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Showing 1401 - 1410 of 3210 results for "Scheme"

Simpler fee disclosure on ASIC agenda

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
Under new proposed changes by the corporate regulator, consumers will be able to compare superannuation funds and investment products more easily. ASIC released its response to Report 581, an independent review conducted by regulatory expert Darren ...

Member outreach boosts post-merger integration

KARREN VERGARA  |  TUESDAY, 1 JAN 2019
... trust, and then asked about returns, he added. Equip transitioned a cohort of Rio Tinto members under a defined benefit scheme in the merger. It's an area of specialisation and a process that requires proper actuarial work to ensure complete benefits ...

Super funds wield bank remuneration stick

DARREN SNYDER  |  FRIDAY, 21 DEC 2018
... for some time about NAB's new incentive structure and welcomes the decision announced by chair Ken Henry to rethink the scheme. However, it was the board's decision to award significant bonuses to the executive team that led to such a strong vote against ...

Advice associations combine for code monitoring

DARREN SNYDER  |  TUESDAY, 18 DEC 2018
... moment in Australia's financial advice industry, six professional associations will submit a code monitoring compliance scheme application to ASIC. This would enable compliance with the Financial Adviser Standards and Ethics Authority (FASEA) code ...

MLC admin error hits superannuation DB members

KARREN VERGARA  |  FRIDAY, 14 DEC 2018
... administration error. It is understood the admin error affected about 30 members from a legacy ExxonMobil defined benefit scheme. MLC did not disclose if the incorrect figures overpaid or underpaid members. A spokesperson said the error was "identified ...

ASIC drags RG97 transition period

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
ASIC has again delayed the transition period for certain fee and cost disclosure requirements under RG97. The superannuation industry has another year to comply with disclosing property operating costs in product disclosure statements to 30 September ...

FPA reviews disciplinary regulations

JAMIE WILLIAMSON  |  WEDNESDAY, 12 DEC 2018
... changes required to bring the association's disciplinary regulations up-to-date and in line with the FASEA/CP 300 Compliance Scheme, as outlined in the Corporations Act. It also outlined key failings brought to light at the Royal Commission, such as ...

Complainants most satisfied with life insurers

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
... systems and processes in place to deal with consumer complaints, and be members of an external dispute resolution (EDR) scheme to deal with complaints that they are not able to resolve internally. The Australian Financial Complaints Authority (AFCA) ...

Putting a price tag on clean investing

KANIKA SOOD  |  FRIDAY, 7 DEC 2018
Pension funds and asset managers are among those who could create $20 trillion in new wealth if the world economy transitions to zero carbon and zero waste policies, according to new research. Professor Martina Linnenluecke, who leads Macquarie University's ...

New Bill bolsters retirement income

KARREN VERGARA  |  THURSDAY, 6 DEC 2018
... Retirement Incomes) Bill 2018 proposes three main measures to lifetime income streams, the work bonus and pension loans scheme. The Bill is proposing a new means test rules ahead of a wider range, and possibly more complex income stream products expected ...