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Showing 611 - 620 of 7360 results for "System"

ASFA acts to remove First Nations access issues

MATTHEW WAI  |  FRIDAY, 21 FEB 2025
... enormous barrier to engage with their super," Delahunty said. "This guidance note is a vital first step in ensuring the super system can help all members engage with their fund, complete paperwork efficiently and receive good, consistent service. "We ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
Senator Andrew Bragg has questioned ASIC over how it handles investigations and proceedings against superannuation funds when it comes to claims handling delays. The back and forth with ASIC commissioner Simone Constant consisted largely of Constant ...

Magellan sees profit fall 10%

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
Magellan Financial Group (MFG) saw net profit down 10% to $94 million in the half year to 31 December 2024. Assets under management remained steady at $38.6 billon, and performance fees rose slightly from $6 million to $6.1 million. Magellan declared ...

ASIC proposes further breach reporting relief

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
... documentation, senior executive time, and auditor reviews - highlighting the "significant need for streamlining the reporting system" to cut disproportionate regulation which results in "businesses and ASIC incurring unnecessary time and expense." "This ...

AustralianSuper warns outdated tax laws will hurt returns

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
AustralianSuper has called for a modernised tax system, warning that without reform super funds will at the very least be bogged down by complexity and compliance costs - and likely left at a competitive disadvantage that could drag on returns. In its ...

Challenger profits up, share price falls

ANDREW MCKEAN  |  TUESDAY, 18 FEB 2025
... Life business with attractive risk adjusted returns. Fidante also broadened its network of affiliate managers, welcoming System Capital to its stable," Hamilton said. He added that the board's decision to increase the fully franked interim dividend reflected ...

Why the RBA should not cut rates

ELIZA BAVIN  |  TUESDAY, 18 FEB 2025
... said. Masters said Australians have a fixation on interest rates - which is partially to do with the variable mortgage system, which she said is quite unusual compared to other economies - but inflation is a bigger threat to the economy than interest ...

Centaur goes self-licensed, appoints former dealer group head

ANDREW MCKEAN  |  FRIDAY, 14 FEB 2025
Financial planning firm Centaur Financial Services has moved to its own AFSL and made a key hire in the process. Since 2015, Centaur has operated under a co-op licence with RFS Advice, Evalesco, and Guide Financial to reduce costs. However, Centaur ...

Super's operational infrastructure 'not quite right'

ELIZA BAVIN  |  FRIDAY, 14 FEB 2025
... timely death benefit claims - which it said stand as an indication that "something is not quite right" somewhere in the system. "We suspect this may reflect issues with the systems, process and staffing on the operational side, particularly in relation ...

Senate calls to overhaul super fund boards

ELIZA BAVIN  |  FRIDAY, 14 FEB 2025
... Senate Economics Committee has released its third interim report as part of the inquiry into Australia's retirement system. Senate Economics Committee chair Senator Andrew Bragg said the third report is focused around the "shocking governance standards" ...