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Showing 1021 - 1030 of 2988 results for "ARRA"

APRA warns trustees on PYSP deadline breach

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
APRA has warned trustees that failed to comply with the July 1 Protecting Your Superannuation Package deadline to inform the prudential regulator straight away. A trustee that breaches the PYSP legislation at the product level application or the fixed-term ...

Whistleblowers given new protection

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUL 2019
From July 1, whistleblowers who report misconduct about companies and company officers have more rights and stronger protections. The Corporations Act 2001 has been updated to better protect corporate whistleblowers by requiring their confidentiality ...

Bristol Street adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 28 JUN 2019
A financial adviser has been hit with an ASIC ban of five years after taking a one-size-fits-all approach to financial advice. Frazer Jon Muscat from Beenleigh in Queensland was banned after ASIC surveillance revealed that he failed to take into account ...

Dealer group transitions to fee-based model

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
A dealer group has ditched grandfathered arrangements ahead of the 2021 deadline and transitioned the majority of its network to a fee-for-service model. ASX-listed Centrepoint Alliance moved 200 out of 226 of its financial advice firms to a new "transparent ...

Future Super to offer investment app

HARRISON WORLEY  |  FRIDAY, 21 JUN 2019
The $400 million superannuation fund is set to launch an investment app. Future Super is planning to open the doors to Array, an app allowing everyday Australians to invest in renewable energy for as little as $5. According to the Array site, the first ...

AMP loses mandate to AustralianSuper

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
AMP has lost a workplace superannuation fund contract to AustralianSuper. Australia Post has selected AustralianSuper as its new default super fund provider following pressure from the Communications Workers Union (CWU), the representative of postal ...

Superannuation reforms underway

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
In her first industry address since inheriting the superannuation portfolio, Senator Jane Hume reinforced the Federal Government's plans to fix the structural problems across the retirement system and ultimately improve outcomes for members. Speaking ...

LUCRF Super ups premiums for older members

KARREN VERGARA  |  THURSDAY, 13 JUN 2019
The $6.5 billion superannuation fund is "substantially" reducing premiums for younger members at the expense of members aged 50 and over. LUCRF Super is changing death and TPD, and death insurance cover from July 1 as part of the new Protecting Your ...

Commonwealth FP completes EU compliance

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 JUN 2019
Commonwealth Financial Planning has complied with ASIC's court enforceable undertaking regarding fees for no service conduct and said it will transition to a new business model. At the end of May, ASIC received an attestation from Commonwealth Financial ...

University to probe reverse mortgages

KANIKA SOOD  |  TUESDAY, 11 JUN 2019
The University of New South Wales' business school is starting a two-year research project on reverse mortgages to find why their uptake has been slow in Australia. Reverse mortgages allow retirees to borrow money against their homes to supplement ...