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Showing 41 - 50 of 816 results for "Settlement"

Feature: Group insurance | Cold comfort

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... Cbus' administrator, MUFG Retirement Solutions. While it denied being at fault, it has since reached an undisclosed settlement with Cbus in relation to the delays. ASIC's review also found delays in many cases where all the necessary and correct ...

AMP platform flows jump 61.6%

RIDDHIMA TALWANI  |  THURSDAY, 16 OCT 2025
... insurers and conclude the legal proceedings. It will receive a further $24 million, taking the total proceeds from the settlement of the claim to approximately $68 million.

MUFG 'sincerely apologises' to Cbus over claim delays

ELIZA BAVIN  |  WEDNESDAY, 1 OCT 2025
Cbus and MUFG Retirement Solutions have reached a settlement relating to "unacceptable delays" in the processing and payment of death benefit and insurance claims made by Cbus members and claimants. MUFG said it "sincerely apologises to Cbus and its ...

RBA says ASX has 'considerable work to do'

ELIZA BAVIN  |  THURSDAY, 25 SEP 2025
The Reserve Bank of Australia (RBA) has released its 2025 Assessment of the ASX Clearing and Settlement (CS) Facilities, slamming the market operator for continued failures. The RBA determined the ASX has "considerable work to do" to meet the central ...

Former Income Asset Management staffer embezzles $1.5m

KARREN VERGARA  |  TUESDAY, 23 SEP 2025
... and a monthly portfolio holding report is sent for each account holder. IAM reconciles the cash versus security/asset settlement daily with PCT," IAM said. The bond administration and custody arrangements with PCT are not impacted. Consequently, some ...

MHC Digital partners to launch stablecoin platform

MATTHEW WAI  |  MONDAY, 22 SEP 2025
... Capital. Meanwhile, MHC will provide supporting capital, strategic expertise and infrastructure, including trading, settlement and liquidity rails through their trading platform, MHC Markets. The platform will include 1:1 reserves held in segregated ...

ASIC makes 'first-of-its-kind' exemption to broaden digital asset access

MATTHEW WAI  |  THURSDAY, 18 SEP 2025
... 2025/631, the instrument provides an exemption to intermediaries to hold separate AFSL, Australian market, or clearing and settlement facility licences when providing services related to stablecoins issued by an AFSL. The relief will take effect once ...

Former staffer sues ASX, Lofthouse over bullying

ELIZA BAVIN  |  TUESDAY, 16 SEP 2025
... increasingly concerned and deeply disappointed over the management of operational risk at ASX, following the CHESS batch settlement failure that occurred on 20 December 2024," the letter said. "For some time, the regulators have been raising serious ...

AMP settles class action for $120m

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
... received, and fees charged, on cash-only fund options. AMP said it would contribute $75 million to the $120 million settlement, with the balance to be met by insurance. AMP said in reaching a settlement, it makes no admission of liability. "The settlement ...

RBA 'alert' to impact of tech on the economy: Bullock

ELIZA BAVIN  |  THURSDAY, 4 SEP 2025
... technological change". She added that the bank has been modernising the infrastructure that underpins Australia's payments and settlement systems, to ensure they remain secure, resilient and fit for purpose. "Technology alone does not deliver value. ...