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Showing 1 - 10 of 17 results for %22Members of Defence Bank%22

APRA restructures, appoints new executive directors

CHLOE WALKER  |  WEDNESDAY, 1 FEB 2023
... regulator has carried out a recruitment process to fill the executive director positions they vacated. While doing so, APRA members reviewed the organisational structure and decided to make some changes to better support delivery of APRA's Corporate ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... regulatory developments that impact the future sustainability of the fund" as well as the best financial interests of members. 4. Westpac offloads BT super to Mercer In May, Westpac confirmed it signed a successor funds transfer with Mercer which saw ...

Australia confirms economic sanctions against Russia

ELIZABETH MCARTHUR  |  TUESDAY, 1 MAR 2022
... response to its invasion of Ukraine. So far Australia has sanctioned more than 350 Russian individuals, including oligarchs, members of Russian parliament and military commanders. In a joint statement, Prime Minister Scott Morrison, Minister for Foreign ...

Retail super fund to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 11 JAN 2022
... regulatory developments that impact the future sustainability of the fund" as well as the best financial interests of members. The fund is due to be terminated on March 1 with the fund to stop receiving contributions to accumulation accounts on February ...

NAB partners with life insurance, advice provider

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
... financial advice and travel insurance. NAB plans to white label Medfin products provided by Kooyong Group to Avant's 78,000 members. "Our business for specialised professional customers such as GPs and dentists has grown 7.5% over the past 12 months," ...

How wealthy families protect assets no matter what

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 AUG 2021
... from disputes and divorce within a family. "It is important to consider family dynamics, the jurisdiction of the family members and succession plan for decision making," Morris said. He suggested that building a flexible trust structure that allows different ...

ASIC takes on NAB for fee-for-no service breaches

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
... no services in return. Both failed to have controls and risk management systems in place to turn off ongoing fees for members who may have left the funds and were no longer receiving services. The fallout saw the exit of NAB chief customer officer of ...

Chances of CBA admitting to Essential Super wrongdoing "non-existent"

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
... morning in submissions, it being an unlikely prospect," he said. According to ASIC, around 390,000 Australians became members of Essential Super as a result of the distribution agreement, which ASIC believes amounts to a contravention of the Corporations ...

Westpac found to be immature, reactive

ELIZA BAVIN  |  FRIDAY, 17 JUL 2020
... facing a number of class actions, as well as inquiries by the corporate watchdog. In June 2020, the bank announced 38 staff members have faced punishment over the breaches, with the bank saying it should have recognised the faults in its systems earl ...

How PYS changes caused 34% premium hikes

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%. Members of Crescent Wealth Super, Members of Defence Bank, Bankfirst and ...
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