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Showing 71 - 80 of 878 results for "Oversight"

APRA slaps additional licence conditions on HTFS Nominees

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... governance arrangements lack an independent trustee voice. Overall, APRA cast doubt over the trustee's assessment and oversight of member outcomes, including the implementation of controls to minimise potential harm to previously advised members. ...

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
... hardship grounds between 2017 to 2023 via subsidiaries St George Bank, Bank SA and Bank of Melbourne. Westpac blamed the oversight on "technology failure". On the contrary, Justice McEvoy said, "while the contraventions were not suggested to be deliberate ...

ART appoints two to board

ELIZA BAVIN  |  TUESDAY, 26 MAY 2026
... Service. Additionally, Grant Smith has been appointed, initially as an adviser to the board's Investment and Valuation Oversight Committees, facilitating succession planning for the role of chair of the Investment Committee when current chair and director ...

AIOFP partners to launch adviser protection program

MATTHEW WAI  |  TUESDAY, 26 MAY 2026
... focused on expanding access - not narrowing it," Pettiona said. "Technology has a critical role to play in enabling better oversight, clearer audit trails, and stronger governance without removing advisers from the equation."

AFCA appoints lead superannuation ombudsman

VINNY VUCAGO  |  MONDAY, 25 MAY 2026
... consumers when it should have ceased. AFCA said the findings highlighted growing importance of operational systems, oversight mechanisms and escalation processes in ensuring firms appropriately respond to vulnerable customers.

ASIC backs Australia's fintech edge as AI reshapes financial services

VINNY VUCAGO  |  FRIDAY, 22 MAY 2026
... "safely and responsibly". ASIC said its regulatory simplification agenda would remain central to balancing innovation with oversight, with the regulation and industry engagement through initiative including its ASIC Innovation Hub and Digital Finance ...

Financial services failing to provide consistent outcomes: AFCA

MATTHEW WAI  |  FRIDAY, 22 MAY 2026
... period suggest that the effectiveness of consumer protection frameworks increasingly depends on how operational systems, oversight mechanisms and responses to vulnerability function in practice," AFCA said. AFCA presented what appropriate practices would ...

Proposed CGT reforms could upend HNW low advice demand

KARREN VERGARA  |  FRIDAY, 22 MAY 2026
... and access, alongside growing client complexity across retirement, succession, tax, alternatives and whole-of-wealth oversight. CoreData chief executive Andrew Inwood said what is concerning is Australia is entering its largest intergenerational wealth ...

APRA sharpens oversight, flags tech and geopolitical risks

VINNY VUCAGO  |  THURSDAY, 21 MAY 2026
APRA has intensified its supervision of superannuation trustees, insurers and banks as geopolitical instability, rapid artificial intelligence (AI) adoption and growing complexity in global markets reshape the financial risk environment. In its latest ...

Federated Hermes launches global equity fund

VINNY VUCAGO  |  WEDNESDAY, 20 MAY 2026
... between 250 and 500 stocks selected through a systematic and data driven investment process supported by fundamental oversight from the portfolio management team. The strategy also integrates a proprietary ESG framework incorporating engagement insights ...