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Showing 1 - 10 of 1193 results for "AFFECTED"

UniSuper outage continues, no cause identified

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
... it being confirmed that the outage was impacting the entire business, UniSuper said the investments team has not been affected and has operated as normal throughout. Finally, UniSuper affirmed that pension payments have not been impacted by the outage ...

UniSuper battles major system outage

JAMIE WILLIAMSON  |  FRIDAY, 3 MAY 2024
... the Finance Sector Union (FSU), the fund has had trouble paying its staff accurately, if at all, as payroll systems are affected. In response, UniSuper told Financial Standard : "We have met all our payroll requirements and all employees have been paid." ...

AustralianSuper announces insurance changes

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
... Superannuation Plan, Super Options, Personal Plan and Australian Super Select plans with age-based basic cover will be affected by the changes. The changes include, but are not limited to, applications to: start basic (default) cover early (before their ...

ART reduces admin fees for high balance accounts

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
... accounts), Super Savings Transition to Retirement Income accounts and Super Savings Retirement Income accounts will be affected. This comes after ART announced a raft of investment strategy and options changes back in March. ART chief of retirement Kathy ...

First Sentier axes investment units, AUM takes $14bn hit

KARREN VERGARA  |  TUESDAY, 23 APR 2024
... David Allen said. As a result of this, Allen said "we have made the difficult decision" to close the business units. Affected staff represent about 7% of FSI's Australian-based workforce while a smaller number impacted work in the UK and US. "While ...

Top 10% of households home to 15 times more wealth

JAMIE WILLIAMSON  |  FRIDAY, 19 APR 2024
... report from ACOSS and UNSW Sydney's Poverty and Inequality Partnership - titled Inequality in Australia 2024: Who is affected and how? - shows the average household wealth of Australia's highest 10% went from $2.8 million in 2003 to $5.2 million today. ...

ESSSuper faces class action threat over unpaid super

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... much as $300,000. Gordon Legal partner James Naughton said there is "no time to waste" in seeking fair payments for the affected transport workers. "Time is of the essence; we are seeing workers who are delaying their retirement after fighting for years ...

FCA issues notices to Link Fund Solutions, Woodford

KARREN VERGARA  |  FRIDAY, 12 APR 2024
... its investigation and subsequent agreement from Link to settle the enforcement case and provide compensation to those affected. In a separate action, the FCA issued warning notices to fund manager Neil Woodford and WIM proposing to take action against ...

Majority comply with IDR reporting: ASIC

KARREN VERGARA  |  MONDAY, 18 MAR 2024
... understanding it is the first time most firms are engaging with the new reporting process. The latest round of submissions affected smaller firms. The first round, which took effect in early 2023, saw 97 firms that included banks and superannuation funds ...

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
... scheduled for May 10. According to Shine Lawyers' practice leader Hadi Boustani, up to 500,000 Rest members may be affected. "This was money down the drain for fund members who paid a premium for no benefit," Boustani said. "As a result, we're ...
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