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Showing 101 - 110 of 842 results for "Basic"

AFCA flags legal uncertainty on SMSF wholesale test

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
Financial advisers must be mindful of the "legal uncertainty" that exists when applying the appropriate wholesale test on self-managed super funds (SMSF), according to the Australian Financial Complaints Authority (AFCA). AFCA senior ombudsman Alex ...

UK advisers told to review retirement advice processes

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
Financial advisers in the UK are being asked to examine their processes when providing retirement income advice, following a thematic review that found some "are not even getting the basics right." The Financial Conduct Authority (FCA) undertook the ...

Advanced ETP portfolios come at higher cost, complexity

ANDREW MCKEAN  |  THURSDAY, 14 MAR 2024
... construct portfolios that focus on specific needs of investors, such as the need for income in retirement. In contrast, a basic ETP portfolio costs around 10 basis points per year - about three times less than the intermediate portfolio. However, an ...

Global dividends reached record high in 2023

ELIZA BAVIN  |  WEDNESDAY, 13 MAR 2024
... impact. Energy prices remain firm so oil dividends are affordable and the big defensive sectors like healthcare, food and basic consumer goods should continue to make steady progress. What's more, dividends are much less variable than profits over ti ...

Advice reforms can solve retirement income challenges

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
... members to "better settings as they approach enter and then live through their retirement phase." This means communicating basic information before they reach retirement and to check-in with them throughout their retirement years. The institute also ...

NAB names new chief executive

CHLOE WALKER  |  WEDNESDAY, 7 FEB 2024
Andrew Irvine will become National Australia Bank's new group chief executive and managing director, succeeding Ross McEwan. Irvine has served as NAB's group executive and private business since 2020 and boasts 27 years of experience in financial services. ...

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
... superannuation fund. However, recent surveillance and enforcement indicates that some superannuation are failing to meet basic member service standards. Notably, ASIC has initiated civil penalty proceedings against TelstraSuper for not meeting internal ...

ASIC extends intervention orders against predatory lenders

CHLOE WALKER  |  MONDAY, 8 JAN 2024
... contracts were originally aimed at vulnerable retail clients who were facing financial difficulties and needed loans for basic living expenses. Many of these clients had already been declined for regulated credit. These products charged significant fees ...

Ultra-low fees define basic ETPs

ANDREW MCKEAN  |  TUESDAY, 5 DEC 2023
... 0.22%. Meanwhile, net flow data for the 12 months leading up to September 2023 revealed a strong investor preference for basic Australian equities ETPs, which led with net flows of $2.8 billion. This was closely followed by fixed interest ETPs at $2.7 ...

Young women report low financial literacy: NAB

CASSANDRA BALDINI  |  FRIDAY, 24 NOV 2023
... displaying overconfidence in their financial literacy comprehension can pose just as much of a challenge as those lacking basic knowledge. "The most important thing to remember is there is no such thing as a silly question when it comes to finance," ...