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Showing 1 - 10 of 407 results for %22remediation%22

Industry funds set to gobble up over 50% of superannuation assets

ANDREW MCKEAN  |  THURSDAY, 21 MAR 2024
... under the Your Future, Your Super package. Retail funds will also grow, but at a slower rate reflecting the gradual remediation of issues raised by the Hayne Royal Commission. SMSFs will remain popular, but their growth is expected to be less strong ...

Insignia details transformation progress

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... up 1.2% on 1H23. However, its statutory NPAT was impacted by costs related to its ongoing restructure and increased remediation provisions, resulting in a $49 million loss. Its funds under management and advice increased by $15.5 billion to $300.6 billion ...

Risk, compliance staff in hot demand

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... 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 of taking a significant pay cut to enter the market in a ...

Unlisted asset valuation practices under review

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... APRA said it "will take a proportionate response and may intensify supervision, require root cause analysis, request remediation plans, and consider enforcement action." An example of this was the regulator's action against NGS Super in December, slapping ...

AMP revamps Jigsaw Advice Solutions

JAMIE WILLIAMSON  |  THURSDAY, 14 DEC 2023
... marketing services. Advisers also have the option to add-on other services like complaints handling, individual client remediation, business consulting, professional year support, and money management solutions. In enhancing the offering, AMP has made ...

MLC Life names general manager, remediation

JAMIE WILLIAMSON  |  MONDAY, 11 DEC 2023
MLC Life has hired the man who led Commonwealth Bank's recent $1 billion remediation program to the role of general manager, remediation programs. Ian Fletcher, currently general manager of program strategy, customer remediation at Commonwealth Bank ...

'Significant deficiencies' lead APRA to act against NGS Super

JAMIE WILLIAMSON  |  FRIDAY, 8 DEC 2023
... the additional conditions now require the fund to engage an independent third party to provide assurance regarding remediation activities and to address the recommendations of the reviews. The third party must also conduct an operational effectiveness ...

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... outcome shows, if they fail to do so, they face significant penalties." Mercer has previously paid about $45 million in remediation to more than 3400 clients who were charged fee for advice they may not have been provided. This conduct stretched from ...

Perth Mint enters voluntary enforceable undertaking

CASSANDRA BALDINI  |  THURSDAY, 23 NOV 2023
... regulatory response. AUSTRAC said the EU will ensure that Gold Corporation commits sufficient resources to implement its remediation program or risk further enforcement action. It said further action could include seeking court orders to enforce the ...

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
... Markets Asia Pacific, Eightcap, IG Australia, Pepperstone Group, Saxo Capital Markets, and City Index were forced to pay remediation. Of the amount paid, $13.1 million went to 523 clients of Oztures Trading, which traded as Binance Australia Derivatives ...
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