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Showing 41 - 50 of 475 results for "Remediation"

AustralianSuper sued over death benefit delays

JAMIE WILLIAMSON  |  WEDNESDAY, 12 MAR 2025
... efficiently, honestly and fairly between July 2019 and October 2024. In November 2024, AustralianSuper undertook a remediation program, paying $4.2 million to about 7000 beneficiaries whose claims took longer than the fund's internal target handling ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... earnings. Between May and June 2023, AustralianSuper paid about $69 million to 90,000 affected members as part of its remediation program since 1 July 2013. In determining the $27 million penalty applicable for the 2019 and 2023 period, Judge Hespe said ...

BUSSQ handed stricter licence conditions by APRA amid appeal

ANDREW MCKEAN  |  THURSDAY, 20 FEB 2025
... external non-legal review, a review that may also financially benefit the reviewer in respect to potential findings and remediation activity, when the most suitable arbiter of compliance with superannuation law is APRA itself, especially when APRA has ...

Our results were strong: Alexis George

ANDREW MCKEAN  |  MONDAY, 17 FEB 2025
... competition and market volatility, as well as potential cost pressures now that the company has largely addressed past remediation issues.

CC Capital outbids Bain again, increases Insignia offer

JAMIE WILLIAMSON  |  FRIDAY, 17 JAN 2025
... executing its growth strategy. "These execution risks include required transformation investments, a potential increase in remediation payments, and competitive pressures from faster-growing platforms like Netwealth and HUB24," he said.

Dixon Advisory clients should be heard at Senate inquiry: Anderson

ANDREW MCKEAN  |  MONDAY, 13 JAN 2025
... to these clients what had happened and why they lost so much money. Additionally, he's keen to understand what remediation Evans and Partners offered, or how they suggested the losses could be addressed. While "confronting what happened and reflecting ...

ART beefs up analytics team

ELIZABETH FRY  |  THURSDAY, 12 DEC 2024
... Before the four years with VFMC, she worked at Latitude Financial as general manager of transformation, conduct and remediation. She was previously the head of ANZ Group Services and ran several of the lender's businesses, including ANZ Trustees ...

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... However, the average time to report a breach to ASIC after it first occurred was 534 days. The average time to finalise remediation programs after a breach first occurred was 632 days. ASIC said it will be doing further work in 2025 to determine how ...

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... involves a slow or delayed service, and includes call-wait times, lengthy in-person queues, delays in providing a remediation outcome, difficulties in obtaining a booking or appointment, third-party timelines and their related delays," the report said. ...

Macquarie fined $25m over 400 fake trades

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
... trades over a 20-month period. The fictitious trades also cost MBL an estimated US$58 million ($89 million) through remediation processes. The FCA said that from June 2020 to February 2022, Travis Klein, a relatively junior trader from MBL's metals and ...