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Showing 1241 - 1250 of 9371 results for "Income"

AFCA amends consumer compensation caps

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
... insurance, life insurance, and investments and advice. The limits, however, do not apply to superannuation complaints. For income streams stemming from a life or general insurance policy, the compensation amount is maxed at $16,900 per month per claim. ...

Zurich cleared by Federal Court in life insurance dispute

ANDREW MCKEAN  |  MONDAY, 8 JAN 2024
... of breaching its duty of utmost good faith by the Federal Court, in a case connected to OnePath Life's avoidance of an income protection policy. The case marks ASIC's first attempt to impose a civil penalty under s13 of the Insurance Contracts Act 1984 ...

Mitsubishi UFJ Financial Group to acquire Link Group

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... Link Fund Solutions finalised the compensation amount of $438 million it will pay investors in the failed Woodford Equity Income Fund.

Fee consent forms, FDS overhaul concerns FAAA

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... Taxation Office recently clarified rules on deductibility of financial advice fees under new draft determination TD 2023/D4 Income tax: deductions for financial advice fees paid by individuals who are not carrying on a business. The ATO proposed adding ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... rate? The answer is that they can. It doesn't seem fair." Most recently, Zurich's OnePath raised premiums for its income protection insurance for the Plus (Series2) policy by 100% over the next two years. "Given an increase in claims volume and ...

Morningstar reveals Australian equities upgrades, downgrades

ANDREW MCKEAN  |  FRIDAY, 15 DEC 2023
... the process and reliance on a recovery in the fortunes of the minimum volatility style factor. The First Sentier Equity Income fund was handed a downgrade as some share classes had dropped in relative ranking within its Morningstar category. Meanwhile ...

Woodford investors approve Link redress scheme

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
Close to 100% of investors trapped in the failed LF Woodford Equity Income Fund have approved the compensation scheme under which up to $438 million will be paid by Link Fund Solutions. About 93.7% of investors - representing 96.1% of the value - voted ...

Government reports improved fiscal outlook

ANDREW MCKEAN  |  WEDNESDAY, 13 DEC 2023
The federal government has released its 2023-24 Mid-Year Economic and Fiscal Outlook (MYEFO), revealing a deficit reduction of $1.1 billion, an improvement of $12.8 billion from earlier projections. Since the last election, the government has identified ...

AustralianSuper supersizes Churchill Asset Management mandate

ANDREW MCKEAN  |  WEDNESDAY, 13 DEC 2023
... through its in-house investment team and strategic partnerships. The fund believes that private credit can offer attractive income and returns, alongside stability during uncertain economic conditions. AustralianSuper head of private credit Nick Ward ...

How young Australians are missing out on better super returns

ANDREW MCKEAN  |  TUESDAY, 12 DEC 2023
... accounts. "Younger investors will need to generate more wealth through superannuation to allow them a comfortable retirement income. While younger investors have the benefit of longer working lives and a rising superannuation guarantee, they will need ...