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Showing 731 - 740 of 4511 results for "Cover"

ASIC case against Commonwealth Bank dismissed

CASSANDRA BALDINI  |  WEDNESDAY, 30 NOV 2022
The Federal Court has dismissed proceedings brought by ASIC against the Commonwealth Bank of Australia (CBA) over fees. The court dropped allegations that the bank engaged in misleading or deceptive conduct, made false or misleading representations ...

Religious carve outs for faith-based super funds are dead

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022
The carve out from the Your Future, Your Super (YFYS) performance test for faith-based funds has been axed by the government, despite it being an election policy. In December 2021, the government said it would adjust the performance test to account ...

Barings establishes APAC real estate debt operations

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
Barings Real Estate Debt is now in Asia Pacific, with three new loans and plans for more. Barings has agreed a combined $259.3 million in loans in Australia, including $162.5 million to fund the construction of two purpose-built student accommodation ...

ASIC sues crypto fintech over unlicensed advice

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
ASIC is taking a fintech to court for providing unlicensed financial advice on crypto-asset products. The regulator commenced civil penalty proceedings in Federal Court against Block Earner, an authorised representative of Flash Partners and AUSTRAC-registered ...

Link Group offloads PEXA stake

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
... takeover of Link, but this acquisition was subject to a requirement that funds were made available to meet any shortfall to cover potential redress payments, following Link Fund Solutions mismanagement of the Woodford fund. Consequently, Dye & Durham ...

Cost of retirement in lockstep with inflation: ASFA

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... aggregate, retirees on average have larger private retirement savings balances than in most countries in the world. "This helps cover costs during tougher times, providing a brighter outlook for Australian retirees than is the case for their international ...

Spirit Super farewells chair, names successor

CHLOE WALKER  |  TUESDAY, 15 NOV 2022
Naomi Edwards will depart the fund after 12 years on the board, to be replaced by investment and superannuation veteran Maria Wilton. Edwards was Tasplan's chair since 2011, continuing in the role following its merger with MTAA Super. Edwards' ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
ANZ has agreed to pay $42 million to settle a class action regarding consumer credit insurance (CCI) products. Commonwealth Bank has also reached a settlement for a similar matter. Slater and Gordon filed the class action against ANZ, OnePath Life ...

Stapling's consequences must be addressed: Cbus

ANDREW MCKEAN  |  MONDAY, 14 NOV 2022
... occupations are offered no information about the risk of working without insurance, or warning that their existing fund's cover is unsuitable or non-existent. "Following the YFYS stapling reforms, Cbus coordinators are increasingly seeing apprentices ...

Hopes for action at "implementation" COP27

RACHEL ALEMBAKIS  |  MONDAY, 14 NOV 2022
... emissions modelled pathways that limit warming to 1.5°C with no or limited overshoot," the expert group said. "The plan must cover the entire value chain of a city, state or business, including end-use emissions. It needs to start fast and not delay ...