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Showing 2021 - 2030 of 28255 results for "NOT"

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
... in a MySuper option. In December 2020, the Supreme Court of Victoria ruled the case invalid saying prospective losses are not considered a loss under s 55(3) of the SIS Act. The case was then moved to the Federal Court, with Maurice Blackburn saying ...

NEOS updates medical definitions, labels

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... favourable assessment for their claim," NEOS told customers. "These updated definitions will only apply to future claims. They will not apply to current claims, or claims resulting from an illness, injury or disability which occurred before the definition ...

Millions of Aussies want episodic advice: Research

MATTHEW WAI  |  FRIDAY, 6 DEC 2024
... finance-related matters, with 10.2 million open to seeking help from a financial adviser. However, close to half (9.6 million) are not planning to use a financial adviser despite 4.9 million having 'unmet advice needs'. The areas where support is most ...

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
... Financial Outcomes (DBFO)- which was previewed earlier this week - is to allow super funds to provide basic financial advice, not to see a repeat of issues raised during the Royal Commission. Speaking to ABC radio, Jones said the problem being faced ...

Permanent disablement claims for mental health explodes

ANDREW MCKEAN  |  THURSDAY, 5 DEC 2024
Total and permanent disability (TPD) claims because of mental health for Australians aged 30 to 40 increased by 732% over the past decade, according to a new report by KPMG, commissioned by the Council of Australian Life Insurers (CALI). Although the ...

Nuveen raises over $400m for real estate debt strategy

MATTHEW WAI  |  THURSDAY, 5 DEC 2024
Nuveen has closed its first commingled Australian commercial real estate debt strategy with investments of over $400 million from the Teachers Insurance and Annuity Association of America (TIAA) and Temasek. The strategy, leveraging Nuveen Real Estate's ...

2025 economic outlook 'threatening': AMP

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
... share market trading on a 26 times forward PE and the earnings yield bond yield gap is negative," Oliver said. "Australia is not bad at 20 times, but it's not cheap." Oliver added that uncertainty remains around how much the US Federal Reserve, the Reserve ...

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... ASIC said. It added that all licensees placed responsibility on staff members to identify and report situations, but some did not adequately train staff on how to do so. For some, training was only provided as part of an employee's induction, if at all ...

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... able to provide advice on products issued by prudentially regulated entities - like insurance and superannuation - and will not be able to advise on more complex topics, like self-managed super funds or managed investment schemes. A blacklist will be ...

Cbus lacks stringent director, expenditure policies: Deloitte

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... period. There are also instances where the guidance provided allows directors to provide a rating based on experience that may not be relevant to the skill set being assessed," Deloitte said. "One example of this is the 'Industry Knowledge - Superannuation ...