Search ResultsShowing 1 - 10 of 100+ results for "Government"
ASIC to review end of grandfathering
ELIZABETH MCARTHUR  |  WEDNESDAY, 21 AUG 2019
... grandfathered conflicted remuneration arrangements for financial advisers. Announced today, the review follows the government's commitment to end the practice by January 2021. ASIC said it will review the steps already taken by the industry to end ...
Complex retirement system requires simplicity: Report
KARREN VERGARA  |  WEDNESDAY, 21 AUG 2019
... report is putting forth key reforms needed to make superannuation fairer and more efficient ahead of the Federal Government's review of the retirement income system. The Actuaries Institute outlined a number of reforms needed to help fix the ...
Chief economist update: The hazard of being a safe haven
BENJAMIN ONG  |  WEDNESDAY, 21 AUG 2019
... its monetary policy meeting on July 30, deciding to keep the status quo - interest rate at -0.1% and 10-year government bond yield target at around 0% - and vowed to "maintain the current extremely low levels of short and long-term interest ...
Government super fund changes insurance terms, premiums
KARREN VERGARA  |  TUESDAY, 20 AUG 2019
A $29 billion government superannuation fund is making several changes to its premiums and policy terms following negotiations with its insurer AIA Australia. From 1 October 2019, members of GESB Super and West State Super will see changes to their ...
Peak bodies respond to government roadmap
KRISTI CHENG  |  TUESDAY, 20 AUG 2019
While many have welcomed the government's roadmap for implementing Commissioner Hayne's recommendations, bodies representing the superannuation industry are leading criticisms against the timetable. The Australian Institute of Superannuation ...
Chief economist update: Tweeting Trump versus totalitarian Xi
BENJAMIN ONG  |  TUESDAY, 20 AUG 2019
... sales, industrial production, fixed asset investment, total social financing, among others - have prompted the government unveil counter-cyclical measures. In addition to lowering its yuan fixing versus the US dollar, the People's Bank of ...
Frydenberg flags new advice disciplinary system
HARRISON WORLEY  |  MONDAY, 19 AUG 2019
A new disciplinary system for financial advisers with a central disciplinary body headlines the government's Royal Commission implementation roadmap released today. Revealing how the government will tackle the 76 recommendations made by ...
ASIC accelerates enforcement
ELIZABETH MCARTHUR  |  MONDAY, 19 AUG 2019
... financial sectors. The expansion of the regulator is being funded by $404 million over four years allocated by the Government following the Royal Commission. The Office of Enforcement is working on 13 matters referred to ASIC by the Royal ...
Government fund seeks investment manager
KANIKA SOOD  |  FRIDAY, 16 AUG 2019
A $2 billion fund created by the government is on the lookout for an investment manager. The Australian Office of Financial Management AOFM on Monday opened the tenders for investment management services for the $2 billion Australian Business ...
Super sector needs to end culture war
KRISTI CHENG  |  FRIDAY, 16 AUG 2019
... retail and wholesale competition in super funds, saying the focus of the sector has been "distorted" by how much government-mandated money it receives. "This has bred a culture of introspection and navel gazing," he said, urging industry and ...
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