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Showing 241 - 250 of 1941 results for "SAFE"

ASIC sues Binance over customer protection failures

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
ASIC is taking Binance Australia to court alleging it denied more than 500 retail clients important consumer protections by misclassifying them as wholesale clients. ASIC alleges from 7 July 2022 to 21 April 2023, Binance offered crypto derivative products ...

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
Assistant Treasurer Stephen Jones said the purpose of Tranche 2 of Delivering Better 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 ...

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 ...

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... reforms passed parliament in early July. First and foremost, the next tranche will create a new class of adviser "to provide safe and simple advice to Australia, such as choosing an insurance policy or basic questions about retirement." This new class ...

The sensitive conversations advisers shy away from

KARREN VERGARA  |  TUESDAY, 3 DEC 2024
Financial advisers must build the confidence to talk to clients about sensitive topics such as divorce, financial coercion, and binding financial agreements (BFAs) to help them navigate difficult periods and make a real difference in their lives. According ...

Objective of super enshrined in law

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
... Superannuation Funds of Australia chief executive Mary Delahunty said: "Australians need to know their superannuation is safe from the winds of political change." "This legislation sends a strong signal that the system will remain focused on delivering ...

'New class of advisers' need clear-cut distinction: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
... compliant within the rules of the law, such as limiting them to products a client already owns. "We could perhaps create a safe list of products and strategies that are harder to get wrong. Perhaps we could define simplicity in relation to the client ...

Top asset owners return to growth: Study

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2024
... asset owners, being Japan's Government Pension Investment, Norges Bank Investment Management, China Investment Corporation, SAFE Investment Company, and the Abu Dhabi Investment Authority. In total, five Australian asset owners made the list, home to ...

Insignia completes MLC, NAB separation

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2024
Insignia Financial has completed the separation of MLC from NAB, transitioning the MLC MasterKey and Plum registries. Insignia Financial has transferred 700,000 MasterKey and Plum accounts, 55 systems and applications and more than 100 terabytes of ...

ASX says CHESS Release 2 costs to hit $320m

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... communicated range of $105 million and $125 million. ASX chief executive Helen Lofthouse said the ASX is committed to the safe delivery and reliability of the CHESS project. "This is reflected in our proposal to implement the project over two releases ...