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Showing 11 - 20 of 2863 results for "Rather"

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... petitioned for a $1.5 million fine. The judge also noted that the breaches were discovered due to ASIC's investigation rather than Lanterne self-reporting the issues, and that the conduct occurred in the aftermath of the Royal Commission. "Lanterne ...

Life insurers struggle with code compliance

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... that some insurers were reporting breaches and complaints in numbers far below what would be expected," McClelland said. "Rather than indicating perfect compliance, it suggests deficiencies in processes and systems for detection and reporting breaches ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
... the fund". "This more targeted approach ensures the advice relates to the member's interest in the fund specifically, rather than to the member or their other interests more broadly," the explanatory memorandum shows. The fee charged against the ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... AFCA," he told the recent AFCA Member Forum. "This is not our preferred way of consumers engaging with AFCA. We would much rather they come to AFCA after they have engaged in the trustees' IDR process." More importantly, members who come straight ...

AFCA flags legal uncertainty on SMSF wholesale test

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
... that relates to a superannuation product - being the SMSF? Does that also mean that the $10 million assets test applies rather than the general test? "This doesn't preclude consideration of whether a client might be a sophisticated investor, which ...

Platinum bleeds $1.4bn in outflows

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... rebalance its exposure away from benchmark agnostic global equity managers. "As such, we do not expect the account to close but rather to see a reduction in mandate size," Platinum said. "These events, together with some other institutional account changes ...

New SMSF solution for Islamic Australians launched

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... Musharaka principles. Money borrowed to buy the property, which was placed in an SMSF, was repaid as rent and dividends rather than interest. The SMSF initiative follows Meezan's launch of a low-cost digital investing solution for the wider Australian ...

Australia's wealthiest women not getting the advice they need

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... needs. "The research demonstrates that HNW women are not necessarily risk averse, as stereotypes have suggested in the past. Rather, they often express interest in exploring a range of investment opportunities, including non-traditional assets," it said. ...

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... misconduct. That being the case, the absence of ASIC action should not be regarded as endorsement or agreement," Kirkland said. "Rather, we take action where we see the most serious harm - or a risk of it - and in cases most likely to send a strong message ...

Brighter Super signs David Koch as ambassador

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
... and advice that will help them achieve better retirement outcomes." "The focus of the partnership is on existing members, rather than new member acquisition." Meantime, Brighter Super chief executive Kate Farrar said partnering with Kochie - who retired ...