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

Search Results

Showing 1381 - 1390 of 3210 results for "Scheme"

Sole purpose test divides industry

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... Coles Myer discount card shares within their SMSF secured fund members a discount card at the former retail behemoth. The scheme attracted the attention of both APRA and the ATO, and was subsequently banned in 2002 for being inconsistent with the sole ...

Up close and personal: Women in financial services

JAMIE WILLIAMSON  |  FRIDAY, 8 MAR 2019
... Exactly how much, he didn't know. After volunteers identified him as a public servant under an old defined benefit scheme, they traced $750,000 to his name and an outpouring of emotions erupts. Seeing lives change, Amanda Young says, is the most ...

State government awards super fund mandate

KARREN VERGARA  |  MONDAY, 11 FEB 2019
The Northern Territory Government and Public Authorities' Superannuation Scheme (NTGPASS) awarded Statewide Superannuation a new mandate, replacing AustralianSuper. Statewide will manage the default superannuation of new government employees. From ...

AFCA appoints new ombudsman

DARREN SNYDER  |  THURSDAY, 7 FEB 2019
The Australian Financial Complaints Authority will soon welcome its newest ombudsman, an appointment that will be dedicated to resolving disputes for small businesses including financial services firms. Joining AFCA from February 12 is Geoff Browne. ...

Conflicts of interest recommendation falls short

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... members of the superannuation fund are not the same as the duties it will owe as responsible entity of a managed investment scheme and the duties will be owed to two different classes of members." ISA said the proposed changes overall should in most ...

Misconduct must end: Frydenberg

DARREN SNYDER  |  MONDAY, 4 FEB 2019
... at focus on improving financial services for consumers. For the first time the Government will establish a compensation scheme of last resort to ensure that consumers can have their case heard "and be confident that where compensation is owed it will ...

Ponzi scheme fined $1.4bn

KANIKA SOOD  |  WEDNESDAY, 30 JAN 2019
A Ponzi scheme that allegedly duped 8400 retail investors in the US has been ordered to pay US$1 billion in penalties and disgorgement. Woodbridge Group of Companies LLC and its former owner and chief executive Robert H. Shapiro lured retail investors ...

Australia Day honours recognise industry stalwarts

JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
... director of the Australian Government Employees Superannuation Trust and the Victorian Emergency Services Superannuation Scheme. Finally, APRA deputy chair John Lonsdale was awarded the Public Service Medal for his work in improving the stability, efficiency ...

State Super appoints CIO

KARREN VERGARA  |  THURSDAY, 24 JAN 2019
... Livanas said. State Super (otherwise known as SAS Trustee Corporation) is the trustee of the State Authorities Superannuation Scheme, State Superannuation Scheme and Police Superannuation Scheme. The assets of all four schemes are combined into the STC ...

Managed accounts not immune to Royal Commission

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
A legal expert is warning managed accounts providers of the potential implications the financial services Royal Commission will have on remuneration and product recommendations. The Fold Legal chair Claire Wivell Plater urges financial advisers not ...