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Showing 951 - 960 of 7369 results for "System"

Reforms will strengthen retirement advice: Experts

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... thought leadership panel, would like to see the QAR extend to qualified accountants who are "essentially locked out of the system" as there are some five million SMSF members who have unmet advice needs that they can tend to. Last year, assistant treasurer ...

Risk, compliance staff in hot demand

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... less desirable to employers as they've "functioned as a small cog in a much more complex banking risk and compliance system." Those who have been employed as contractors for remediation programs that have come to an end are also facing the prospect ...

Aussies do not underspend in retirement, say super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... which, if a coupled household, would exhaust their super in paying off. The research also found that retirees find the super system and retirement too complex. About 73% of members said they'd trust advice from their super fund if it were tailored to ...

ANZ gets green light for Suncorp merger

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
ANZ has had a significant legal win on appeal, with its proposed $4.9 billion acquisition of Suncorp's banking arm given the go-ahead. The decision to authorise the takeover was handed down this morning by the Australian Competition Tribunal (ACT) ...

Madigan Capital appoints head of investment capital

ANDREW MCKEAN  |  MONDAY, 19 FEB 2024
... Despite the Reserve Bank of Australia reporting non-bank lending constitutes a minor portion of the Australian financial system - approximately 5% of total assets - the sector has experienced rapid growth since 2015. Madigan anticipates this trend to ...

Aussies want control of nest eggs: FSC

KARREN VERGARA  |  MONDAY, 19 FEB 2024
... by low-income earners who wish to save more for their retirement (37%). These are followed by making the superannuation system simpler and more transparent (35%), allowing access to superannuation for genuine emergencies (32%), putting members' interests ...

Commonwealth Bank slapped with $10.3m fine for wage theft

ANDREW MCKEAN  |  FRIDAY, 16 FEB 2024
Commonwealth Bank was fined $10.3 million by the Federal Court for its involvement in wage theft which led to $16 million in underpayments to over 7400 workers. The case emerged after the Finance Sector Union (FSU) uncovered the bank's systematic ...

AI poses potential challenge to financial stability: Gensler

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
... trend toward network interconnectedness and the creation of monocultures poses classic systematic risks to the financial system, he added. Gensler also highlighted concerns over 'AI washing,' urging companies to critically assess the relevance of their ...

Challenger overhauls IT, awards mandate

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... institutional clients. The transformation involves replacing Challenger Life's core annuity registry with global insurance system ALIP (Accenture Life Insurance and Annuity Platform) and providing new customer portals. The partnership is due to commence ...

AustralianSuper calls for an 'account for life'

ANDREW MCKEAN  |  MONDAY, 12 FEB 2024
... AustralianSuper has urged for an 'account for life' superannuation reform to Treasury, in a bid to deliver a visionary retirement system. The super fund also advocated for the automation of Age Pension applications, a move that would enable an integration ...