Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 3221 - 3230 of 9316 results for "Red"

Industry fund bumps up premiums

JAMIE WILLIAMSON  |  FRIDAY, 14 FEB 2020
Members of a $25 billion industry superannuation fund are set to pay higher insurance premiums from April 1, with some paying up to 20% more for death and TPD. VicSuper has notified members their insurance premiums are increasing as a result of the ...

Coronavirus to infect Q2: Capital Group

ALLY SELBY  |  FRIDAY, 14 FEB 2020
... That's quite the difference from official figures. Government debt was also causing Beijing's balance sheet to flash red, Green said. "We believe that government debt is probably near 100% of GDP, rather than the reported 40%, so that constrains ...

SMSF auditors in firing line

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
ASIC has cracked down on a number of auditors of self-managed super funds, which the regulator said have failed to meet their requirements. "ASIC has moved to disqualify, or suspend and/or add conditions to the registration of, a number of auditors ...

Regulators praise super law reform

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have jointly welcomed the proposed legislative reforms increasing the role of ASIC in the superannuation industry. The proposed changes ...

Advisers choose remediation over advice

ELIZABETH MCARTHUR  |  FRIDAY, 14 FEB 2020
A recruiter has revealed advertisements for jobs in financial advice are only attracting between two and eight applications, while advice remediation jobs can see up to 300 applicants. Christopher Gordon is director at Profusion Group, a recruiter that ...

Industry butt heads over super guarantee

ALLY SELBY  |  THURSDAY, 13 FEB 2020
Superannuation industry professionals are going head to head over Australia's super guarantee system, yet all agree it's time for an upheaval. In a submission to the Treasury's Retirement Income Review Panel, the Actuaries Institute called for universal ...

Chief economist update: Australians not confident enough

BENJAMIN ONG  |  THURSDAY, 13 FEB 2020
Latest surveys show an improvement in Australian consumer and business confidence despite concerns over the impact of the bushfires, floods and the coronavirus. The Westpac-Melbourne Institute Index of Consumer Sentiment rose 2.3% to 95.5 in February ...

Industry fund introduces new fee

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
One of the country's largest industry funds has announced a new fee for retirees. First State Super customers will face changes to the Retirement Income Stream (RIS) and Transition to Retirement Income Stream (TRIS) fee structure on 1 April 2020. ...

Advice industry compresses

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
New Rainmaker research reveals the financial advice industry in Australia is in a state of compression - as advisers leave in significant numbers and licensees are squeezed. The number of registered financial advisers decreased 15% last calendar year ...

Super fund admits its gender pay gap increased

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
An ethical super fund has published all the work it does internally to promote gender equality, admitting its own gender pay gap grew in favour of men. Future Super, which has about $350 million of members' money, began reviewing its gender pay gap ...