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

Search Results

Showing 3351 - 3360 of 19414 results for "One"

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
The Financial Services Council released two new standards, one of which helps members abide by the newly mandated advice fee consent requirements. FSC members will need to comply with FSC Guidance Note No. 43 from 1 January 2022, which was constructed ...

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... of fees, the data shows MySuper products have improved, but there is still a way to go for several funds. In December 2019, one quarter of MySuper products charged total fees and costs of more than $646 per annum on a $50,000 balance. This has since ...

Choice products not so choice: APRA

CHLOE WALKER, KARREN VERGARA  |  FRIDAY, 17 DEC 2021
Several superannuation funds that flunked the inaugural Your Future, Your Super test, are also failing Choice members, the latest APRA heatmaps reveal. The prudential regulator slapped retail and industry superannuation funds alike with the lowest grade ...

What you read in 2021

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... departures of some of the super industry's most respected and long-serving names were also big news. That said, there is one non-super story that made the cut; IOOF's unexpected rebrand following its acquisition of MLC Wealth managed to sneak ...

MLC Life adds to retail distribution team

JAMIE WILLIAMSON  |  THURSDAY, 16 DEC 2021
The life insurer has made a series of appointments to its retail distribution team in the hopes of strengthening its licensee and adviser relationships. Four new additions have been made, reporting to general manager of retail distribution partnerships ...

Prime Minister announces reverse mortgage scheme

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... might appear, hardly any of the four million or so Australians aged 65 and over have taken it up, perhaps as few as 5000 - one in every 800," they explained. "So, in this year's May budget the government announced two changes to make it more attractive. ...

Crestone to be acquired by LGT Group

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
Crestone Wealth Management is set to be acquired by one of the world's largest privately owned wealth managers, LGT Group. Under the agreement, LGT Group will acquire 100% of Crestone for $475 million. "The proposed transaction would enable Crestone ...

Labor pledges calm in superannuation

KARREN VERGARA  |  WEDNESDAY, 15 DEC 2021
... services, and the digital economy Jane Hume at the event. Both ministers agreed that unpaid super is a significant issue, yet no one can agree on the exact figure. The ATO calculates $3.5 billion while ISA believes the figure to be $5 billion. "It's ...

OnePath Custodians sued over fees for no service

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
Civil penalty proceedings have commenced in the Federal Court against OnePath Custodians for allegedly charging super fund members fees for no service, filed by ASIC. ASIC is alleging OnePath incorrectly charged more than $4 million in fees to more ...

SSGA creates regional ESG role

KARREN VERGARA  |  WEDNESDAY, 15 DEC 2021
... investors in the region advance along their ESG journey, the need to find the right ESG investment solutions is an urgent one. Xinting will work with them to understand the relationship between ESG integration and performance, the possibility of integrating ...