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Showing 6161 - 6170 of 28263 results for "NOT"

APRA to overhaul offshore reinsurance standards

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
... "The recent growth in life insurers placing business with offshore reinsurers has been a prudential concern, as APRA does not have regulatory authority over these reinsurers. This has limited our ability to maintain appropriate oversight of the financial ...

Time running out for claims licences

ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
... because of their poor quality," ASIC deputy chair Karen Chester said. "We are concerned that firms are running the risk of not submitting a complete application in time to get the benefit of the legislated transition period. Firms need to submit an application ...

First Super hires from Cbus

ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
... representatives for the paper and timber industries, Dean Brakell and Anthony Pavey, to its board at the start of 2021. There have not been many moves at the fund recently but in September 2020, the fund's executive manager of member and employer services ...

AustralianSuper subverts stapling logic

KARREN VERGARA  |  FRIDAY, 9 APR 2021
... largest superannuation fund is taking issue with the proposed stapling regulations, arguing that the model is backwards and will not protect members from being stuck in dud funds. AustralianSuper chief executive Ian Silk shot down media speculation that ...

Chief economist update: Europa rides the bull once again

BENJAMIN ONG  |  FRIDAY, 9 APR 2021
... financial crisis and Grexit but as the ECB's balance sheet shows, Madam Lagarde has supersized this. Just as we were advice not to fight the Fed, I wouldn't be standing in the way of the ECB either and... that's no myth.

S&P rejigs index as BlackRock ETF grows

KANIKA SOOD  |  THURSDAY, 8 APR 2021
... 19, will take the index from 30 stocks to 100, alongside changes to exposure scores and the maximum weight allowed to them. Not being restricted to just 30 stocks will be a welcome change at iShares' Global Clean Energy ETF (NASDAQ: ICLN), which has ...

Mercer calls for delay to super reforms

JAMIE WILLIAMSON  |  THURSDAY, 8 APR 2021
... process of every new employee. Knox said the 1 July 2021 start date is "impractical" for employers, many of whom will simply not be ready, particularly when it comes to payroll systems. As it stands, the mechanism through which payroll officers will ...

Junk insurance lands Westpac in court

KARREN VERGARA  |  THURSDAY, 8 APR 2021
ASIC is taking Westpac to the Federal Court, alleging it sold junk credit insurance to 384 customers that did not want it and whose accounts were unlawfully debited to pay for the premiums. The corporate regulator has exposed dodgy sales of add-on insurance ...

Implemented Portfolios adds to team

ANNABELLE DICKSON  |  THURSDAY, 8 APR 2021
... partnerships and distribution Phil Pilgrim. "In regard to the appointments of Laura and Kieran, it is exciting to witness what was not long ago a one-man distribution team evolve into a team of five, which we believe is a demonstrated reflection of our ...

CBA to pay $7m for overcharged interest

ANNABELLE DICKSON  |  THURSDAY, 8 APR 2021
The Federal Court has imposed a $7 million penalty on Commonwealth Bank for charging higher interest rates on business overdraft accounts than what it advised its customers over a four-year period. Following an investigation by ASIC, CBA admitted to ...