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Showing 1891 - 1900 of 6884 results for "Act2"

Challenger seeks new life chief executive

KANIKA SOOD  |  MONDAY, 30 NOV 2020
Challenger is searching for a new chief executive for its life business, as the incumbent moves to a new role in its group leadership team. Chris Plater has been the life business' chief executive for four years, when he took over the role from ...

ASIC takes action against missing woman

ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
ASIC has taken action against Maliver and its sole director, Melissa Caddick - who has been missing in unclear circumstances for over a week - over concerns investor funds were misappropriated. The Federal Court has made interim orders against Maliver ...

ASIC prepares industry for claims handling law

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
The corporate regulator has released more information to help life insurers and financial advisers adapt to new regulation when handling insurance claims. ASIC's information sheet and consultation paper C12 Proof: Claims Handling and Settling Service ...

FASEA reveals October exam results

KARREN VERGARA  |  THURSDAY, 26 NOV 2020
The majority of financial advisers who sat the most recent exam passed, according to the Financial Adviser Standards and Ethics Authority. FASEA has released the most recent exam statistics, which show 76% of advisers passed the October sitting. There ...

Should remote employees be paid less?

KANIKA SOOD  |  THURSDAY, 26 NOV 2020
Over a quarter of US employers say they plan to pay employees based on the location of remote workers for all jobs in 2021. Willis Towers Watson surveyed 344 organisations in North America with 4.83 million employees between October 6 and 21. About ...

Exemptions to AFSLs explained by ASIC

ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
The Australian Securities and Exchange Commission (ASIC) has provided guidance to trustees of unregistered managed investment schemes in relation to whether they require an Australian financial services licence. The regulator stressed that a trustee ...

Magellan axes currency hedging in trust

ANNABELLE DICKSON  |  THURSDAY, 26 NOV 2020
A Magellan trust has removed its currency hedging strategy to reduce the downside risk to the portfolio when equity markets and the value of the Australian dollar are both declining. Magellan High Conviction Trust will move to an unhedged approach to ...

Retail superannuation funds grilled on member priorities

KARREN VERGARA  |  TUESDAY, 24 NOV 2020
A parliamentary inquiry has again cast doubt over retail superannuation funds' ability to put the best financial interests of members ahead of profit and shareholders. The most recent Standing Committee on Economics into super heard instances of ...

AFCA pivots to member experience

ANNABELLE DICKSON  |  MONDAY, 23 NOV 2020
The Australian Financial Complains Authority (AFCA) is placing a higher emphasis on member experience following an increase in its membership base, two years on from its launch. In its first two years, AFCA's membership has grown to 40,000 members across ...

Which longevity product yields the highest income?

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
The report modelled average annual retirement income from three types of longevity products for retirement income. Here's what came out on top. It found allocating 100% of retirement assets to a group self-annuity starting at 67 would yield the best ...