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Showing 11 - 20 of 746 results for "Basic"

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
... superannuation fund. However, recent surveillance and enforcement indicates that some superannuation are failing to meet basic member service standards. Notably, ASIC has initiated civil penalty proceedings against TelstraSuper for not meeting internal ...

ASIC extends intervention orders against predatory lenders

CHLOE WALKER  |  MONDAY, 8 JAN 2024
... contracts were originally aimed at vulnerable retail clients who were facing financial difficulties and needed loans for basic living expenses. Many of these clients had already been declined for regulated credit. These products charged significant fees ...

Ultra-low fees define basic ETPs

ANDREW MCKEAN  |  TUESDAY, 5 DEC 2023
... 0.22%. Meanwhile, net flow data for the 12 months leading up to September 2023 revealed a strong investor preference for basic Australian equities ETPs, which led with net flows of $2.8 billion. This was closely followed by fixed interest ETPs at $2.7 ...

Young women report low financial literacy: NAB

CASSANDRA BALDINI  |  FRIDAY, 24 NOV 2023
... displaying overconfidence in their financial literacy comprehension can pose just as much of a challenge as those lacking basic knowledge. "The most important thing to remember is there is no such thing as a silly question when it comes to finance," ...

Small, large entity regulation needs balance: APRA

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... - is one exception. "[It] doesn't matter whether you're big or whether you're little [entity]. There's a basic standard that you've got to have. You've got to have the right hygiene, [and the] right controls in place, and we expect ...

AFCA tightens wholesale investor remit

KARREN VERGARA  |  FRIDAY, 17 NOV 2023
It may be tougher for wholesale investors looking to the Australian Financial Complaints Authority to help resolve a dispute as the authority tightens its rules on how it assesses their complaints. AFCA will shortly update its operational guidelines ...

ASIC's pursuit of Mayfair 101 founder faces setback

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2023
... than three and a half years after ASIC set upon the business in April 2020 without interviewing Mr Mawhinney or requesting basic data to inform its investigation, including financial statements and asset registers," Mayfair 101 said following the verdict. ...

Financial services marketing is broken: Study

JAMIE WILLIAMSON  |  WEDNESDAY, 20 SEP 2023
... penalties, there's nothing more important than ensuring the marketing compliance process is watertight. That starts at the most basic level with robust communication and openness between teams," Wood said. "Auditors would expect to see a three line of ...

Older Aussies are retirement illiterate: Survey

KARREN VERGARA  |  TUESDAY, 19 SEP 2023
Australians are pension-phase illiterate and blame the complex superannuation system for not understanding the basics about retirement, a new survey shows. A whopping 70% of 50-year-olds and over canvassed by AMP do not understand what an account-based ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... unemployment before their date of disablement has been extended from 12 months to 24 months. Another new test is the 'unable to do basic activities associated with work ever again' replacing the earlier six tests that included 'specific illnesses or ...