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Showing 1291 - 1300 of 4983 results for "Limit"

ERS continues super drain

ELIZA BAVIN  |  MONDAY, 3 AUG 2020
... funds of the application from the Australian Tax Office (ATO) and 95% have been made within APRA's five business day limit. Over the week to July 26, 140,000 applications were received by funds of which 59,000 were initial applications and 81,000 ...

Chief economist update: It's about human life, not human rights

BENJAMIN ONG  |  MONDAY, 3 AUG 2020
"We are all prisoners here of our own device." - Hotel California, The Eagles Victorian Premier Daniel Andrews declared Victoria in a "State of Disaster" from 6pm on August 2 and imposed Stage 4 restrictions that will run for six weeks (until September ...

Life insurance at tipping point: Industry leaders

ALLY SELBY  |  FRIDAY, 31 JUL 2020
Life insurance leaders have pushed for immediate and authentic change, lest current legacy business models and products hinder the growth and sustainability of the industry. Speaking at the Financial Services Council's (FSC) 2020 Life Insurance ...

AMP, BT and CBA to face class action

ELIZABETH MCARTHUR  |  FRIDAY, 31 JUL 2020
A new class action from Shine Lawyers alleges that more than half a million Australians were charged excessive insurance premiums by financial advisers aligned with AMP, BT and Commonwealth Bank. Proceedings have already been filed against AMP, which ...

HUB24 awards super trustee mandate

KANIKA SOOD  |  THURSDAY, 30 JUL 2020
HUB24 has appointed a new trustee for its $7.9 billion superannuation fund, after deciding to swap out Sargon's Diversa Trustees earlier this year. Equity Trustee's HTFS Nominees will now act as the trustee for HUB24 Super. "We are delighted to have ...

AIST pushes for policy reform

ALLY SELBY  |  THURSDAY, 30 JUL 2020
The Australian Institute of Superannuation Trustees has pushed for greater regulatory reform, in a bid to scale up super fund investment in infrastructure, energy and housing. In a statement sent to state governments, relevant department heads and the ...

CBA ups remediation bill for advice

ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
... expected to be revised to $195 million. CountPlus added it has entered into a new agreement with CBA to further increase the limit of indemnity provided to $300 million. "The potential for further increases to the indemnity limit remains under certain ...

Insurers COVID-19 response slammed

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
An announcement from the Financial Services Council (FSC) that life insurers would keep their COVID-19 support measures in place until the end of the year doesn't go nearly far enough, a lawyer has said. As part of the insurance response to COVID-19 ...

Chief economist update: Gold 2000

BENJAMIN ONG  |  WEDNESDAY, 29 JUL 2020
Gold prices have already been on the up and up last year, buoyed by major world central banks' about face towards a more accommodative policy - led by the US Federal Reserve's interest rate cuts (July, September and October 2019). Gold prices ...

Corporate super plan appoints chair

KANIKA SOOD  |  MONDAY, 27 JUL 2020
A corporate superannuation plan has appointed a new chair from Frontier Advisors, as the incumbent retires after 16 years. Gabriel Szondy will chair the Alcoa of Australia Retirement Plan, which manages retirement savings for the employees of Alcoa ...