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Showing 141 - 150 of 357 results for "Levy"

What the QAR should focus on: MLC Life

CASSANDRA BALDINI  |  TUESDAY, 9 AUG 2022
... customers and advisers, which means ensuring more advice, not less. "The recommendations we have put forward to Michelle Levy and her team are reasonable and we look forward to working closely with them over the coming months to ensure a positive outcome ...

Chorus of self-interest in financial advice: SCA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 JUL 2022
... position to make decisions that could still improve their standard of living," he wrote. The service is funded via a small levy on each person's retirement savings, the equivalent of a little more than a dollar per UK resident each year, O'Halloran said. ...

Government commits to Quality of Advice Review in current form

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
Minister for financial services Stephen Jones has met with independent reviewer Michelle Levy to discuss the ongoing review. In a statement, Jones confirmed he has met with Levy and supports the review continuing under its current Terms of Reference. ...

Super industry levies insufficiently detailed: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 15 JUN 2022
... levies are determined. For the super industry, the Treasury's proposed Financial Institutions Supervisory Levies would see the levy component grow from $57.8 million in 2021/22 to $61.3 million for 2022/23, a six percent rise year on year. ASFA notes ...

ASIC releases estimate cost recovery levies for 2021/22

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... indicative levies for the 2021/22 financial year. In its latest cost recovery implementation statement, ASIC proposed a minimum levy of $1500 plus $1142 per adviser for licensees that provide personal advice to retail clients on relevant financial products. ...

AFCA adopts user pays funding model

CASSANDRA BALDINI  |  TUESDAY, 31 MAY 2022
... fees with 18% of members seeing an increase largely due to higher relative complaint volumes. Further, the superannuation levy has been abolished and super funds have been brought under the same fee structure as other scheme members - with a positive ...

Mixed reviews for advice industry reviewer

KARREN VERGARA  |  MONDAY, 14 MAR 2022
... desperate to avoid accountability for their inept handling of the industry," Johnston said. Hume announced last Friday that Levy, a partner at Allens who has specialised in financial services, life insurance and superannuation law throughout her career ...

Legal expert to lead QAR

KARREN VERGARA  |  FRIDAY, 11 MAR 2022
... Jane Hume announced this afternoon, adding that the terms of reference have also been finalised. Allens partner Michelle Levy, a specialist in financial services, life insurance and superannuation law, will lead the QAR. Before Allens, she was a partner ...

AFCA consults on funding

ELIZABETH MCARTHUR  |  THURSDAY, 10 MAR 2022
... simplified complaints fee structure and introduces five free complaints per year to all members. It removes the superannuation levy and brings super funds under the same fee structure as other AFCA members - with a positive or neutral impact for most ...

Inquiry criticises gaps in CSLR

KARREN VERGARA  |  MONDAY, 31 JAN 2022
... parliamentary inquiry heard. In discussing the Standing Committee on Economics Financial Services Compensation Scheme of Last Resort Levy Bill 2021 last week, SMSF Association deputy chief executive Peter Burgess pointed to deficiencies in the proposed ...