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Showing 231 - 240 of 717 results for "Automatic"

AAT overrides adviser ban

KARREN VERGARA  |  FRIDAY, 21 SEP 2018
The Administrative Appeals Tribunal decided a former OnePath financial adviser who was permanently banned by ASIC did not engage in misleading or dishonest conduct. ASIC announced it permanently banned Robert Hutchison on 11 June 2017 for double charging ...

Insurance in super code weak: ASIC

KARREN VERGARA  |  MONDAY, 10 SEP 2018
ASIC's latest review into insurance in superannuation shows the industry still has "significant weaknesses" despite the launch of the voluntary code of practice nine months ago. Over 2017-18, ASIC reviewed 47 superannuation trustees, which included ...

IOOF executives dismiss conflicts of interest

KARREN VERGARA  |  FRIDAY, 10 AUG 2018
IOOF left some superannuation members in expensive legacy products despite board members recognising conflicts of interest existed in choosing to boost revenues over meeting "community expectations." The financial services Royal Commission continued ...

Industry fund renews insurer, drops premiums

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
... $5.3 billion industry superannuation fund has renewed its group insurance mandate, reduced member premiums and removed automatic cover for members under 25. Media Super has reappointed Hannover Life Re as its group insurer from July 1. In doing so, the ...

Zuper opens its doors

KARREN VERGARA  |  FRIDAY, 27 JUL 2018
... Zuper's MySuper Option charges a 0.5% investment fee and 0.83% admin fee on investment returns. Members can opt out its automatic insurance anytime. Hannover Life Re is the group insurer, while Diversa Trustees acts as the trustee. The fund has also ...

BTFG flags platform overhaul

HARRISON WORLEY  |  MONDAY, 23 JUL 2018
BT Financial Group is introducing a new fee structure for BT Panorama and offering a compact version of the platform. It is also releasing an online adviser services hub later this year. BTFG announced a raft of changes to its platform offering today ...

Socio-economics dictate insurance needs of young Aussies: Insurer

JAMIE WILLIAMSON  |  THURSDAY, 19 JUL 2018
... insurers believes it should be up to individual superannuation fund trustees to determine the minimum age for providing automatic default life insurance cover. In its submission to the Senate Economics Legislation Committee, TAL said the circumstances ...

Government mulls reforms to tax residency rules

JAMIE WILLIAMSON  |  THURSDAY, 12 JUL 2018
The Federal Government is considering an overhaul of the rules governing residency for tax purposes in Australia, recommending a person's residency be defined by the number of days they spend in the country in a 12-month period. The Board of Taxation ...

Phone life insurance sales 'hawking' customers: Royal Commission

KARREN VERGARA  |  FRIDAY, 6 JUL 2018
The financial services Royal Commission exposed more boiler room sales tactics of call centre staff selling life insurance which drove poor behaviour and a sales-driven culture, and effectively breached anti-hawking provisions. Select AFSL managing ...

Dover exit renews self-licensing calls

ALEX BURKE  |  MONDAY, 25 JUN 2018
... technology platforms can help with efficiency, such as with managed portfolios to lessen the statement of advice burden, automatic record of advice generation, direct integration with XPLAN and others - it becomes much easier to manage the compliance ...