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Showing 51 - 60 of 723 results for "Resolution"

Chalmers' promise to end super wars foiled by criticism

ANDREW MCKEAN  |  THURSDAY, 2 MAR 2023
... month, Treasurer Jim Chalmers pledged to end the super wars, but opposition to proposed super tax changes suggest a resolution is unlikely. Opposition leader Peter Dutton stated that he's "dead against" the government's proposed tax changes and ...

Regulators sound alarm on cybersecurity, fraud in super

ANDREW MCKEAN  |  FRIDAY, 24 FEB 2023
... not quickly we're paying out death benefits, and rollovers in this industry." During a review of internal dispute resolution data, ASIC found 20% of funds are not meeting their statutory obligations, this needs improvement, Press said. Additionally ...

Former association leads push for merger

JAMIE WILLIAMSON  |  FRIDAY, 3 FEB 2023
... promote the value and importance of financial advice. For the merger to go ahead, 75% of member need to support the resolution. "This is a crucial moment in the development of our profession. We have the opportunity to create a strong, unified voice ...

APRA restructures, appoints new executive directors

CHLOE WALKER  |  WEDNESDAY, 1 FEB 2023
... operational resilience Bruce Young to the role of executive director, technology and data, former general manager, resolution Clare Gibney to executive director, policy and advice, and former executive director, policy and advice Renee Roberts to executive ...

FPA, AFA merger consultation to close

CHLOE WALKER  |  FRIDAY, 27 JAN 2023
The member consultation period on a proposed merger between the Financial Planning Association of Australia (FPA) and Association of Financial Advisers (AFA) is due to close on January 31, with members encouraged to provide their feedback before then. ...

Court ruling reiterates need to comply with AFCA

CASSANDRA BALDINI  |  WEDNESDAY, 25 JAN 2023
... recognises the need for financial firms to cooperate with it. "The vast majority of the members of our external dispute resolution scheme do work in partnership with us, and this is to the benefit of firms as well as consumers," he said. The Federal ...

AAT upholds AFSL cancellation

CHLOE WALKER  |  THURSDAY, 12 JAN 2023
... that its representatives were not adequately trained or competent, and that the firm did not have a compliant dispute resolution system in place. It also banned Olive's former director Scott John Morrison from providing financial services for seven years. ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... members. 6. AIA sells super investment business AIA is offloaded its $8 billion superannuation and investments business to Resolution Life. In an announcement made in February, AIA said the sale would allow the insurer to focus on its core business of ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
... requirements related to systemic issues needs attention, while some board reports lacked sufficient detail on internal dispute resolution (IDR) metrics to communicate fund performance. Further, ASIC said some trustees need to work on ensuring their IDR ...

OnePath Life sued over utmost good faith duties breach

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
... adviser; and failed to inform the customer of their right to appeal the decision through OnePath Life's internal dispute resolution process or through the Australian Financial Complaints Authority. "If an insurer is concerned a customer has engaged in ...