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Showing 371 - 380 of 3152 results for "Times"

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... security, that's what I wanted to update you on," she explained. She said the cross-industry working group has met three times since its creation. "It's got representatives from AIST, FSC and ASFA, Link and Mercer, and all of the regulators as ...

Advice industry must change as population ages: Expert

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... for a three-stage view of the world which requires lots of saving, but how do they want to shift money across different times of life to suit the time profile," he said. He said this strategy will bring much greater variation in decision-making. "When ...

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
... default insurance, with wide variation in the design and pricing of default insurance. Some members were paying over 12 times for cover at some funds versus others, it found. ASIC said all 15 trustees now do some monitoring of member outcomes, such as ...

Former director hit with dishonesty charges

ANDREW MCKEAN  |  WEDNESDAY, 22 MAR 2023
... can carry a maximum penalty of 15 years imprisonment. Alternatively, offenders may face a fine of up to $945,000 or three times the total value of the benefits gained, or a combination of both penalties. The matter is being prosecuted by the Commonwealth ...

DASH lands venture capital investment

ANDREW MCKEAN  |  WEDNESDAY, 22 MAR 2023
... points in the financial planning workflow. The first is offering financial modelling optimisations, to reduce paraplanning times by half. The second is bulk delivery of digital, multimedia SoA, engaging clients without requiring their adviser to be present ...

Jones to prioritise CSLR legislation

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
... notification obligations. Failing to abide by an obligation can lead to a civil penalty of up to 50,000 penalty units, three times the value of the benefit derived or detriment avoided by the entity, or 10% of its annual turnover of up to 2.5 million ...

NSW Premier promises 'future fund' for children

CHLOE WALKER  |  TUESDAY, 14 MAR 2023
... mean for your children," he probed. "As they go on to invest in education and housing, they will repay our investment many times over." It will be made available to all kids under 10 in the 2023 calendar year, with new accounts only created for newborns ...

Residential mortgages will defy headwinds: Study

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
... (LMI)," the whitepaper reads. Agreeing with S&P's March research note, Foresight believes that despite the difficult times ahead for some borrowers, Australia will be underpinned by strong employment conditions and that lenders with proactively work ...

Advice firms trading at premium: Broker

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... significantly reduces profitability. "Clients much below this level generally detract from value and have fallen to below two times revenue if they can be sold at all," Centurion said. The removal of all grandfathered revenue in 2021 has impacted some ...

We are closer to a pause: Lowe

CASSANDRA BALDINI  |  WEDNESDAY, 8 MAR 2023
... board) discussed in quite a lot of detail the difficulties that many people are obviously facing who borrowed in recent times and are facing big increases in mortgages," he said. "... We think we can navigate this narrow path and bring inflation down ...