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Showing 251 - 260 of 3204 results for "Scheme"

UGC's AFCA membership to cease

KARREN VERGARA  |  MONDAY, 7 APR 2025
... compensation to complainants, AFCA needs to consider whether any UGC complaint it receives is within the scope of the Compensation Scheme of Last Resort (CSLR)," AFCA said. The failure of UGC is the main driver behind the spike in the 2026 CSLR levy ...

Platinum funds merger to go ahead

ELIZA BAVIN  |  MONDAY, 7 APR 2025
... offer on the grounds that it was not superior to the Platinum proposal to merge PAI with PAXX. PAI and PAXX had signed a Scheme of Implementation Deed on 1 October 2024, which was then amended on 13 November 2024, before receiving the non-binding proposal ...

Court approves Caddick SMSF class action settlement

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
... Financial Standard that this is a "fair and reasonable outcome" and an "exceptional" one given the context of the Ponzi scheme that fraudulent financial adviser Caddick ran. Combining the class action amount and receivership compensation, Chapman said ...

CSLR costs driven by poor advice: AFCA

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
... Singh has told financial advisers that poor practices are the main contributor to the soaring costs of the Compensation Scheme of Last Resort (CSLR). "It's important to remember that, ultimately, the main driver of the cost of the scheme is flawed business ...

Pearler Super launches, new FHSSS product imminent

KARREN VERGARA  |  MONDAY, 31 MAR 2025
... launching Pearler Super and will shortly release HomeSoon to help young Australians maximise the First Home Super Saver Scheme (FHSSS). Pearler Super is strictly targeting young members. It is not available to those born before 1 January 1970 and therefore ...

Jones clarifies scope of new class of adviser

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
... class of adviser could provide holistic personal retirement advice and acknowledged the need to reform the Compensation Scheme of Last Resort (CSLR) during a post-budget briefing with the Financial Services Council. Responding to concerns that collective ...

Active Super PM opens asset consultant

ELIZABETH FRY  |  THURSDAY, 27 MAR 2025
... multiple asset classes. Pholsena spent 16 years at Active Super and its predecessor the Local Government Superannuation Scheme but found himself without a role after the super fund merged with Vision Super. He is one of a growing number of investment ...

Chalmers boosts Help to Buy scheme, construction sector

KARREN VERGARA  |  TUESDAY, 25 MAR 2025
Treasurer Jim Chalmers will boost the Help to Buy scheme and revive the drooping housing construction sector in a bid to build more homes faster and tackle housing unaffordability. As part of the Federal Budget, Chalmers is expanding the Help to Buy ...

Budget deficit to balloon to $42.1bn

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... 10 GP visits fully bulk billed by the end of the decade. More first home buyers will also gain access to the Help to Buy scheme, with the government updating the property price and income caps so more first home buyers are eligible for the scheme. Chalmers ...

Government makes record commitment to Medicare

MATTHEW WAI  |  TUESDAY, 25 MAR 2025
... Treasurer Jim Chalmers said the government is reducing all prescriptions available through the pharmaceutical benefits scheme (PBS), as well as investing a "record" $7.9 billion in Medicare to lift bulk billing rates. The government is investing $1.8 ...