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

Search Results

Showing 111 - 120 of 5862 results for %22A-Z Review%22

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... to customers. Mercer admitted that, between July 2016 and June 2019, it failed to invite more than 800 clients to annual review meetings when they were entitled to attend; failed to provide fee disclosure statements to more than 500 clients; issued over ...

On-platform TDPs miss performance test benchmarks, worst on fees: APRA

ANDREW MCKEAN  |  WEDNESDAY, 29 NOV 2023
APRA has released new insights into superannuation product performance, revealing that most on-platform trustee directed products (TDPs) underperform their benchmark and exhibit higher administration fees. The prudential regulator's analysis based on ...

British banker to become RBA deputy governor

CHLOE WALKER  |  TUESDAY, 28 NOV 2023
... talented staff of the RBA to serve the Australian people, and to help make a reality of the recommendations of the RBA Review," he said. Hauser's appointment comes as the government plans to reform and modernize the RBA, including the introduction of ...

Commonwealth Super Corp selects Challenger for retirement products

CHLOE WALKER  |  TUESDAY, 28 NOV 2023
... Challenger, Australia's largest provider of annuities," CSC chief executive Damian Hill said. "CSC has undertaken a detailed review of the options and providers available to help our customers address longevity in retirement, and Challenger is our selected ...

New bill to strip treasurer of RBA monetary policy veto powers

ANDREW MCKEAN  |  MONDAY, 27 NOV 2023
... introduction of the Treasury Laws Amendment (Reserve Bank Reforms) Bill 2023. The bill will enact recommendations from the RBA Review released in April and is the culmination of months-long discussions with the central bank and Opposition. In addition ...

Treasury mulls reforming use of genetic test results by life insurers

JAMIE WILLIAMSON  |  MONDAY, 27 NOV 2023
... show the average sum of insured individual policies of lump sum death cover - excluding group cover - is about $714,000. A review of the moratorium by Monash University, conducted at the request of Treasury, raised several concerns about the use and ...

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... entitled to do so. Mercer admitted that, between July 2016 and June 2019, it failed to invite more than 800 clients to annual review meetings when they were entitled to attend; failed to provide fee disclosure statements to more than 500 clients; issued ...

Praemium plummets on weak financial outlook

ANDREW MCKEAN  |  THURSDAY, 23 NOV 2023
... the development of its Investor Directed Portfolio Services (IDPS) set for a 2024 launch, and operational transformation review that's expected to yield cost savings. Praemium expects a considerable uptick in underlying EBITDA from its strategic ...

Key advice reforms still coming, Jones promises

JAMIE WILLIAMSON  |  WEDNESDAY, 22 NOV 2023
... feedback from the advice sector in relation to the first tranche of draft legislation to come out of the Quality of Advice Review, released last week. Upon its release, many lamented the exclusion of any changes to the provision of Statements of Advice ...

Paraplanners unfazed by QAR, AI: Survey

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
The majority of paraplanners are not worried about artificial intelligence or the Quality of Advice Review potentially making their roles redundant, according to a new survey. This year's Paraplanner Hub and Tanngo survey finds that most paraplanners ...