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Showing 211 - 220 of 2980 results for "Problem"

MLC Life Insurance hires from Cbus

CHLOE WALKER  |  TUESDAY, 27 FEB 2024
MLC Life Insurance has appointed Mirella Robinson to the newly created role of chief technology officer. Robinson, who brings 20 years' experience to the role, most recently served as chief information and technology officer at Cbus. Prior to Cbus ...

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
Senator Andrew Bragg has called for another Financial System Inquiry (FSI) to address "structural problems" in the twin peaks of financial sector regulation, ASIC and APRA. In his speech to the Financial Services Council (FSC), Bragg argued that "clear ...

Advisers should have an AI plan: Netwealth

CHLOE WALKER  |  THURSDAY, 22 FEB 2024
When it comes to incorporating artificial intelligence (AI) and big data into an financial advice practice, it's imperative to have a plan in place, according to Netwealth head of marketing Andrew Braun. Addressing the crowd at the SMSF Association ...

ASIC vigilant on bad SMSF advice

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... and illegally. Financial advisers, accountants, and other SMSF professionals have a key role to play in addressing this problem, Sciacca said, urging them to alert ASIC if they come across any SMSF misconduct. "Financial advisers advising clients about ...

Jailed adviser permanently banned by ASIC

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
... financial adviser who was jailed for stealing more than $1 million from his clients' superannuation to feed a gambling problem is now permanently banned from the industry. In September 2023, Mark Raymond Sebo was found guilty of misappropriating $1,056,685.18 ...

Conference to address major SMSF issues

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... see anything too draconian, but it will be entirely reasonable if that really is on the rise and if it is becoming a big problem. The ATO's rhetoric around it would suggest it is, then you could completely understand why they've looked to make ...

SMC finds $38k nest egg boost for working mums

KARREN VERGARA  |  MONDAY, 12 FEB 2024
... groups over the last decade, indicating that the loss of super during childcare is a significant contributing factor to the problem." Secondly, increasing the low-income superannuation tax offset (LISTO) so that workers earning up to $45,000 receive ...

Bragg outraged over super fund payments to unions

ANDREW MCKEAN  |  WEDNESDAY, 31 JAN 2024
... super is hermetically sealed, even though that might not be in the interest of those workers," Bragg said. While seeing no problem with supporting a union or employer group, Bragg insisted on a stringent financial rationale that aligns with members' ...

AI mania will underwhelm advice: Finura

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2024
"AI mania" will over-promise and underdeliver for financial advisers, while superannuation funds are tipped to give digital advice a boost, Finura Group's 2024 predictions reveal. In the latest Australian wealth tech predictions report, Finura highlights ...

Market performance fails to sway retirement confidence: State Street

ANDREW MCKEAN  |  FRIDAY, 19 JAN 2024
... longevity risk remains a partially unresolved issue. State Street points out that developing holistic solutions to this problem has been intensified by Australians' historical reluctance to embrace annuities. Nevertheless, the survey results showed "encouraging ...