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Showing 301 - 310 of 3160 results for "Rather"

FAAA calls for 'fairness' ahead of Budget

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... costs of action against fraudsters and unlicensed operators ought to be borne across the entirety of the financial sector rather than the single financial advice sub-sector, as the entirety of the sector benefits from consumers having confidence that ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... Simone Constant says the regulator's new report on exorbitant advice fee deductions is not a criticism of advisers, rather of trustees failing basic obligations, with more still needing to be done by the reviewed funds some 12 months on. Yesterday ...

Quality of retirement does not depend on super balance: Bragg

ELIZA BAVIN  |  FRIDAY, 10 MAY 2024
... have used the proposed scheme to purchase a first home should be allowed to use the proceeds to purchase their next home rather than having to re-contribute the withdrawn amount immediately back into super. "By eliminating red tape, the policy can work ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... cap, which was 4.4%. In determining the fee caps, 70% of trustees said they aligned their caps to those of competitors, "rather than the appropriate cost of providing advice or the advice needs of their members in relation to superannuation interests." ...

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... family law split value, meaning under the draft regulations it will require a different set of valuation factors to be used rather than the default law split factors, that appeared to be the intent of the regulations," SMSFA chief executive Peter Burgess ...

Fortnum, PFS launch parent company

KARREN VERGARA  |  MONDAY, 22 APR 2024
... 60,000 clients. "The name Entireti perfectly sums up what we are all about. It implies completeness as a unified group, rather than standalone parts. It also reflects our collective strength, community culture and robust foundation," Younger said. Entireti ...

ATO targets crypto investors, sharing economy

KARREN VERGARA  |  WEDNESDAY, 17 APR 2024
... between owners, such as where deductions on a jointly owned property are claimed by the owner with the higher taxable income, rather than jointly - will be targeted - together with holiday homes that aren't genuinely available for rent. Incorrect ...

'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 ...