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| | | Last year many superannuation funds revalued their unlisted assets during lockdowns. Now APRA says most of their policies were deficient. Super funds took different approaches to the revaluations. For example, at Cbus the board devalued unlisted assets ... |
| | | | ... accounts than what it advised its customers over a four-year period. CBA is required to publish a written and audio-visual notice on its website and newsroom's landing pages under the heading "Notification of Misconduct by CBA" for a period of 90 days. ... |
| | | | ... Financial Group has launched two products in a bid to combat the low interest rate environment. The first product, the 6 Month Notice Account, with a variable rate of 2.50% p.a. calculated monthly allows investors to access their funds with a 180-day ... |
| | | | The government yesterday registered the final regulations for Your Future, Your Super reforms. The bill passed the Parliament on June 17. The regulations have sharpened the methodology for annual performance tests, which it says will incentivise underperforming ... |
| | | | ... match the return of the one-month Australian Bank Bill rate before tax and before fees over rolling one-year periods. In a notice to members, Rest said it expected the option's returns to remain low or even negative after fees, costs and taxes. It ... |
| | | | ... was valued at about $300 million, which he compared to the $3.4 million pay out from the July 29 asset sale. Neal took on notice questions about Tandem's 2017 valuation, and IFM's remaining shareholding after the July 29 asset sale. IFM has been asked ... |
| | | | ... under contract, AMP must consult with financial advisers when considering changes to terms in addition to 13 months' notice of any move expected to have a detrimental impact. "AMP has done neither. Advisers had to pay four times recurring revenue ... |
| | | | Zenith Investment Partners has launched a new managed account client on Macquarie Wrap as adviser demand for managed account solutions soars. Zenith worked with The Moreton Group to develop a customised managed account on Macquarie Wrap, which has helped ... |
| | | | ... as the number and payment of claims to our members, and costs associated with providing insurance cover," BT said in a notice to members sent on July 31. "Following a recent review, the insurer determined that insurance premiums for standard cover will ... |
| | | | ... supervision, counselling or reporting; and the suspension or cancellation of registrations. It can issue an infringement notice or recommend that ASIC apply to the court for a civil penalty. The current regulations are limited to banning advisers. The ... |
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