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Showing 10481 - 10490 of 28277 results for "NOT"

Federal Court rules partly in favour of DomaCom

HARRISON WORLEY  |  TUESDAY, 14 AUG 2018
... Purpose Test has been termed a "milestone" for the SMSF industry, however there are still hurdles to clear before sub-funds are not considered in-house assets or related trusts under the SIS (Superannuation Industry Supervision) Act. The full Federal ...

Trust in financial services down since Royal Commission: Poll

HARRISON WORLEY  |  TUESDAY, 14 AUG 2018
... interrogated at length over its own fees issue, which involved charging plan service fees (PSFs) to superannuation members who did not access financial advice. Last week the commission heard from AustralianSuper chief executive and Industry Super Australia ...

Chief economist update: Emerging markets feel the heat as Turkey burns

BENJAMIN ONG  |  TUESDAY, 14 AUG 2018
... roasting and so do several European countries. The European Central Bank (ECB) can only count its blessings that Turkey is not Greece. It has applied, but Turkey is not (yet) a member of the single-currency area. Still, the ECB has every right to be ...

NAB initially under-reported remediation bill to ASIC

KANIKA SOOD  |  MONDAY, 13 AUG 2018
... Tanzer, who was updating ASIC's numbers on remediation costs for a report featuring other banks as well. The NAB executive did not tell Tanzer the bank's estimate for its total compensation bill for the plan service fees. Neither did he put NAB's dollar ...

NAB complicated plan service fee issue: Royal Commission

HARRISON WORLEY  |  MONDAY, 13 AUG 2018
... Hodge asked what reason Hagger could think of as to why the trustee - acting in the best interests of its members - would not want to remediate them fully. Hagger replied the trustee has a duty to work through what the appropriate remediation methodology ...

Indigenous Australians face super challenges: Royal Commission

HARRISON WORLEY  |  MONDAY, 13 AUG 2018
... through "gratuitous concurrence", a phenomenon whereby a person appears to agree with propositions put to them, even if they do not actually agree. In the fourth round of hearings the Royal Commission heard of the unethical practices and incentives of ...

Super fees outpace asset growth: Research

KARREN VERGARA  |  MONDAY, 13 AUG 2018
... Regulatory Guide 97. An estimated $2.2 billion in fee increase is a result of such changes, of which $2 billion or 90% affected not-for-profit funds (NFP). Breaking it down by segment, retail funds on average charge lower fees in MySuper products than ...

Macquarie acquires Investa Office Fund stake

JAMIE WILLIAMSON  |  MONDAY, 13 AUG 2018
... such, Investa Listed Funds Management has been notified that the Investa Commercial Property Fund, in its own opinion, is not restricted by the Corporations Act from voting on any of the resolutions proposed by the Investa Office Fund in relation to ...

Life insurance loyalty waning

JAMIE WILLIAMSON  |  MONDAY, 13 AUG 2018
... "This group is also likely to be coping with young families and other cost pressures including mortgages and as a result may not always be interested in taking out risk and life insurance despite the fact that often they have the greatest need," Roy ...

Financial crime taskforce puts two behind bars

KARREN VERGARA  |  MONDAY, 13 AUG 2018
... through New Zealand and declared as income. The majority of the consulting payments returned to the pair as sham loans and not declared to the ATO. The SFCT was established in 2015 with a dedicated $127.6 million in Government funding. According to Minister ...