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Showing 741 - 750 of 4164 results for "Action"

Super funds must prioritise member experience: Consultant

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
A global technology and HR consultancy is urging superannuation funds to shift to experience-led organisations, amid changing member expectations. Bharat Bathi, the lead of Wipro HR Services' retirement services division, says "it's not an option ...

PwC picks senior leaders to oversee review

CASSANDRA BALDINI  |  TUESDAY, 16 MAY 2023
Former Telstra boss Ziggy Switkowski has been picked to lead an independent review of the firm and its own Tony O'Malley has been appointed chief risk and ethics leader amid the ongoing tax crisis. The independent review, originally announced last ...

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
... these amounts. However, AustralianSuper's failure to abide by the rules has sparked a call for greater transparency and action by regulators. Section 108A of the Superannuation Industry (Supervision) Act was introduced in 2013, mandating funds undertake ...

Super fund members eye change

ANDREW MCKEAN  |  FRIDAY, 12 MAY 2023
The superannuation industry is witnessing a 13-year peak in members' intention to switch funds, according to the latest Super member engagement report by Investment Trends. The report revealed that this surge in switching intention aligns with a substantial ...

HCF Life under ASIC surveillance

CASSANDRA BALDINI  |  FRIDAY, 12 MAY 2023
... which is not a good consumer outcome," she explained. Court explained one of ASIC's "enforcement priorities" is taking action with respect to unfair contract terms, including in insurance products. "Given the expansion of the unfair contract terms ...

AustralianSuper to refund 100k members

CHLOE WALKER  |  FRIDAY, 12 MAY 2023
AustralianSuper will refund $70 million it overcharged 100,000 members after it failed to detect that they had multiple accounts. The country's largest superfund has self-reported itself to regulators after realising it overcharged current and former ...

Sales-oriented fear stunts expansion goals: Survey

KARREN VERGARA  |  FRIDAY, 12 MAY 2023
New research reveals that the fear of being pushy or appearing to be "salesy" is deterring financial advisers from proactively expanding their client base and increasing their assets under advice. About 43% of the 158 financial advisers based in the ...

Class action commenced against IG Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
Piper Alderman and Omni Bridgeway have filed their class action against IG Markets, representing investors that lost hundreds of millions trading contracts for difference (CFDs). In October 2022, the two firms said they were planning an action against ...

Supercharging Australia's climate investment action

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... reclaim attention from the US's climate policy introduced by president Joe Biden. In announcing a spectrum of climate action and ESG investment initiatives, the Albanese government hopes to unlock tens of billions of dollars in new capital, and in ...

Funding boosts ASIC greenwashing remit

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... have to act on this area," Jones said. "The government is also acutely aware of the relationship between the taxonomy and action on greenwashing. It's my view that unless we get the taxonomy right, the enforcement action by ASIC will only be able ...