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| | | 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 ... |
| | | | 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 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 ... |
| | | | ... 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 ... |
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