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| | | ... remediation provisions have resulted in a $185.3 million net loss and the need to pause dividends as it undertakes a strategic review. Releasing its full-year results to the ASX today, Insignia Financial said the loss was due to $257.7 million in transformation ... |
| | | | ... unveiled its corporate plan for the next 12 months, with the superannuation industry in the firing line. ASIC said its review of the superannuation industry has been a multi-year project and, as it continues to grow, it is an area ASIC is watching closely. ... |
| | | | ... That's what super fund members expect," Schubert said. "That's why it's appropriate that APRA has instigated an independent review into issues raised in recent weeks - and Cbus has supported the regulator's actions. "It's a legal requirement that trustee ... |
| | | | The ASX earned record revenue of $1.03 billion in the 2024 financial year despite a volatile period for equity markets and lower capital raising. Total revenue grew 2.4% from the prior corresponding period, largely driven by the exchange's markets ... |
| | | | ... to specialist service providers and to ensure accuracy in reporting has recently engaged a big four accounting firm to review data to be continually reported to the regulator. |
| | | | ... death benefits claims, where complaints tripled over the same period," Constant said. "As you will know, as part of our review of superannuation fund member services, we are looking at death benefit claims handling." In addition, Constant said ASIC was ... |
| | | | APRA's annual superannuation performance test fails to consider results where it truly matters - at the member level - and ends up missing the mark on ensuring positive member outcomes, according to a financial advice expert advocating for better ... |
| | | | The Australian Securities and Investments Commission (ASIC) has commenced proceedings in the Federal Court against the ASX, for allegedly making misleading statements related to its Clearing House Electronic Subregister System (CHESS) replacement project. ... |
| | | | ... BUSSQ members. Cbus chief executive Kristian Fok said the fund supports APRA's decision to undertake an independent review of its board governance and expenditure arrangements, adding that it will build on previously commenced work. "Cbus continues ... |
| | | | ... trustees have a window of opportunity to act so we don't see the sorts of issues we have seen elsewhere. We are urging them to review the processes they have in place to help shield members from fraud, and to ward off any escalation of activity by scammers." ... |
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