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Showing 1171 - 1180 of 5871 results for "July"

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... FirstChoice instead of switching to the default MySuper product. The incidents relate to the period between 18 March 2014 and 21 July 2016. The Royal Commission referred the conduct to ASIC in February 2019 and ASIC filed the case a year later, in March ...

Economic recap: Week to September 3

BENJAMIN ONG  |  MONDAY, 6 SEP 2021
... production. The National Bureau of Statistics (NBS) figures show that China's steel output fell to a 15-month low in July. Chinese steel production fell by 8.4%. With the Politburo "dictating" that steel mills ensure their 2021 steel production doesn't ...

MySuper continues stellar performance

KARREN VERGARA  |  FRIDAY, 3 SEP 2021
MySuper products continue to deliver returns averaging 20% at the end of July, Rainmaker analysis shows. Rainmaker's MySuper Index returned 19.2% in the year to July 2021, surpassing June's rolling one-year return by 40 basis points. This makes July ...

ERS re-contributions won't be taxed

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
... program without them counting towards their non-concessional contributions cap. These contributions can be made between 1 July 2021 and 30 June 2030. The ATO clarified: "COVID-19 re-contribution amounts are not a new type of contribution. They are a ...

Family law super reform passes

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
... particular can experience after separation." The reforms were originally announced in late 2018 and due to take effect from July 2020. At the time, the delay was put down to "vagaries" of the federal system. The exposure draft legislation was later released ...

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... performance only test applied to 80 MySuper products, out of the thousands of superannuation products available to consumers. From July 2022, trustee-directed products will also face the test. However, "trustee-directed" products definition doesn't include ...

ABPs alone won't meet retirement income covenant: Knox

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... will have to look at other solutions. The government's latest guidance on the Retirement Income Covenant released in July backtracked from Comprehensive Retirement Income Products. It told trustees to focus on income and demoted its previous requirements ...

FASEA exam pass rate drops

KARREN VERGARA  |  WEDNESDAY, 1 SEP 2021
The financial adviser exam pass rate continues to dwindle as less than two-thirds of financial advisers passed the July exam sitting. The Financial Adviser Standards and Ethics Authority announced yesterday that 60% of the 1963 candidates passed the ...

WTL posts $3.3m loss

KARREN VERGARA  |  WEDNESDAY, 1 SEP 2021
... licensing, risk management, education and training, technical support, and practice management and development services. In July, it completed the acquisition of Sentry Group, adding around 275 advisers to the group. While Wealth Today and Sentry provide ...

New role for Harvey Kalman

ELIZABETH MCARTHUR  |  TUESDAY, 31 AUG 2021
... investment manager. He joins Arbitrium Capital Partners as non-executive director and chair of its credit risk committee. In July this year Kalman left his role as managing director (UK and Europe) and global head of business development Equity Trustees ...