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| | | Cbus has agreed to pay $23.5 million to settle the matter brought against it by ASIC in relation to delayed death benefit payments to members. A Cbus spokesperson told Financial Standard the super fund co-operated with the regulator throughout the legal ... |
| | | | Ascalon Capital has appointed an industry heavyweight to oversee business partnerships, marking the latest addition to the firm's senior leadership team. In his new role, Guy Ballard will oversee platform and fund relationships, distribution, practice ... |
| | | | ... about their future," Brighter Super chief executive Kate Farrar said. "We're incredibly proud of the fund we've built, one that works hard to deliver strong long-term performance, keep fees as low as possible and offer genuine, personal support. ... |
| | | | ... control, a financial services business after failing to adequately address fees for no service misconduct by Lighthouse Partners, one of its representatives. ASIC cancelled the AFSL of Crown Wealth in March 2024, after it was placed into voluntary administration. ... |
| | | | ... the cloud environment has exponentially increased third-party and concentration risk, data security and privacy concerns. "One concern APRA is paying close attention to is concentration risk. Across banking, insurance and superannuation, critical operation ... |
| | | | New research has revealed that one third of Australian pre-retirees and retirees over the age of 50 are financially unprepared for retirement, facing a savings shortfall of at least a decade. Fidelity International's latest research, in partnership ... |
| | | | ... compliance," Thompson said. "Still, the current settings expect employers to bear the full operational and cashflow impacts on day one, while the rest of the system on which employers rely is still being upgraded." According to Employment Hero modelling ... |
| | | | ... fund is misleading contributors and beneficiaries via its Sustainable Energies portfolio, which launched in 2021, because one-third of the portfolio is invested in fossil fuels. Further, the filing states that by continuing to invest in fossil fuels ... |
| | | | ... to be integrated into MLC Super soon. MLC Retirement Boost is a retirement income stream offering delivered in two phases: one for accumulation and one for retirement. "We're very excited to have this innovative product in the wrap already, and coming ... |
| | | | ... significant challenges in previous integrations and separations," Chown said. "... technology and data integration present one of the biggest risks to transactions." Meanwhile, environment, social, and governance (ESG) considerations, while not a value ... |
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