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Showing 121 - 130 of 665 results for "Reference"

Calls for greater efforts to close gender pay, super gap

ANDREW MCKEAN  |  WEDNESDAY, 24 AUG 2022
... education levels." The ABS said the median super balance for males is $208,200 compared to just $168,000 for females. For reference, the ASFA Retirement Standard contends that the super balance required to achieve a comfortable retirement at age 67 is ...

Review of ASIC funding model begins

ANDREW MCKEAN  |  TUESDAY, 9 AUG 2022
The government has commenced a review of the ASIC Industry Funding Model, issuing terms of reference. An update from Treasury said the review will be forward looking and focused on identifying refinements to the industry funding model. Treasury added ...

Treasurer announces RBA review

ANDREW MCKEAN  |  WEDNESDAY, 20 JUL 2022
... it to be exclusively focused on a backward-looking blame shifting exercise," he added. The recently released terms of reference for the review further stipulate that it will exclude the RBA's payments, financial infrastructure, banking, and banknote ...

New guidance to improve super funds' understanding of ESG risks

JAMIE WILLIAMSON  |  TUESDAY, 19 JUL 2022
... contained requests for detailed guidance on managing risks associated with ESG practices. These requests included "specific reference to ESG risk as a material investment risk to be considered at both the idiosyncratic and market-wide level". Under SPS ...

FS Power50 nominations open for 2022

CASSANDRA BALDINI  |  MONDAY, 4 JUL 2022
... 50 most influential financial advisers in Australia. Now in its ninth year running, the FS Power50 guide is a premium reference to the trailblazers and game-changers in financial advice. Those wishing to nominate themselves and/or an eligible candidate ...

Performance test comms criticised

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
... 'underperforming' by referring to its performance against its own percentage return above inflation target, and without reference to the test." Other issues raised by ASIC related to ongoing disclosure and included a trustee that used a banner ...

Government commits to Quality of Advice Review in current form

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
... review. In a statement, Jones confirmed he has met with Levy and supports the review continuing under its current Terms of Reference. He said the review provides an "important opportunity to streamline and simplify the regulatory settings for financial ...

Super trustees face rough seas ahead: Byres

ANDREW MCKEAN  |  FRIDAY, 24 JUN 2022
In a speech at the Trans-Tasman Business Circle 'Meet the regulators' event, APRA chair Wayne Byres said to expect the performance of super trustees to continue to be the subject of intense scrutiny. On APRA's latest priorities, Byres said ...

Squirrel Super to pay over false property claims

JAMIE WILLIAMSON  |  TUESDAY, 21 JUN 2022
... between investing in a regular super fund and using an SMSF that purchased residential property; the returns provided as reference were 7% for the former and 14% for the latter. Finally, it stated that the costs associated with managing an investment ...

Super home buyer scheme fails to move the needle

ANDREW MCKEAN  |  WEDNESDAY, 18 MAY 2022
At first glance, the government's superannuation plan for homebuyers seemed a compelling proposition, but concrete analysis has revealed that at best it's only a marginal measure. The Financial Planning Association of Australia (FPA) has applauded both ...