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Showing 321 - 330 of 4500 results for "Case"

Fortitude Investment Partners acquires majority stake in SMSF audit firm

MATTHEW WAI  |  WEDNESDAY, 2 APR 2025
Fortitude Investment Partners has acquired a majority stake in self-managed superannuation fund (SMSF) audit firm ASF Audits. The investment will improve ASF Audits' client experience and accelerate future growth; the primary capital investment ...

RBA flags concerns over 'geopolitical uncertainties'

ELIZA BAVIN  |  WEDNESDAY, 2 APR 2025
... Commonwealth Bank head of Australian economist Gareth Aird said the bank expects three more rate cuts this year. "Our base case is for the RBA to deliver further 25bp rate cuts in May, August and November for an end year cash rate of 3.35%," Aird sai ...

CSLR costs driven by poor advice: AFCA

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
The Australian Financial Complaints Authority (AFCA) lead ombudsman, investments and advice Shail Singh has told financial advisers that poor practices are the main contributor to the soaring costs of the Compensation Scheme of Last Resort (CSLR). "It's ...

Life insurers keep breaking their own rules: Report

ANDREW MCKEAN  |  TUESDAY, 1 APR 2025
... error or process failures, insurers should approach the issue holistically, rather than treating incidents as isolated or case-by-case occurrences." When things go awry, insurers most commonly reported providing staff training. This was cited in 6356 ...

Not one trustee tracked end-to-end claims handling times: ASIC

ANDREW MCKEAN  |  MONDAY, 31 MAR 2025
... beneficiaries was often "ineffective and insensitive," reinforcing concerns previously raised by Financial Standard, including a case where Rest was accused of showing "zero compassion" to a family struggling to facilitate an insurance payout for a terminally ...

Jones clarifies scope of new class of adviser

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
... advice - on all things financial. "It wasn't what we announced, and it's not what we intend to do. "It's not the case that this person is going to be able to provide full blown advice on all matters retirement that have nothing to do with ...

Insurance in super remains a mystery to millions of Australians

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
... (TPD), and income protection insurance could retire with $85,000 - or 14% less - than if they had no insurance. In an extreme case, the retirement income shortfall could be $125,000, or 28%. The Commission, in a 2018 report, concluded that group insurance ...

Tranche 2 of DBFO dumps SOAs, enables 'nudges'

JAMIE WILLIAMSON  |  FRIDAY, 21 MAR 2025
The long-awaited Tranche 2 of the Delivering Better Financial Outcomes draft package has been released, switching Statements of Advice for Client Advice Records and clarifying what topics super funds can collectively charge for. However, some elements ...

Resolution Capital to list second active ETF

JAMIE WILLIAMSON  |  FRIDAY, 21 MAR 2025
... when compared to unlisted infrastructure "Given the importance of the underlying assets, we believe there is a compelling case for a portfolio allocation to global listed infrastructure (GLI) - a defensive growth asset class with a history of delivering ...

AFCA opens consultation on financial elder abuse, family violence

KARREN VERGARA  |  WEDNESDAY, 19 MAR 2025
The Australian Financial Complaints Authority (AFCA) has launched two consultations on how it should improve its approach to handling complaints related to financial elder abuse and family violence. AFCA said it seeks to ensure consistency in how it ...