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Showing 821 - 830 of 2220 results for "Systems"

Super funds grapple with PYSP deadline

KARREN VERGARA  |  FRIDAY, 10 MAY 2019
... Super reforms is putting some superannuation funds at risk of not meeting the deadline as they scramble to have compliant systems and processes in place. QMV principal consultant for legal and risk Jonathan Steffanoni says many trustees and administrators ...

Insurtechs improve life insurance inefficiencies: Report

KARREN VERGARA  |  THURSDAY, 9 MAY 2019
... insurers understand the potential of insurtech innovation, uptake remains inhibited by operational constraints, legacy systems, technological readiness, compliance issues and concerns of privacy and security. While the majority of insurtechs are now ...

Communication fails to keep member interests at heart

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
... others. APRA wrote to trustees today reminding them of the changes that will commence on 1 July 2019. Trustees must have systems and practices in place to facilitate the imposition of 3% fee cap on balances below $6000; prohibition of exit fees; and ...

Lax regulation worsens lost super benefits: ISA

KARREN VERGARA  |  FRIDAY, 3 MAY 2019
... employer compliance. This is a combination of failings to fine employers who do the wrong thing, and inadequate information systems which don't measure the super guarantee base of ordinary time earnings, it said. ISA raises significant concerns about ...

NAB, Nippon lock heads over MLC

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... mission to divest MLC. This involves NAB providing transitional services, such as data migration and developing technology systems required to make it possible. Incidentally, NAB said it is currently in discussions with MLC and Nippon Life "to resolve ...

Former Labor senator joins Sargon

HARRISON WORLEY  |  TUESDAY, 30 APR 2019
... beholden to or aligned with a financial institution, or any particular retail or industry fund. It's not burdened by legacy systems or a culture that has failed customers. It's purpose-built to serve members' best interests. He added that he is delighted ...

Fire drills needed to meet APRA standards

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... financial services firms have to conduct fire drills - where fake viruses or phishing attacks are deliberately spread in their systems - to work out the strength of their systems. APRA released its new enforcement approach last week, setting out how ...

CBA owes staff $15 million

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
... million dollars in back pay with the possibility the total amount could top $15 million." Angrisano added CBA's computer systems are "antiquated" and there was no excuse for the errors. "This is a major stuff-up by CBA and hardworking bank staff ...

NPP chair breaks down rollout

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
... real-time account-to-account payments to Australians, it's the longer game of delivering unprecedented innovation in payments systems by using the data capabilities presented by the platform that really motivates me. "The ability to support collaboration ...

FSU seeks transparency on CBA job cuts

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... division so that it better aligns with the group's strategy. The newly announced changes have not impacted teams or the systems that our technology teams use at this time." Furthermore: "We regularly review our business and operations to ensure we ...