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

Search Results

Showing 1091 - 1100 of 3208 results for "Scheme"

ASIC terminates illegal investment scheme

ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
The Federal Court has taken action to dissolve an unregistered investment scheme operated by a former AMP authorised representative. MyWealth Manager was operated by Mustafa Mohammed, along with Mahek Mustafa, Mubashir Mohammed. The scheme related to ...

Queenslanders drain super: ISA

ELIZA BAVIN  |  WEDNESDAY, 29 JUL 2020
... Industry Super Australia (ISA) claims 27% of Queenslanders with a super account have accessed the Early Release of Super (ERS) scheme; the highest proportion in the nation. ISA said over 145,000 Queenslanders have wiped out their retirement savings all ...

Life insurance needs to prove value

ANNABELLE DICKSON  |  WEDNESDAY, 29 JUL 2020
... First State Super has seen an increased appetite for members to review cover. On the other hand, the Early Release of Super scheme (ERS) is causing problems for life insurance cover and is leaving people exposed. "We have been proactive with members ...

Aussie investors unhappy with pandemic performance

ANNABELLE DICKSON  |  TUESDAY, 28 JUL 2020
... of 2020. bfinance Australian senior director Frithjof van Zyp said: "The sudden introduction of the super early release scheme will have likely further contributed to superfunds having to rethink their strategic asset allocations." The survey revealed ...

Corporate super plan appoints chair

KANIKA SOOD  |  MONDAY, 27 JUL 2020
... also a member of CareSuper's investment committee. In the past, he has held directorships at Commonwealth Superannuation Scheme and Military Super. He has also chaired Association of Superannuation Funds in Australia's (ASFA)'s national taxation ...

Repeat ERS applications hit one million

ELIZA BAVIN  |  MONDAY, 27 JUL 2020
... the total number of initial applications to 2.9 million and repeat applications to one million since the inception of the scheme. Over the week to July 19, superannuation funds made payments to 349,000 members, bringing the total number of payments by ...

New class action regulations slammed

ALLY SELBY  |  FRIDAY, 24 JUL 2020
... yes, more regulation is required, but along with many other submissions I've read, I don't think the managed investments scheme or the AFSL would be the most appropriate method to do that, and I don't think regulation for litigation funders is something ...

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
With the much-awaited final report expected to be handed down today, all eyes are on its findings. Here's what Rice Warner and Grattan Institute are expecting from it. A draft of the report was not circulated for stakeholder comment and the review ...

Super to lose $3tn by 2040

JAMIE WILLIAMSON  |  FRIDAY, 24 JUL 2020
... follows the news that more than $30 billion has so far been withdrawn from the system as part of the early release of super scheme, with more anticipated to be withdrawn over the next six months after the government's announcement yesterday that ...

NULIS calls for clearer regulatory definitions

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
NULIS said it intends to explore opportunities to enhance its intra-fund advice offering, but requires more concise regulatory definitions before it can proceed. In a written response submitted to the House of Representatives Standing Committee on Economics ...