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Showing 711 - 720 of 4167 results for "Action"

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... with the law. We are concerned about some of the failures uncovered in our review and are considering other regulatory action for more serious concerns," she said. "We expect all trustees to closely review their policies and procedures against the issues ...

FSCP hands down second order, audits adviser

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2023
The Financial Services and Credit Panel has ordered an audit of a financial adviser who carelessly recommended a client switch superannuation funds. Releasing its second determination since it launched, the FSCP said the unnamed adviser, only referred ...

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... will pay. The industry has also raised concerns about the unfairness of smaller entities funding ASIC's enforcement action taken by against larger entities. Jones recommends that ASIC is delegated fee-setting powers to ensure fee amounts continue ...

New inquiry targets audit sector following PwC scandal

CASSANDRA BALDINI  |  FRIDAY, 23 JUN 2023
A parliamentary inquiry into Australia's audit sector has been launched following PwC's tax leak scandal. Undertaken by the Joint Standing Committee on Corporations and Financial Services, Senator Deborah O'Neill advised the inquiry will ...

Senate report labels PwC breach calculated, deliberate

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
Despite the inquiry continuing, a Senate committee has concluded that PwC deliberately covered up the actions of its staff and the plans to monetise the confidential information at the heart of its tax leaks scandal. A report published by the committee ...

Cyber breach claims CalPERS member data

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
... breach of information is inexcusable. "Our members deserve better. As soon as we learned about what happened, we took fast action to protect our members' financial interests, as well as steps to ensure long-term protections," she said. The fund will ...

Forrests boost Minderoo by $5bn

CHLOE WALKER  |  WEDNESDAY, 21 JUN 2023
... more significant support in a focused manner, empower its partners to deliver change and ignite collective and purposeful action including for vulnerable communities, our oceans and gender equality. Specifically, it will reach Minderoo's beneficiaries ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
The Bank of England (BoE) overnight launched its first system-wide stress test to understand the behaviours of banks and non-bank financial institutions (NBFIs) in volatile financial markets. Recent chaos across UK markets has led to the system-wide ...

Soros hands the reins to son

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... son, Alexander. Specifically, the 37-year-old heir will lead Soros' charitable Open Society Foundations and political action committee, confirmed by the new successor in an interview the Wall Street Journal. Open Society Foundations is active in ...

Decade-long Santos well leak prompts investor concern

ROSE MARY PETRASS  |  FRIDAY, 16 JUN 2023
... this program and subsequent surveys. The leaks were first detected 10 years ago, and were deemed impossible to fix. No action to stem the leaks has been taken. A further 90 decommissioned wells are yet to be assessed. Santos submitted a plan to the offshore ...