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Showing 341 - 350 of 1133 results for "Representatives"

Life insurers prepare for grilling

HARRISON WORLEY  |  FRIDAY, 24 APR 2020
... Next week several major life insurance firms and advocacy bodies will face up to the scrutiny of the House of Representatives Standing Committee on Economics, with committee chair Tim Wilson committing to grilling insurers on revelations from the Royal ...

Dealer group AFSL in limbo

ALLY SELBY  |  THURSDAY, 23 APR 2020
... comply with its licensee obligations. ASIC alleged MyPlanner Professional did not adequately monitor or supervise representatives, nor did it have the adequate resources to do so. Three days later, on February 15, the firm applied for a review of the ...

Advisers adapt as crisis unfolds

ALLY SELBY  |  MONDAY, 20 APR 2020
... increasingly embrace technology and innovative solutions to scale up their businesses. In a survey of 177 authorised representatives and self-licensed advisers, Centrepoint Alliance found that one third were focused on making sure their businesses remained ...

Trillion dollar stimulus debt debated

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 APR 2020
... clarified. "Never let the perfect be the enemy of the good, and this is good legislation." It was a sparse House of Representatives that met for the first time in 16 days as social distancing was observed by MPs, leaving 1.5 metres space between each ...

Super funds asked to model early release impact

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
... billion range owing to unemployment picking up since the Treasurer's announcement of the estimate. The House of Representatives Standing Committee on Economics chair Tim Wilson yesterday called out superannuation funds' complacence on liquidity ...

Super funds called out over liquidity

ELIZA BAVIN  |  MONDAY, 30 MAR 2020
The House of Representatives Standing Committee on Economics chair, Tim Wilson, has called out super funds that have said they are experiencing liquidity issues, saying it is inconsistent with evidence previously provided to the committee. Many super ...

The bulls are back

ELIZA BAVIN  |  FRIDAY, 27 MAR 2020
... came in below worst fears and the focus stayed on the US$2 trillion stimulus awaiting approval by the US House of Representatives, according to Morningstar. The stimulus package reportedly includes US$500 billion to fund industries impacted by COVID-19 ...

Why remediation jobs aren't short-term

ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
... Westpac said it was likely to have to repay more than 30% of the ongoing advice service fees charged by authorised representatives of Magnitude and Securitor. In its 2019 results, AMP estimated its remediation costs would hit $778 million. Many of the ...

Early access to super scheme results in permanent ban

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 MAR 2020
... credit activities but neither he, nor Superfunded, held an Australian credit licence or were authorised credit representatives of an Australian credit licence. ASIC found that he contravened credit legislation. The regulator also had reason to believe ...

Banned advisers still working in advice: FPA

ELIZABETH MCARTHUR  |  MONDAY, 9 MAR 2020
... managers. It pointed to evidence from the Royal Commission which showed potential misconduct in relation to AFSL representatives providing general advice, directors, management and other AFSL employees. "The FPA notes that Commissioner Hayne identified ...