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Showing 1 - 10 of 356 results for systemic

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... paper filing system until September 2020. Issuing the penalty, Justice McEvoy said the contraventions were serious and systemic, saying Lanterne's conduct fell well short of the reasonable standard expected by the public. "It failed to demonstrate competence ...

IMF flags concerns over 'risky' private credit market

ELIZA BAVIN  |  TUESDAY, 9 APR 2024
... risks. "Valuation is infrequent, credit quality isn't always clear or easy to assess, and it's hard to understand how systemic risks may be building given the less than clear interconnections between private credit funds, private equity firms, commercial ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... consumer was expressing a level of dissatisfaction". Problematic or the lack of IDR processes are some of the most prevalent systemic issues AFCA deals with. In one example, a fund failed to handle complaints appropriately both at the IDR and external ...

Indigenous communities reunited with $25m in lost super

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
... of dollars in superannuation are being disconnected from Indigenous communities which highlights the urgent need for systemic change to prevent such significant losses. Through our outreach initiatives, we've shown that offering culturally sensitive ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... secure more than $40 million in refunds for hundreds of thousands of consumers between July and December 2023. AFCAs Systemic Issues Insights Report revealed the 139,011 consumers received their share of $40 million after 111 systemic issues were identified. ...

Advanced ETP portfolios come at higher cost, complexity

ANDREW MCKEAN  |  THURSDAY, 14 MAR 2024
... complexity. According to Rainmaker Information, constructing a balanced portfolio with intermediate ETPs, which target systemic risks like style and market capitalisation factors in equities and duration and credit risks in fixed interest, costs around ...

TelstraSuper sweetens parental leave policy

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... out that such policies also carry recruitment and retention benefits. "The reason for the gap is a complex mixture of systemic and workplace issues such as the gender pay gap, unpaid caring work, part-time work, and even financial literacy. The difference ...

Super funds captivated by equities: Research

KARREN VERGARA  |  TUESDAY, 27 FEB 2024
... regulators. "Government influence on pension schemes is also at high level as governments look for new ways to fund the systemic investment needed to overcome capital-hungry systemic issues such as the energy transition, climate change mitigation and ...

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... itself. "I think the super funds are also very well aware of the reputational risks that they run by having any kind of systemic approach to QAs that would bear accusation. So, I think that they will be quite careful to ensure that these people have ...

AFCA reports unprecedented complaint spike

ANDREW MCKEAN  |  TUESDAY, 9 JAN 2024
... than 420,000 complaints, helping to secure $1.3 billion in compensation or refunds for consumers. In addition, AFCA's systemic issues work - where it identifies wider issues than a single complaint - has resulted in 4.9 million people receiving more ...
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