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Showing 721 - 730 of 7366 results for "System"

Admin and compliance taking up 56% of advice practice costs

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
... technology solutions and bottom-up practitioner challenges. The 'fracture' stems from a lack of standard data and system integration at the base of our industry," Green said. "We recognise the challenge lies not with the incumbent industry participants ...

Major themes impacting systematic investors

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
The extraordinary performance of mega-cap tech stocks has significantly impacted factor returns, creating both opportunities and challenges for systematic investors, according to a new study from Invesco. Invesco released its ninth annual Global Systematic ...

Size of super industry on ASIC's radar

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
... recent Reserve Bank of Australia (RBA) report which stated that the central bank was concerned about the risks the super system poses to financial stability, Constant said ASIC is watching the space carefully. "These are the sorts of questions we are ...

ASX files defence against ASIC proceedings

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
The ASX has provided an update on its defence against the legal proceedings filed against it by ASIC over its handling of the CHESS replacement project. The ASX filed a Concise Statement in response to the proceedings brought by ASIC in the Federal ...

Colonial First State offers aged care solution

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... support our members throughout their life and making it easier and less stressful for families to navigate the aged care system is one of the needs that can arise," CFS executive director of retirement Marissa Powe said. "Australia's aged care system ...

Super lobbies call for death benefit reforms

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... been met," Delahunty said. SMC chief executive Misha Schubert mirrored Delahunty's remarks, acknowledging that at time the system has fallen short of expectations. "Super is Australians money for retirement and they deserve the highest standard of service. ...

Fair Work ruling, ASIC put offshoring arrangements on notice

KARREN VERGARA  |  THURSDAY, 14 NOV 2024
Fair Work Australia's (FWA) recent ruling in favour of a Philippines-based worker to bring an unfair dismissal case against the former employer could serve as a warning for financial services firms who rely on offshoring, as the corporate regulator ...

UK to follow Australia's lead in creating megafunds

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
In what's considered the most significant reforms to the UK retirement sector in decades, the defined contribution schemes of 86 administering authorities will be consolidated and their assets pooled to create megafunds. The UK government plans to introduce ...

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
ASIC has launched legal proceedings against Cbus over delays in the processing of insurance claims made by members. Court documents were filed by ASIC in the Federal Court today, alleging members were impacted by delays to death and TPD claims processing ...

Outdated super rule costs teens $10k at retirement

MATTHEW WAI  |  TUESDAY, 12 NOV 2024
... better future outcomes." Schubert said the removal of the 30-hour threshold will make a fairer and more inclusive super system. It would also be beneficial to employers in simplifying administration work such as the need to track hours (in relation to ...