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Showing 671 - 680 of 4167 results for "Action"

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... findings, with Financial Services Council (FSC) chief executive Blake Briggs saying the government is right to prioritise action. "The Retirement Income Covenant requires superannuation funds to formulate strategies to optimise retirement outcomes for ...

Women less confident to retire: Vanguard

CHLOE WALKER  |  THURSDAY, 24 AUG 2023
A study of over 1800 working and retired Australians has revealed a stark difference in confidence levels when it comes to how men and women plan for retirement. According to Vanguard's How Australia Retires study, almost half of Australian women do ...

Diverger aims to increase profits via scalability

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
Diverger's net profit after tax dropped by 24% to $2.83 million in FY23 on the back of mergers and acquisitions - something it will continue to pursue. Reporting to the ASX, Diverger announced the completion of four acquisitions and projected collectively ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
AMP is facing legal action from global reinsurer Munich Re over potentially deceptive practices in past reinsurance arrangements. In a disclosure nestled within AMP's recent half-year results, it was revealed that AMP Limited and its subsidiaries, including ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
AMP has put to bed a class action relating to fee for no service scandals and misleading regulators as exposed by the Royal Commission but claims no responsibility in settling for $110 million. The class action filed in June 2018, affected AMP shareholders ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
Westpac has posted a net profit of $1.8 billion for 3Q23, driven by steady operating revenue and disciplined margin management. Despite inflationary headwinds which led to a rise in expenses by approximately 5% for the second half of 2023 compared to ...

ASIC renews leadership team

CHLOE WALKER  |  FRIDAY, 18 AUG 2023
... leader, investigations Chris Rowe has been promoted to the role of senior executive leader investigation and enforcement action, while current senior manager, investigations and enforcement Brett Crawford will become chief investigator and senior executive ...

ASX profits hit by CHESS setbacks, acts on review findings

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
... of the CHESS program external review special report and said it will assist in assessing whether any further regulatory action is required. Last November, ASX revealed findings from an external review on the CHESS replacement program, highlighting significant ...

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
... found. AustralianSuper chief executive Paul Schroder said: "This has been on the agenda for a long time. It is time for action as too many women who take on caring responsibilities are being negatively impacted in retirement. There is no one simple fix ...

FSCP issues slap on the wrist to adviser

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
... consequences of rolling over superannuation and life insurance cover, labelled the panel's least serious disciplinary action yet. Keeping the adviser's identity anonymous, the panel referred to the adviser as "Mr K", who recommended that the ...