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

Search Results

Showing 261 - 270 of 676 results for "Lifetime"

Early access to super scheme results in permanent ban

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 MAR 2020
... In March 2018, an ASIC action resulted in the winding up and appointment of a liquidator to Superfunded. Goldenberg's lifetime ban comes after an eight year ban was handed down in August 2019. He has another lifetime ban under his belt too - from providing ...

BT's transition not so super

KANIKA SOOD  |  MONDAY, 9 MAR 2020
... benefits, as BT transitions about 280,000 accounts to its new product. In November, BT said it would migrate members in BT Lifetime Super - Employer Plan (LSEP) and BT Business Super to a new product called BT Super effective February, 2020. The transition ...

A man is not a plan: Rice Warner

ELIZA BAVIN  |  MONDAY, 9 MAR 2020
... structural inequities of the current super system have failed to take account of the women's working patterns and lower lifetime income," Buckley said. "A growing number of women older than 55 face the dilemma of a poverty-stricken retirement, as a result ...

Equities not that expensive: Hamish Douglass

ALLY SELBY  |  MONDAY, 9 MAR 2020
US stocks are not expensive, despite their stretched valuations. In fact, it's all just a matter of "gravity" or the historically low interest rate environment, according to Magellan's Hamish Douglass. Speaking to a near-full crowd at the firm's ...

Super women: Female-led funds on top

ALLY SELBY  |  FRIDAY, 6 MAR 2020
... combine paid and unpaid work (caring responsibilities), often work part-time for a period of time, earn less over their lifetime and are less likely to be promoted into leadership roles," she said. "All of this impacts their super balances and product ...

Challenger recruits Generation Life co-chiefs

KANIKA SOOD  |  FRIDAY, 28 FEB 2020
... the leading annuities provider in Australia, but domestic annuity sales were down 25% in the first half. In Australia, Lifetime annuity sales tumbled 52% while term annuity sales were down 16%, with Challenger attributing the dip to new means testing ...

SG increase will hurt women: NFAW

ELIZA BAVIN  |  MONDAY, 24 FEB 2020
... submission to the Treasury the NFAW said the superannuation guarantee system is "inherently flawed" as it is based on lifetime income. "This has always limited the superannuation accrued by casual and part-time workers, of which a high proportion are ...

AustralianSuper SG modelling paints dismal picture

KANIKA SOOD  |  TUESDAY, 18 FEB 2020
... will need to be done (given her salary level she may be able to make additional contributions and could benefit from a lifetime contributions cap rather than an annual one which has gone unused and is not recoverable)," AustralianSuper said. The same ...

Former Macquarie adviser cops lifetime ban

ALLY SELBY  |  THURSDAY, 13 FEB 2020
A former Macquarie Group financial adviser has been permanently banned from the industry, following an ASIC investigation into the adviser's "dishonest" and "misleading" behaviour. ASIC has permanently banned Queensland-based adviser, Warren Scott ...

AMP faces fresh class action

ALLY SELBY  |  WEDNESDAY, 12 FEB 2020
... advice to make decisions about their personal insurances." The class action is open to anyone who obtained an AMP Flexible Lifetime Policy (including death, TPD, trauma, income protection and business protection insurance) from 2013 onwards from AMP ...