' could derail super

ELIZA BAVIN  |  FRIDAY, 4 APR 2025
... key financial markets means there is some risk to financial stability. "...liquidity challenges for the broader financial system could arise in the event of large shocks to the superannuation sector; for example, where an unexpected policy change allowing ...

Members press super funds for sustainable investments

MATTHEW WAI  |  FRIDAY, 4 APR 2025
... into the shifting investment decisions among its members. "Policy, certainly, even more broadly, goes to the trust in the system. We've seen these over the years, when there's been constant changes in meddling in the rules of superannuation ...

Cybercriminals attack major super funds

ANDREW MCKEAN  |  FRIDAY, 4 APR 2025
... Australian Retirement Trust (ART), the second largest superannuation fund in Australia, also confirmed that its digital security system identified unusual login activity and that impacted accounts were locked as a precaution. A spokesperson said the ...

Super fund growth: The winners and losers

ANDREW MCKEAN  |  FRIDAY, 4 APR 2025
... Endeavour) to ART," the report said. Reflecting on the landscape, the report said while FY2024 was a strong year for overall system growth, there were some standout growth stories. "The two mega funds (AustralianSuper and ART) both experienced above ...

WTL mergers three advice firms amid joint venture

KARREN VERGARA  |  FRIDAY, 4 APR 2025
WT Financial Group (WTL) is consolidating three financial advice practices - Titan Financial Planning, Darwin Financial Services and Wealth Connect Financial Services - after announcing its joint venture with Merchant Wealth Partners this week. The ...