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Showing 1491 - 1500 of 3210 results for "Scheme"

Adviser regulation lacking a professional body, RC hears

KARREN VERGARA  |  FRIDAY, 27 APR 2018
... function, he said. In October 2017, the AFA added to the constitution its plans to move toward becoming a "code monitoring scheme." The subjects of yesterday's inquiry were an unnamed member and Darren Tindall. After conducting its own investigation ...

Advice firm impersonated clients

JAMIE WILLIAMSON  |  THURSDAY, 26 APR 2018
... one of client Donna McKenna's superannuation funds and purport to be McKenna to gain details of her Commonwealth super scheme and entitlements. The Royal Commission was played an audio recording of a phone call made by a Henderson Maxwell staffer to ...

High profile adviser under fire

JAMIE WILLIAMSON  |  THURSDAY, 26 APR 2018
... Henderson's Statement of Advice to McKenna was the establishment of an SMSF, using her State Authorities Superannuation Scheme account as the primary source. Under SASS, if McKenna were to have accessed those funds before her 58th birthday she would ...

Unions lobby super sector to cut big bank, AMP ties

JAMIE WILLIAMSON  |  TUESDAY, 24 APR 2018
... Australia Post to cut its default superannuation arrangement with AMP. Since the closure of the Australia Post Superannuation Scheme in 2013, all new employees of Australia Post that fail to nominate a super fund are placed into a default fund managed ...

Chief economist update: Malcolm puts agricuture in the middle

BENJAMIN ONG  |  MONDAY, 23 APR 2018
... expected to insist. Sure, the voting Australian agriculture businesses and workers will be pleased. But in the overall scheme of things, it could be a case of "cutting his nose off to spite his face" (if he keeps on insisting). This is because, according ...

One third of Aussies struggling financially

HARRISON WORLEY  |  FRIDAY, 20 APR 2018
A study into financial wellbeing of Australians has found that almost a quarter of the population is just getting by, while a further 13% struggle to meet day-to-day financial commitments. The ANZ Financial Wellbeing survey shows more than a third of ...

Commonwealth Super signs technology partner

JAMIE WILLIAMSON  |  TUESDAY, 17 APR 2018
The Commonwealth Superannuation Corporation inked a deal with an ASX-listed wealth management technology provider for greater efficiency in administering insurance claims. The CSC has signed a long-term contract with Bravura to implement its Sonata ...

NAB details serious compliance concerns in RC advice submission

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
In the past nine years NAB has identified about 70 financial advisers giving rise to serious compliance concerns across its wealth division. In its submissions to the Royal Commission, NAB disclosed that between 1 January 2009 and 1 January 2018, it ...

ANZ issues last minute RC submission correction

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
ANZ issued a correction to its submissions to the Royal Commission over the weekend ahead of the next fortnight's hearings on financial advice. Senior Counsel Assisting Rowena Orr said the Royal Commission was provided with a correction by ANZ on Sunday ...

DigitalX launches crypto-heavy fund

KANIKA SOOD  |  WEDNESDAY, 11 APR 2018
Listed crypto advisory firm DigitalX has launched a fund that will predominantly invest in cryptocurrencies and form part of its newly-formed funds management division led by a former Ellerston Capital portfolio manager. Its inaugural fund, DigitalX ...