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Showing 11 - 20 of 77 results for "Senator Jane Hume"

Rainy day funds probed

ELIZABETH MCARTHUR  |  FRIDAY, 11 FEB 2022
... rainy day fund and Cbus, Active Super and QSuper have also all received approval to alter their trust deeds. Senator Jane Hume, who is the minister for superannuation, has criticised funds for creating fees to meet the new regulatory requirements calling ...

Retirement Income Covenant, CCIV reforms pass

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... income, and offer flexibility to savings. This must be presented in writing and made public from 1 July 2022. Senator Jane Hume said trustees are not required to release all components of their strategy by this date. "Instead, strategies are expected ...

Shoddy exam feedback fuels adviser stress

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
... lifeline to the ones who desperately want to stay by simply providing them specific feedback on their weaknesses? Senator Jane Hume now wants to recognise 10 years' work experience with zero infringements - a relief experienced advisers have been ...

Hume refreshes super co-contribution laws

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
... government is refreshing its super co-contribution law for low-income earners as the sunset date is due to kick in. Senator Jane Hume released the draft regulation Superannuation (Government Co-contribution for Low Income Earners) Regulations 2022, which ...

February 2022 adviser exam dates released

KARREN VERGARA  |  MONDAY, 20 DEC 2021
... follow on the eligibility of new financial advisers and foreign existing advisers who want to sit the exam. Senator Jane Hume recently backflipped on the industry's education requirements, announcing that advisers with 10 years of experience, a good ...

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... executive Sally Loane said. The federal government is looking to apply such exclusions the broader industry. Senator Jane Hume wants to find solutions to problems that arise from occupational exclusions in group insurance provided by MySuper products ...

Adviser population drops below 19,000

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... year, the number of advisers shrank by 15%. As the industry continues to grapple with the loss of experience, Senator Jane Hume announced a new pathway for experienced advisers with 10 years of experience - echoing much of Labor's proposal announced ...

AFCA must improve transparency: Hume

KARREN VERGARA  |  THURSDAY, 25 NOV 2021
... needs to be more transparent when dealing with complainants and providing the reasoning behind its decisions. Senator Jane Hume's final report made 14 recommendations, all of which AFCA said it "agrees with in principle". One recommendation is for the ...

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
Senator Jane Hume has slammed superannuation funds for creating rainy day funds that pay for potential penalties because of misconduct. Hume points to a recent trend in which several super funds applied to the courts seeking permission to charge members ...

Government advances adviser levy drop

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
... introduction of a Single Disciplinary Body and a Compensation Scheme of Last Resort," treasurer Josh Frydenberg and senator Jane Hume said at the time.