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Showing 11 - 20 of 32 results for "Incentivising"

CSLR legislation tabled, advice sector responds

ANDREW MCKEAN  |  FRIDAY, 9 SEP 2022
... the scheme take responsibility for the quality of their advice and do not contribute to unpaid claims. "To avoid incentivising unnecessary risk taking by unscrupulous firms, it is necessary to place sensible limits on the extent to which responsible ...

Subjects of Royal Commission case study found guilty in court

CHLOE WALKER  |  MONDAY, 11 JUL 2022
... misrepresenting policy features and costs; and failing to act fairly and efficiently in running a 'Refer a Friend' program by incentivising new customers to provide the contact details of friends and family without consent. Commenting on the case, ASIC ...

Retirement income failing Aboriginal, Torres Strait Islander people

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... people. Those who view the superannuation system as garnished wages never expect to see their savings again - dis-incentivising contributions. Policy suggestions from submissions on solving some of these problems include removing the $450 a week threshold ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
... contained new advice revenue targets that had to be met before the adviser would receive an incentive, "thereby incentivising planners to prioritise prospective clients instead of annual review services". StatePlus also had no limits in place to ensure ...

Worse than the Great Depression: IMF

ELIZA BAVIN  |  WEDNESDAY, 15 APR 2020
... downturn," Gopinath said. "As containment measures come off, policies should shift swiftly to supporting demand, incentivising firm hiring, and repairing balance sheets in the private and public sector to aid the recovery."

Retirement income review must focus on women: KPMG

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
... recommends making changes to the system across all three pillars, including reducing the impact on the age pension by incentivising an increase to contributions. "If we could draw up the retirement system with a blank sheet of paper, no doubt we would ...

Retirement funding system failing: Report

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
... and economic activity." Household Capital made several recommendations to the Retirement Income Review including incentivising older Australians to use their home equity to improve retirement funding, requiring all superannuation funds to offer a comprehensive ...

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
New legislation has put an end to trustees incentivising employers to appoint them as their default superannuation fund. Part of the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019 bans ...

New Zealand reviews life insurance commissions

JAMIE WILLIAMSON  |  TUESDAY, 4 DEC 2018
... leaf out of Australia's book, the report states that such high commissions is creating a potential conduct risk, incentivising advisers to recommend changes to clients about coverage that are not in the client's best interests. "Such activities can compromise ...

Chief economist update: Is TLTRO III coming?

BENJAMIN ONG  |  TUESDAY, 27 NOV 2018
... ECB's current accommodative monetary policy stance and strengthen the transmission of monetary policy by further incentivising bank lending to the real economy." The acceleration in Eurozone GDP growth since the first TLTRO launched shows that this ...