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Showing 851 - 860 of 12772 results for "Change"

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
Rest is the latest fund to botch its handling of insurance - this time for incorrectly charging uninsured members for coverage - adding to a growing pile of industry failures. Rest's mishandling comes as other major superannuation funds have been caught ...

ASIC updates on SMSF advice review

ELIZA BAVIN  |  THURSDAY, 13 FEB 2025
The Australian Securities and Investments Commission (ASIC) said reviews are underway into why consumers are advised to establish an SMSF. Plans for the review were first announced in ASIC's Corporate Plan 2024-25 and the regulator has now confirmed ...

Finance workers worry about job displacement from AI, government urged to take action

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
... to "some extent". FSU national assistant secretary Nicole McPherson said finance workers understand that technological change from AI is inevitable, and they want to be part of the future of finance. "But as things stand, they are being left out and ...

Treasury consults on genetic test ban in life insurance

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2025
... consequences included insurers refusing to offer cover or varying terms for those with pre-existing conditions. Under the change, insurers would not be allowed to request access to and use of adverse genetic test results in underwriting. Insurers can ...

Australians don't trust politicians with their super: FSC

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
Australians overwhelmingly distrust the government on superannuation taxes and are wary of placing their confidence in the opposition, according to a new nationwide poll. The nationally representative poll, commissioned by the Financial Services Council ...

Cbus faces fresh investigation over fund expenditure practices

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
Cbus is under investigation by APRA for possible breaches of superannuation legislation, with the regulator announcing the probe alongside a court-enforceable undertaking to address the super fund's risk management and oversight of key fund services. ...

Jones flags drafting of Tranche 2 legislation

KARREN VERGARA  |  TUESDAY, 11 FEB 2025
Assistant treasurer Stephen Jones said Tranche 2 of the Delivering Better Financial Outcomes (DBFO) reforms remains a priority before he bows out of politics but fell short of confirming when the draft bill will see the light of day. Jones told a recent ...

Execs face shareholder backlash over pay: Georgeson

ROSE MARY PETRASS  |  TUESDAY, 11 FEB 2025
... should present themselves for re-election at a subsequent meeting. The number of firms narrowly avoiding a strike did not change between 2023 and 2024, with 15 firms' votes receiving opposition between 20% and 24.99%. "Remuneration strikes do not always ...

Saxo Australia to rebrand after global takeover

MATTHEW WAI  |  TUESDAY, 11 FEB 2025
A global financial services and technology company has agreed to acquire a majority stake in Saxo Australia, expanding its offerings to the local market, flagging a brand revamp will be revealed after the completion of the transaction. Johannesburg-based ...

MLC Life names chief risk officer

JAMIE WILLIAMSON  |  MONDAY, 10 FEB 2025
... fantastic job leading our risk, compliance, governance, and legal function during what has become a time of significant change for our business." He added that's he's delighted to have Ammon join the leadership team ahead of the planned merger with Resolution ...