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Showing 1651 - 1660 of 3918 results for "law"

Super fund awards $275 million mandate

JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
A $195 billion asset manager secured a $275 million mandate from an undisclosed superannuation fund. The super fund is investing in GAM's systematic risk premia strategy which typically targets around 15 risk premia strategies across the categories ...

Government carves out super deal

HARRISON WORLEY  |  FRIDAY, 15 FEB 2019
The Government's signature superannuation legislation passed through the Senate, but not without victims. Last night the Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018 passed the Senate after a deal was struck with the Greens ...

Chief economist update: A pretty portrait of an emerging market

BENJAMIN ONG  |  MONDAY, 11 FEB 2019
... inflationary pressure brought on by rising oil prices (at the time), the TRAIN (Tax Reform for Acceleration and Inclusion) law that took effect on 1 January 2018. Together they erode disposable income. The Fed's normalisation policy brought more ...

Hayne report raises professionalism stakes

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
... doctors and lawyers if the Royal Commission's recommendations on compliance and further education in the industry become law. Commissioner Kenneth Hayne is calling for the ASIC Financial Advisers Register (FAR) to be formalised and for the mandatory ...

Grandfathered commissions deadline challenging: AFA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 FEB 2019
... to alter its business model or the way it has operated or intends to operate in the future. We shall continue to obey the law, all it stands for and serve our clients to the best of our ability," Singh said. A poll conducted by Financial Standard sister ...

ASIC enforcement must get tough: Commissioner

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... policies, for which it should not be criticised Hayne said as this is a problem of changing culture more than needing to pass new law. Fee-for-no service EUs didn't work The report cited the big four's treatment of ASIC's 2015 investigations. It showed ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... superannuation products to be prohibited, which he believes is in no way appropriate or in the interests of consumers. The law should be amended to make it clear that contact with a person during which one kind of product is offered is unsolicited unless ...

AFSL reference checking protocols required

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
Financial advice licensees are not doing enough to communicate the background of advisers. As such, compliance with the Australian Banking Association's reference checking protocols should be mandatory for all advice licensees, the Royal Commission ...

Harder for insurers to dodge claims

KANIKA SOOD  |  MONDAY, 4 FEB 2019
Insurers will find it tougher to dodge paying out claims if the Royal Commission's recommendation to amend insurance law is enacted. At the round six hearings of the Royal Commission, it was revealed that CommInsure used outdated medical definitions ...

Misconduct must end: Frydenberg

DARREN SNYDER  |  MONDAY, 4 FEB 2019
The banking, superannuation and financial services Royal Commission has made 76 recommendations to address industry misconduct and Treasurer Josh Frydenberg said the Federal Government will act on each of them. The Treasurer has put the blame of industry ...