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Showing 1221 - 1230 of 2789 results for "TES"

Fee for no service on APRA and ASIC radar

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
APRA and ASIC issued a joint letter warning superannuation funds and financial advisers that they will take a tougher approach to ensuring the fee for no service debacle is not repeated. The regulators are taking a more stringent stance on financial ...

Climate change an imminent threat to returns

ELIZABETH MCARTHUR  |  TUESDAY, 9 APR 2019
A new report from Mercer shows how a climate change of 2c or more could have a detrimental impact on investment returns. According to Mercer, investing for a 2c climate change scenario is both an imperative and an opportunity, as it leads to enhanced ...

KPMG partner moves to GROW Super

KARREN VERGARA  |  MONDAY, 8 APR 2019
A former KPMG partner and superannuation expert is joining GROW Super as head of strategy in May. Adam Gee will lead GROW's development strategy here and overseas, as well as implement the TINA platform, GROW's blockchain-enabled technology for superannuation ...

Poor governance spurs calls for directorship caps

JAMIE WILLIAMSON  |  MONDAY, 8 APR 2019
Governance experts are questioning how directors of multiple boards fulfil their duties and drive sustainable performance. Appearing at the Financial Executive Women Leadership Conference in Sydney last month, BMFS Consulting managing director Sarah ...

FCA hits Goldman Sachs over reporting failures

HARRISON WORLEY  |  FRIDAY, 5 APR 2019
The UK's financial services conduct regulator has fined Goldman Sachs International more than £34 billion over historic reporting breaches. The FCA revealed the fine late last month and said the global giant had failed to provide accurate and timely ...

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
Extra conditions have been placed on the AFSL of one of Australia's biggest financial advice licensees following an investigation sparked by phenomenal growth in adviser numbers in just six months. SMSF Advisers Network has had additional licence ...

Ageing population poses budget threat

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
The ageing population is a fiscal time bomb, according to a new report released by the Budget Office. The report found that by 2028-29 the ageing population is expected to reduce the budget balance by $36 billion, based on current projections. Revenue ...

Federal Budget: Industry responds

HARRISON WORLEY  |  WEDNESDAY, 3 APR 2019
The 2019-20 Federal Budget's subdued approach has received a similar welcome from the wealth industry. The big players are neither up in arms nor full of praise for the Budget, which was headlined by personal tax cuts and a $7.1 billion surplus ...

In a nutshell: Federal Budget 2019

JAMIE WILLIAMSON  |  TUESDAY, 2 APR 2019
Delivering the 2019-20 Federal Budget tonight, Federal Treasurer Josh Frydenberg said the Government has made real progress but there is still work to be done. Off the bat, Frydenberg announced an expected surplus of $7.1 billion - the first surplus ...

Protecting Your Super Package will cross finish line: Treasurer

KARREN VERGARA  |  TUESDAY, 2 APR 2019
Federal Treasurer Josh Frydenberg outlined in the Budget that part of the Protecting Your Super Package has been delayed but flagged it will pass into law before the end of 2019. A new law to enable superannuation fund members with a balance less than ...