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Showing 891 - 900 of 4167 results for "Action"

Final Royal Commission reforms to be tabled, YFYS review begins

JAMIE WILLIAMSON  |  WEDNESDAY, 7 SEP 2022
... whether improvements are needed on this front, and whether the consequences have been effective in forcing trustees to take action and improve performance. The paper also discusses members' best financial interests and to what extent the duty has ...

HESTA adds Woodside, Santos to climate watchlist

ANDREW MCKEAN  |  TUESDAY, 6 SEP 2022
HESTA has notified AGL, Origin, Santos and Woodside that they've been placed on a watchlist under the fund's engagement escalation framework. HESTA has written to the chairs of AGL, Origin, Santos and Woodside informing them the companies were ...

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
... around the misuse of investigative tools by insurers and resulting consumer harms." "Following the Royal Commission, we took action against TAL for breaches of its duty of utmost good faith in handling claims. Changes to the Corporations Act on 1 January ...

APRA removes Westpac liquidity add-on

CASSANDRA BALDINI  |  THURSDAY, 1 SEP 2022
... requirement add-on of $1 billion to reflect Westpac's heightened operational risk profile remains in place. APRA first took action against Westpac in 2020 predominantly concerning its New Zealand business (WNZL). It identified breaches that demonstrated ...

ASIC issues warning over brokers' high-risk offers

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... supervise any brokers that are operating as authorised representatives under their licence. "We will intervene or take action where we see unfair or inappropriate offers of securities lending arrangements to retail clients," Press said. "Australian financial ...

Four MySuper products fail for second time: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... last year. "This is the culmination of APRA's intensified supervisory approach, driving trustees to take meaningful action to improve member outcomes. APRA encourages superannuation trustees to continue to explore ways to improve the efficiency of ...

Perth Mint faces AUSTRAC probe

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... auditor at Gold Corporation's expense. The outcome of the audit will determine whether AUSTRAC will take any further action. The audit will cover the entity's requirement to have an AML/CTF program and comply with Part A of that program; the ...

The unintended consequences of the performance test

JAMIE WILLIAMSON  |  TUESDAY, 30 AUG 2022
... reducing the appeal of the fund even more to any potential suitors," Chris said. "Evidence suggests that members do take action against under performing funds, with some of those who failed in 2021 experiencing higher than average net member outflows." ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... cannot do much to encourage greater trust and confidence in the industry that ASIC will not take disproportionately punitive action. She proposed ASIC adopt a facilitative approach during a transition period and suggested the regulator should meet with ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
... 'set and forget' approach to their target market determinations. Failure to review them regularly and take corrective action can result in harm if the product is inconsistent with the objectives, financial situation and needs of consumers in ...