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Showing 3661 - 3670 of 28255 results for "NOT"

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... following a review. Assistant treasurer and minister for financial services Stephen Jones yesterday announced that he will not extend the temporary levy relief for advisers that was in place in 2020-21 and 2021-22. The levy is currently set at the 2018-19 ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... effectively assumes that direct interaction with members has a dishonest or ulterior motive," he wrote in the paper Trustees do not have to keep members in the dark about retirement options. Asher, as a result, is calling that trustees be exempt from ...

Government cracks the whip on multinationals

ANDREW MCKEAN  |  MONDAY, 26 JUN 2023
... debt test. Previously, the safe harbour test allowed entities to deduct all interest expenses provided their total debt did not surpass 60% of their total assets value. The newly proposed fixed ratio test permits the deduction of all interest expenses ...

BlackRock Bitcoin ETF: A landmark institutional event?

ANDREW MCKEAN  |  MONDAY, 26 JUN 2023
... is a definitive stamp of approval by Wall Street that Bitcoin is "institutionally investable" or an asset class that's not going away. Of note, in the two weeks since BlackRock announced its intention to launch a spot Bitcoin ETF, the cryptocurrency's ...

TelstraSuper introduces new option, drops premiums

JAMIE WILLIAMSON  |  MONDAY, 26 JUN 2023
TelstraSuper is making changes to its investment menu, while also decreasing income protection premiums for members. The $25 billion corporate fund is introducing a new option for accumulation and TTR members from next month, the Moderate investment ...

Investors trust ChatGPT for advice

KARREN VERGARA  |  MONDAY, 26 JUN 2023
... rebalancing portfolio components. "Thus, while GPT-4 does well in matching investor profiles to specific portfolios, it will likely not make the entire financial advisory process redundant in the near future. Instead, it may be used as a back-office ...

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... community," she said. SoAs, which detail the advice strategy put together by the advisers, are typically 100-page documents, if not more. There are so many terms and conditions in SoAs, Hare said, that they "actually take the excitement out of the document". ...

Rainmaker MySuper index outdoes S&P ASX 200

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
... MySuper Single Strategy index outperformed the Lifecycle MySuper index across all age groups through the 12-month period. The not-for-profit (NFP) MySuper index maintained its lead over the Retail MySuper index over the past 12 months. The NFP MySuper ...

Small super funds admonish APRA

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
In the most recent stakeholder survey conducted by APRA, small superannuation funds expressed disproportionally high discontent with the regulator. APRA observed that superannuation and trustee respondents gave distinctly lower ratings for almost all ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... been awarded but the firm is unable to pay, such as when a firm goes into administration," he said. The CSLR, however, does not cover managed investment schemes ; other industry bodies have lobbied for it to be included under its remit. "The Ramsay Review ...