Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 211 - 220 of 1218 results for "Switch"

Super fund satisfaction still poor: Report

JAMIE WILLIAMSON  |  THURSDAY, 6 JUL 2023
While super funds' returns might have recovered, member satisfaction certainly hasn't. In fact, a new report shows it's fallen even further. The latest CSBA FEAL Superannuation CX Benchmarking report found 25% of members who had recently engaged with ...

FSCP hands down second order, audits adviser

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2023
... The Financial Services and Credit Panel has ordered an audit of a financial adviser who carelessly recommended a client switch superannuation funds. Releasing its second determination since it launched, the FSCP said the unnamed adviser, only referred ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... scares the member into thinking funds will go to the government upon death. The member is then sent application forms to switch funds and invoiced for advice that was not provided. The member is then charged thousands of dollars in fees to roll the money ...

ASIC flags AI regulation remit

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
ASIC flagged it will take a formidable role in regulating how artificial intelligence will impact the securities and corporate sectors. ASIC chair Joe Longo unveiled much of the regulator's agenda in the short term, with AI taking up a "high and important ...

URF investors reject K2 as RE

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... CD Private Equity Fund V and the Venture Capital Opportunities Fund will have the chance to vote on whether they want to switch to KAM. In March, E&P Investments flagged it would replace itself for its funds based on investor feedback and as part of ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... said. The new test will split the calculation of the benchmark into separate categories of superannuation products and switch to test platforms on a gross of tax basis. "The potential for adverse consumer outcomes is recognised through the government ...

Decade-long Santos well leak prompts investor concern

ROSE MARY PETRASS  |  FRIDAY, 16 JUN 2023
Santos has admitted that its retired offshore oil and gas field Legendre has been leaking gas for a decade, throwing into doubt investor abilities to meet net zero plans. Methane gas - a greenhouse gas 25 times more powerful than carbon dioxide - has ...

AMP rolls out new North features

CHLOE WALKER  |  THURSDAY, 15 JUN 2023
... allocations. It also allows advisers to include their clients' proposed target risk profile while performing an investment switch, while proposed asset allocation can be reviewed against the client's risk profile. The simplified ROA process also ...

Super fund members eye change

ANDREW MCKEAN  |  FRIDAY, 12 MAY 2023
The superannuation industry is witnessing a 13-year peak in members' intention to switch funds, according to the latest Super member engagement report by Investment Trends. The report revealed that this surge in switching intention aligns with a substantial ...

Industry funds' illiquid assets scrutinised

ANDREW MCKEAN  |  THURSDAY, 11 MAY 2023
... a significant portion of its member base is nearing retirement and will either start drawing down its super balance or switch funds, liquidity levels should shift in response," she said. Albeit the complexity of measuring liquidity, Bradley explained ...