Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1031 - 1040 of 2689 results for "Fair"

New reforms to smash major super funds

JAMIE WILLIAMSON  |  TUESDAY, 26 FEB 2019
... time younger super fund members stopped having to subsidise older super fund members. It's simply a matter of doing what is fair." Fee reforms should either see the end of flat dollar fees, or the introduction of account balance and age thresholds by ...

AFCA hears legacy complaints

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
The Australian Financial Complaints Authority will start taking legacy complaints starting July 1 for a limited amount of time. The Federal Government recently extended AFCA's remit after the Financial Services Royal Commission. This means the one-stop ...

Pay super fortnightly: ISA

HARRISON WORLEY  |  TUESDAY, 19 FEB 2019
... their retirement savings. "Some employers will go on using the payment hiatus for business cash flow," he said. "It's not fair, and the rules must change. "Every penny counts in retirement, and this interest could be the difference between having enough ...

Royal Commission recommendations split industry

KARREN VERGARA  |  MONDAY, 18 FEB 2019
... opportunity to implement major reforms. Meanwhile, about the same number of respondents (28%) argued the 76 recommendations were fair and reasonable. The remainder were split among believing the recommendations were unfair and unreasonable, and being ...

ASIC appeals Westpac Federal Court decision

JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
The corporate regulator is appealing last year's landmark Federal Court decision, determined to prove two Westpac subsidiaries provided personal financial advice despite not being licensed to do so. In December 2018, Justice Jacqueline Gleeson determined ...

Perfect storm smashes AMP

HARRISON WORLEY  |  THURSDAY, 14 FEB 2019
... officer Gordon Lefevre said a range of issues converged upon its wealth operations in 2018, leading to the result. "It'd be fair to say the Australian wealth management business was hit by a perfect storm in 2018," Lefevre said. The wealth manager ...

Chief economist update: Euro contagion redux?

BENJAMIN ONG  |  FRIDAY, 8 FEB 2019
... as sovereign yields remain elevated); and France (due to the negative impact of street protests and industrial action)." Fair enough. But even this downgraded assessment on the outlook for the single currency region is still optimistic compared with ...

AFCA appoints new ombudsman

DARREN SNYDER  |  THURSDAY, 7 FEB 2019
The Australian Financial Complaints Authority will soon welcome its newest ombudsman, an appointment that will be dedicated to resolving disputes for small businesses including financial services firms. Joining AFCA from February 12 is Geoff Browne. ...

Industry Super Australia attacks Future Fund concept

HARRISON WORLEY  |  TUESDAY, 29 JAN 2019
... modelled retirement savings from age 30 for about 40 years. Comparing the Future Fund with top quartile performing funds is fair, according to ISA, given it would compete directly with funds subject to a strong quality filter. "It should be compared ...

Managed accounts not immune to Royal Commission

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
... the fee for no service scandals," she said. "The new expectation is that ongoing fee recipients must provide customers with fair value and service in exchange for the fee."