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Showing 701 - 710 of 7367 results for "System"

Firms treat CSLR as 'insurance policy': FAAA

KARREN VERGARA  |  MONDAY, 2 DEC 2024
As the number of AFSL cancellations pile up due to the non-payment of Australian Financial Complaints Authority (AFCA) determinations, far too many financial services firms are taking advantage of the Compensation Scheme of Last Resort (CSLR), treating ...

Magellan launches third Vinva fund

ELIZA BAVIN  |  MONDAY, 2 DEC 2024
Magellan Asset Management has launched the Vinva Australian Alpha Extension Fund, which it said provides exposure to a 130:30 long-short strategy designed to provide investors with enhanced returns through a systematic and diversified approach. Leveraging ...

$3m super tax faces axe, pushed to 2025

MATTHEW WAI  |  MONDAY, 2 DEC 2024
The failure of the government to pass its proposed $3 million superannuation tax last week may well see the measure abandoned. The Division 296 tax could be shelved until after the next federal election, missing out on the opportunity to pass during ...

Objective of super enshrined in law

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
... agreed objective of super in law supports more stable, effective and equitable policy settings and reinforces the strong system fundamentals needed to successfully evolve the system." Reinforcing this, Association of Superannuation Funds of Australia ...

Self-regulation on the cards: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
... calendar year. One new solution the FAAA recently introduced is recognising financial planning students through the migration system to offer a path to permanent residency. Jobs and Skills Australia shows the country is in need of "financial investment ...

Commonwealth Super partners for admin uplift

JAMIE WILLIAMSON  |  WEDNESDAY, 27 NOV 2024
Commonwealth Superannuation Corporation will work with Novigi to consolidate all its systems into one administration platform under a new seven-year deal. Effective immediately, CSC is partnering with Novigi to modernise the way it's administered and ...

Macquarie fined $25m over 400 fake trades

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
The UK's Financial Conduct Authority (FCA) has fined Macquarie Bank's London Branch (MBL) $25 million (£13m) for enabling one of its employees to record over 400 fictitious trades over a 20-month period. The fictitious trades also cost MBL an estimated ...

Inconsistencies abound in Future Fund mandate change: Deloitte

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2024
... it changes nothing - then why was it published?" Deloitte questioned. The consultant said the size of the superannuation system and global capital markets broadly coupled with a demonstrated track record of success show there is already sufficient funds ...

Insignia completes MLC, NAB separation

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2024
... has also moved the Corporate and MLC general ledger to Workday, upgraded its infrastructure and applications, enhanced system performance and uplifted security and monitoring to make its environment safer for members," it explained. "At the same time ...

ASX says CHESS Release 2 costs to hit $320m

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... technology modernisation program is part of our strategy to continue to build long term shareholder value. The new CHESS system we are implementing is critical market infrastructure and we need to make the appropriate investment to ensure it can provide ...