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Showing 381 - 390 of 2028 results for "Let"

APRA extends IDII overhaul deadline

KARREN VERGARA  |  THURSDAY, 13 MAY 2021
APRA has given life insurers another year to have the policy contract term measure for individual disability income insurance (IDII) in full force by 1 October 2022. The prudential regulator has acknowledged the challenges life insurers are facing ...

YFYS incentive to reduce fees: Hume

ANNABELLE DICKSON  |  THURSDAY, 13 MAY 2021
... underperformance." Hume added that if the test didn't include administration fees charged over the past eight-years it would not let those funds "off the hook" that have been consistently charging high fees. "This is a policy that has a very strong incentive ...

OPINION: Super for housing was the wrong policy fight

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
... masterstroke of the government when a few years ago they stared down protests to introduce the 3% fee cap on accounts below $6000. Let us not forget that if you need a government sponsored fee cap to protect you from high fees, you're probably in the ...

Statewide not contesting ASIC allegations

KANIKA SOOD  |  MONDAY, 10 MAY 2021
The $10.8 billion industry fund will not contest ASIC's March allegations against the fund regarding administration of group insurance policies. O n March 4, the corporate regulator commenced civil penalty proceedings against Statewide alleging it had ...

Former adviser cops eight-year ban

KARREN VERGARA  |  THURSDAY, 6 MAY 2021
A former ANZ and Infocus Securities financial adviser has been banned for eight years after ASIC found evidence of forgery and falsifying documents. Lisa Lee, a Sydney-based former adviser, falsely witnessed binding nomination of beneficiary forms for ...

Value of internet search for stock markets revealed

ELIZABETH MCARTHUR  |  FRIDAY, 30 APR 2021
... negative news, investors are less likely to mitigate their misconceptions and biases surrounding a certain stock," she said. "Let's say I believed that eating carrots could cure cancer and searched the internet to confirm this. An unrestricted search ...

Mainstream posts record quarter

KANIKA SOOD  |  MONDAY, 26 APR 2021
... another bidder, Vistra's offer. Mainstream asked Vistra to either match or make a better offer by April 16 for which Vistra let the deadline expire.

Senate report on YFYS reforms delayed

KANIKA SOOD  |  THURSDAY, 22 APR 2021
The senate economic committee's report on Your Future, Your Super reforms has been delayed by a week, as superannuation funds await specifics ahead of the proposed July 1 start date. The senate economics legislation committee, chaired by Liberal senator ...

Former adviser pleads guilty over million-dollar super theft

ANNABELLE DICKSON  |  THURSDAY, 22 APR 2021
Victorian-based Ahmed Saad has pleaded guilty after previously being charged with dishonestly obtaining financial advantage by deception for his role in an illegal retail superannuation scheme. ASIC alleges that Saad, while working as an authorised ...

Chief economist update: The pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 21 APR 2021
The music has stopped, should we cease dancing? Two consecutive days of losses on Wall Street is a very long time in financial markets so much so that "pundits struggle to explain stocks stumble", according to the Australian Financial Review (AFR). ...