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Showing 931 - 940 of 7369 results for "System"

Government consults on options to improve performance test

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... products, arguing for equal transparency and protection against underperformance. Extending the test could enhance the system's integrity by preventing trustees from restructuring products to evade the test, shifting members into untested products, or ...

ASX settles $1.05m fine for transparency failures

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
... occasions from April 2019 to December 2022. The rules mandate that ASX disclosure specific order details on its trading system. However, due to a system misconfiguration, it didn't provide required information for select equity market products. The ...

'About bloody time': Industry responds to PPL super reform

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... members add much-needed dollars to their retirement accounts, narrowing the gender super gap and making Australia's super system fairer," HESTA chief executive Debby Blakey said. Women in Super has also long advocated for this measure, with chief ...

Overhaul of TPD structure, pricing needed: MLC Life

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... security," it said. When it comes to lodging a claim for total permanent disablement (TPD) insurance, the current default system of insurance provision, 55% of respondents said they would claim or even consider it, even if they thought they would recover. ...

Count completes Diverger acquisition

KARREN VERGARA  |  MONDAY, 4 MAR 2024
Count has finalised the acquisition of Diverger as the latter officially delists from the ASX today. The group now has 590 financial advisers and funds under advice (FUA) of $29.9 billion. Count chief executive Hugh Humphrey said: "An important strategic ...

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... services, such as how they handle death benefits claims," Longo said. "We will continue to work to ensure the financial system works for all Australians." At the same time, the National Anti-Scam Centre has issued a warning to consumers about the prevalence ...

ASIC takes further action on Prospero

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... While most of these funds were from customers engaged in lawful actions, the AFP will allege the company facilitated a system for organised criminals to secretly transfer unlawfully obtained money in and out of Australia," the AFP said. "The AFP alleges ...

Insight Investment Consultants rebrands

JAMIE WILLIAMSON  |  FRIDAY, 1 MAR 2024
Insight Investment Consultants will now be known as Genium Investment Partners, as it expands its offering to include research ratings. The firm, which was founded in 2013, is rolling out the rebrand as it works to become a full-service research house ...

Stage 3 tax cuts pass Senate

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... about $1504, the government said. Previously, they would have saved around $700. "The changes to the personal income tax system will have a net cost of $1.3 billion over the forward estimates. The total impact of these tax cuts is expected to be $107 ...

Major decline in group insurance coverage: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
... TPD benefits amounting to around $1.5 billion annually. "Group life insurance plays a critical role in the superannuation system, providing affordable and cost-effective cover that delivers real benefits for those whose working life is cut short by accident ...