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Government allows domestic violence victims early super access

HARRISON WORLEY  |  TUESDAY, 20 NOV 2018
Domestic violence victims will get early access to their superannuation. Delivering the Women's Economic Security Statement at the National Press Club today, Minister for Jobs and Industrial Relations and Minister for Women, Kelly O'Dwyer announced ...

Royal Commission puts bonuses on notice

HARRISON WORLEY  |  TUESDAY, 20 NOV 2018
Latest research from Macquarie University uncovers flaws in the use of balanced scorecards to determine remuneration. It comes as Australia's biggest bank bosses face the Royal Commission. According to researchers from the university's Applied ...

Comyn promises personal accountability

KARREN VERGARA  |  TUESDAY, 20 NOV 2018
... the executive team. He has brought seven new people to the executive level and confirmed he removed senior leaders who "did not adequately challenge each other and hold themselves and each other accountable." The new leadership team was selected based ...

Chief economist update: Finding neutral

BENJAMIN ONG  |  TUESDAY, 20 NOV 2018
... rate is. But we probably will know it when we are there because we will observe a certain degree of balance, which we had not perceived before, which would suggest that we are somewhere very close to where that is." "Essentially you get down to the point ...

Inside Bennelong and its UK engine room

DARREN SNYDER  |  TUESDAY, 20 NOV 2018
Thirteen months on from securing its first boutique partners, the UK business of Bennelong Funds Management is ready to scale up. But will Brexit get in the way? Speaking to Financial Standard in London recently, BennBridge chief operating officer Greg ...

ClearView launches new business, reshuffles executive team

KARREN VERGARA  |  MONDAY, 19 NOV 2018
... Seale has been the head of advice for ClearView/Matrix. General manager of group licensee Todd Kardash said LaVista's aim is not to tell advisers how to run their business, but to help them meet their legal obligations so they can focus on seeing clients ...

Super fund apologises for admin error

KARREN VERGARA  |  MONDAY, 19 NOV 2018
... to 2007. "We have introduced additional training and systems controls to ensure that this type of administrative error does not occur again in the future," Pennisi said Pennisi added an independent auditor has been hired to confirm if "we have appropriately ...

Knowledge, action gap puts SMSF savings at risk: Research

JAMIE WILLIAMSON  |  MONDAY, 19 NOV 2018
... part of the inaugural SMSF Week aimed at addressing the major issues facing the sector, including the argument that SMSFs are not suitable or effective if the balance is less than $1 million. The association said its own research shows "SMSFs can be ...

Apologies are over: Royal Commission looks to future

HARRISON WORLEY  |  MONDAY, 19 NOV 2018
... to prevent its reoccurrence. "This round is different," Orr said. She said the purpose of the seventh round of hearings was not to hear further apologies, or expressions of regret from financial service executives, but instead to understand what caused ...

Chief economist update: The money is one Fed rate hike next year

BENJAMIN ONG  |  MONDAY, 19 NOV 2018
... China, the Eurozone and Japan clearly show the loss of growth momentum there. Trump's tax cuts and fiscal spending would not provide the oomph it generated this year, unless he doubles up on these. And... we have yet to see the full extent of the ...