ANZ to pay $57.5m to settle class action - Financial Standard
WEBMar 25, 2024 — The class action related to certain interest charged on specific ANZ personal credit cards in the period from 1 July 2010 to 1 January 2019. As part of the settlement, ANZ will pay $57.5 million, which is covered by a provision held at 30 September 2023. The settlement is without admission of liability and remains subject to court approval.
ASFA Retirement Standard hits record high
WEBMar 13, 2024 — Superannuation. ASFA Retirement Standard hits record high. BY ANDREW MCKEAN | WEDNESDAY, 13 MAR 202412:45PM. The ASFA Retirement Standard for December quarter 2023 increased to a record high $72,148 per year for couples, and $51,278 for singles. The necessary lump sum for a "comfortable retirement" increased by 3.5% from last year.
Julie Lander named FEAL Fund Executive of the Year
WEBAug 4, 2022 — Lander has served as CareSuper's chief executive for over 20 years, now managing $20 billion on behalf of 220,000 members. As the recipient of this year's award, Lander was gifted an education grant of $25,000, sponsored by T. Rowe Price. FEAL chair Brian Delaney said Lander has been an exceptional leader …
Chalmers sworn in as treasurer | Financial Standard
WEBMay 23, 2022 — Treasury is now led by Jim Chalmers, the man who has served as shadow treasurer since mid-2019. He was sworn in this morning shortly after the nation's 31 st prime minister Anthony Albanese. Chalmers has been a part of the shadow Treasury team since July 2016 when he was shadow minister for finance. …
ACSRF, UniSuper confirm merger | Financial Standard
WEBMay 16, 2022 — BY JAMIE WILLIAMSON | MONDAY, 16 MAY 2022 12:25PM. Australian Catholic Superannuation and Retirement Fund and UniSuper have signed a Heads of Agreement to formally merge. In December the two funds announced they were undertaking due diligence on a potential merger. Today, the funds have said that process determined it was in the best financial ...
Former Australian Unity adviser banned | Financial Standard
WEBApr 29, 2021 — BY JAMIE WILLIAMSON | THURSDAY, 29 APR 2021 12:16PM. A former authorised representative of Australian Unity Personal Financial Services was handed a five-year ban for telling clients MySuper options are more expensive and to opt out of the products. Christopher Chan will serve a five-year ban for writing misleading and deceptive emails to some ...
Government opens consultation on key advice reforms
WEBApr 19, 2021 — Details of any disciplinary action against an adviser by the FSCP may also be published on the ASIC Financial Adviser Register, including warnings, reprimands, directions to undertake specified training, counselling or supervision, orders suspending or prohibiting registration, and infringement notices.
J.P. Morgan rolls out global accounting services
WEBSep 23, 2020 — J.P. Morgan rolls out global accounting services. J.P. Morgan has begun moving its Australian customers over to its global accounting system, which will give local clients access to additional services. The move to the new accounting system, FIS' InvestOne, has been a multi-year project and seeks to deliver enhanced, globally consistent ...
Experience pathway enshrined in legislation - Financial Standard
WEBSep 8, 2023 — Experience pathway enshrined in legislation. The highly anticipated legislation that recognises veteran financial advisers as professionals and exempts them from undertaking further qualifications has passed both houses of parliament. The Labor government passed Treasury Laws Amendment (2023 Measures No. 3) Bill 2023 on September 6 in a bid to ...
Australian firms spend 3.6bn on financial crimes
WEBJun 16, 2022 — BY CASSANDRA BALDINI | THURSDAY, 16 JUN 2022 12:59PM. A new study has shown that Australian financial service companies are expected to spend more than $3.6 billion on financial crime compliance in 2022. Yesterday LexisNexis Risk Solutions released the first Australian edition of its true cost of compliance study.
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