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Showing 321 - 330 of 458 results for "Deem"

CBA says most customers received appropriate advice

ALEX BURKE  |  TUESDAY, 2 FEB 2016
The fourth update on CBA's Open Advice Review has been released, which the bank said is evidence that the "majority of customers" assessed so far received appropriate advice. The report, prepared by Promontory Financial Group, is based on the nearly ...

Aviva commences proceedings against Centrepoint

ALEX BURKE  |  THURSDAY, 28 JAN 2016
Aviva Asia has commenced court proceedings against Centrepoint Alliance, the latter revealed in an ASX statement. According to Aviva's writ of summons and statement of claim, Centrepoint's former Singaporean subsidiary, Fifth Floor, breached a 2012 ...

Public sector retirees angry over income exemption cuts

DARREN SNYDER  |  THURSDAY, 14 JAN 2016
Tens of thousands of public sector pensioners are learning the scale of changes to their defined benefit schemes that sees cuts to exemptions for the Centrelink pension income test. In June last year the federal parliament introduced a 10% cap on defined ...

ASIC bans another SMSF auditor

ALEX BURKE  |  WEDNESDAY, 2 DEC 2015
ASIC has permanently banned an auditor from providing services to self-managed superannuation funds. Based in Sydney, Abe Samuel was found to have breached independence requirements by the regulator, specifically by auditing a fund of which he was a ...

SMSF auditor disqualified

MARK SMITH  |  MONDAY, 30 NOV 2015
ASIC has disqualified an SMSF auditor for providing untruthful statements that were deliberately misleading. Manoj Abichandani of New South Wales was also deemed by the regulator as not a fit and proper person to be an approved SMSF auditor. ASIC imposed ...

Super trustee bill before the Senate

DARREN SNYDER  |  MONDAY, 9 NOV 2015
The Senate Economics Legislation Committee is expected to table its report on new superannuation trustee governance laws today ahead of debating a proposed bill in the Senate tomorrow. If passed the bill will require all Australian Prudential Regulation ...

Labor questions APRA independence

DARREN SNYDER  |  THURSDAY, 29 OCT 2015
The independence and role of Australia's financial regulator is under the spotlight after one of its senior officials briefed crossbench senators on proposed superannuation trustee legislation. Australian Prudential Regulation Authority (APRA) member ...

Financial System Inquiry response cut-out-and-keep guide

MARK SMITH  |  TUESDAY, 20 OCT 2015
The Financial System Inquiry (FSI) conducted a root and branch examination of Australia's financial system, making 44 recommendations to increase efficiency, resilience and fair treatment of the financial system. In its response, the government has ...

New laws define inactive super members

DARREN SNYDER  |  WEDNESDAY, 30 SEP 2015
The federal government has released draft legislation aiming to reduce red tape for superannuation funds and individuals by streamlining lost and unclaimed super administrative arrangements. Under the new laws a super member will be considered inactive ...

FEATURE: Alternatives - Taking the plunge

ALEX BURKE  |  TUESDAY, 28 JUL 2015
Declining bond yields, an uncertain equities landscape and an appetite for diversification are driving institutions towards alternative assets. Alex Burke investigates whether this is the right idea. When Perpetual acting general manager for regulated ...