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Showing 251 - 260 of 618 results for "MEC"

MLC Life Insurance reviews terms and definitions

KARREN VERGARA  |  FRIDAY, 26 APR 2019
MLC Life Insurance has introduced a number of updates to its definitions and terms across three brands. Changes to TPD, critical illness and income protection covers will apply to MLC Insurance, MLC Insurance (Super) and MLC Insurance (wrap or SMSF) ...

Fee for no service on APRA and ASIC radar

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
APRA and ASIC issued a joint letter warning superannuation funds and financial advisers that they will take a tougher approach to ensuring the fee for no service debacle is not repeated. The regulators are taking a more stringent stance on financial ...

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
Extra conditions have been placed on the AFSL of one of Australia's biggest financial advice licensees following an investigation sparked by phenomenal growth in adviser numbers in just six months. SMSF Advisers Network has had additional licence ...

Budget: RC response to cost over $600m

HARRISON WORLEY  |  TUESDAY, 2 APR 2019
The Federal Government's response to the Royal Commission into Misconduct in Financial Services is set to cost more than half a billion dollars. The Federal Government has committed $606.7 million over the next five years to facilitate its response ...

UBS fined $51m for reporting breaches

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
Swiss bank UBS AG has been slapped with a £27.6 million ($51.1m) fine for breaching reporting rules stretching nearly a decade. UK regulator the Financial Conduct Authority found UBS did not provide complete and accurate information relating to about ...

New managed portfolio education hub launched

JAMIE WILLIAMSON  |  FRIDAY, 1 MAR 2019
A new education portal for financial advisers keen to learn more about managed portfolios has launched. HUB24 introduced a new online hub providing a raft of content for financial advisers, covering how managed portfolios work, how they differ from ...

AFA rebukes ideological drive against conflicted remuneration

HARRISON WORLEY  |  WEDNESDAY, 27 FEB 2019
The Association of Financial Advisers came out swinging in a public response to the Royal Commission's final report this morning. Speaking at the Sydney leg of the association's annual Connect Tour, AFA general manager of policy and professionalism ...

Will the PC recommendations fall through the cracks?

KARREN VERGARA  |  WEDNESDAY, 23 JAN 2019
Nearly two weeks after the Productivity Commission unveiled its final report, has its push to overhaul the superannuation system fallen on deaf ears? Two legal experts discuss what could happen next. Following a three-year review that produced 31 recommendations ...

Best in show, but for how long?

JAMIE WILLIAMSON  |  FRIDAY, 11 JAN 2019
If the Productivity Commission's recommendation of a best-in-show list was introduced tomorrow, which super funds would make the cut? If performance were the key metric used to determine which MySuper products are shortlisted, latest Rainmaker analysis ...

Best-in-show splits industry

KARREN VERGARA  |  FRIDAY, 11 JAN 2019
The best-in-show default superannuation fund shortlist the Productivity Commission wants to launch before June 2021 has divided industry opinion. The Australian Institute of Superannuation Trustees chief executive Eva Scheerlinck said the Commission's ...