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Showing 331 - 340 of 2046 results for "Legislation"

Time to throw out the antiquated lifetime annuity mindset

ANDREW MCKEAN  |  FRIDAY, 23 SEP 2022
... able to change within those investments as risk profiles change or as market volatility takes hold. Prior to 2017, legislation required that lifetime annuities had to be stable in income or improving an income over time. But subsequent reform now permits ...

Current legislation "wrong way around": Levy

CASSANDRA BALDINI  |  THURSDAY, 22 SEP 2022
Quality of Advice Review chair Michelle Levy believes providing financial advice with a focus on best interests duty and duty of priority is doing things the wrong way. Commenting on her proposal to replace the best interests duty and duty of priority ...

A year of change: Phil Anderson

CASSANDRA BALDINI  |  THURSDAY, 22 SEP 2022
... that ASIC has recently explained there is an option for those 500 or so advisers who didn't pass. "This is in the legislation - if the adviser who doesn't pass chooses to get off the Financial Adviser Register before September 30, they will then ...

AFA president positive on industry outlook

ANDREW MCKEAN  |  WEDNESDAY, 21 SEP 2022
... profession. Meanwhile, on the Quality of Advice Review, Perera welcomed the move away from prescriptive to principles-based legislation. "It means there's going to be significant responsibility back on ourselves because if we're going to be treated like ...

Inconsistencies across RIC strategies: Mercer

ANDREW MCKEAN  |  FRIDAY, 16 SEP 2022
... "It raises the question of how these funds will obtain this information and, in the absence of innovative changes to legislation, this is presumably reliant on the member providing it to the fund," Mercer said. Moreover, demonstrable of funds' RIC strategy ...

APRA to modernise regulatory frameworks

ANDREW MCKEAN  |  TUESDAY, 13 SEP 2022
... "Since APRA's creation in 1998, the prudential framework has expanded and evolved in response to new risks, changes in legislation and developments in the external environment. With 140 prudential standards and prudential practice guides now covering ...

CSLR legislation tabled, advice sector responds

ANDREW MCKEAN  |  FRIDAY, 9 SEP 2022
... than covering bureaucracy and administration. The Financial Services Council (FSC) also welcomed the introduction of legislation for a CSLR. FSC chief executive Blake Briggs said: "The government is right to take a cautious and prudent approach to the ...

SMSFA calls for budget amendments

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
... and we ask the government and treasury to undertake the necessary industry consultation and progress the required legislation as a priority." Maroney outlined the overarching themes of its submission are simplification, review, and the modernisation ...

Final Royal Commission reforms to be tabled, YFYS review begins

JAMIE WILLIAMSON  |  WEDNESDAY, 7 SEP 2022
... should have been implemented by the former government... We want to be finishing up this year saying, 'All of the legislation to implement the Hayne recommendations has been done'. We're on track to do that," Jones said. The consultation ...

Not enough being done to fix super gap: AIST

JAMIE WILLIAMSON  |  TUESDAY, 6 SEP 2022
... dignified retirement should not suffer." She said the current fiscal challenges Canberra can't be ignored, but that legislation ensuring super is paid on parental leave should be developed and implemented sooner rather than later; "This is one of ...