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Showing 1341 - 1350 of 3210 results for "Scheme"

PDS should reflect PYSP changes: ASIC

KARREN VERGARA  |  MONDAY, 24 JUN 2019
ASIC is reminding superannuation funds to update product disclosure statements to disclose exit fees will no longer be charged under the 1 July 2019 changes. ASIC has amended Class Order 14/1252 to align with the Treasury Laws Amendment (Protecting ...

AMP loses mandate to AustralianSuper

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
... businesses with their employees' superannuation arrangements," AMP said. Overall, the $8 billion Australia Post Superannuation Scheme has more than 33,000 members as at June 2018.

ASIC approves AFCA rules change

ELIZABETH MCARTHUR  |  TUESDAY, 18 JUN 2019
... government earlier this year. Under the government's additional condition, AFCA is now required to provide access to the AFCA scheme for consumers and small businesses harmed by financial misconduct as far back as January 2008. AFCA will be able to deal ...

International firm acquires advice group

JAMIE WILLIAMSON  |  WEDNESDAY, 12 JUN 2019
... consideration of $25 million will be payable on closing, at which time Canaccord Genuity plans to implement an equity incentive scheme for key Patersons personnel. The acquisition is subject to shareholder approval, though 60% of shareholders have already ...

Intrust launches micro-saving app

KARREN VERGARA  |  TUESDAY, 11 JUN 2019
... without them having to think about it. It could even help them save for a house deposit using the First Home Super Saver scheme." Launched last year, the First Home Super Saver scheme allows new home buyers to contribute up to $15,000 each to their concessionary-taxed ...

Frat house ponzi scheme charged

KANIKA SOOD  |  FRIDAY, 7 JUN 2019
A ponzi scheme run by a 22-year old out of a college fraternity house in the United States has copped the regulator's ire. Syed Arhan Arbab collected more than $269,000 from at least eight college students, recent graduates, or their family members ...

Final farewell for industry association

JAMIE WILLIAMSON  |  FRIDAY, 7 JUN 2019
... former public sector employees in receipt of a defined benefit pension as part of the now-closed Commonwealth Superannuation Scheme and Public Sector Superannuation schemes. In recent years, the body has predominantly advocated for changing the means ...

Navigating the new Pensioners Loan Scheme

KANIKA SOOD  |  THURSDAY, 6 JUN 2019
... family home from July 1 but retirees must weigh individual circumstances before applying for the revamped Pensioners Loan Scheme, says AMP. The scope of the Pensioners Loan Scheme, which allows older Australians to borrow money against their homes to ...

PYSP puts SMSFs at risk

HARRISON WORLEY  |  THURSDAY, 6 JUN 2019
... who deliberately hold membership with an APRA-regulated fund in order to obtain life cover through the fund's group life scheme. Often these funds hold small balances and are not regularly contributed to. The Government's PYSP reforms will see super ...

TAL offers advisers ethics assistance

HARRISON WORLEY  |  TUESDAY, 4 JUN 2019
... their FASEA's requirements. "From 1 January 2020, financial advisers must comply with a code of ethics and be covered by a scheme under which their compliance with the code of ethics will be monitored and enforced," Riley said. "Additionally, financial ...