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Showing 381 - 390 of 398 results for "Mistake"

AXA chief claims mandatory super increases will not boost retirement

AAP | THURSDAY, 14 APR 2005

... changes". "What matters is net savings ratios - putting the compulsory contribution up to 15 per cent, I believe, would be a mistake," he says. "What I believe Australia needs to do is to provide real, tangible tax incentives for individuals to voluntarily ...

Change of fund under choice regime not mandatory: FPA

... perhaps a change of strategy within the same fund might be all that is necessary. "There is as much of a chance of making a mistake by moving to a new fund as there is in staying with the existing fund - as long as it is compliant and has been performing ...

Clearview and MBF Life agree to correct unit pricing errors

... directions to MBF Life under the Life Insurance Act 1995 that require the company to compensate investors affected by the mistake and to have its unit pricing procedures assessed by an independent expert to ensure the errors of a similar nature do not ...

Colonial Mutual to fix unit pricing errors

Three arms of Colonial Mutual, The Colonial Mutual Life Assurance Society (CMLA), Colonial Mutual Superannuation (CMS), and Commonwealth Custodial Services (CCS), have given ASIC an enforceable undertaking to correct errors contained in the unit-linked ...

Super choice for everyone

... record keeping for the ATO, payments to multiple superannuation funds and fines of up to $500 per employee if they make a mistake. "All to be paid for by the employer. Not since the GST have employers seen anything like it," Senator Sherry says.

Tower to make amends for account balance errors

... pertaining to the members' account balances for the Tower Superb Master Trust (Superb). The errors arose from an administrative mistake by Superb's fund administrator, Tower Risk and Investment Management (TRIM), whereby distributions from selected investment ...

Super trustees advised to follow the safety net rules

The Superannuation Complaints Tribunal has advised superannuation trustees to follow the procedures in the Superannuation Act to protect themselves from complaints relating to death benefits. Under the Act trustees must send notices detailing the proposed ...

ASIC aids smarter investing

ASIC has released a booklet to help people make better financial decisions and avoid costly mistakes covering subjects such as initial investments, budgeting, managing loans and mortgages, and getting the most from superannuation. Called Your Money ...

Falling housing market puts baby boomers Super at risk-warning

AAP | TUESDAY, 6 JUL 2004

Falling house prices could dramatically impact on Australians who depend on equity in the family home or investment property to provide for their retirement, a building advisory service warned yesterday. Archicentre Queensland manager Ron Tanton said ...

NAB outlines board renewal program

AAP | WEDNESDAY, 7 APR 2004

National Australia Bank (NAB) chairman Graham Kraehe has said that two new appointments to the bank's board would be announced within months. The appointments would be part of a process of board renewal aimed at a "major culture change" at the bank ...

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Aware Super reshapes governance team, appoints chief risk officer

VINNY VUCAGO

Aware Super has announced a leadership reshuffle, appointing a new chief risk officer amid the departure of its long-serving group executive of legal.

IFM lifts stake in Atlas Arteria to 40% after upping offer price

RIDDHIMA TALWANI

IFM Investors has raised its stake in Atlas Arteria from 34.5% to 38.3% in an on-market stock purchase, just a day after it raised its offer price for the toll road operator to $5.10 per security.

Zenith bolsters research, investment capabilities with new hires

MATTHEW WAI

Zenith has announced two senior appointments to strengthen its research and portfolio management divisions.

Regulators push for stronger stress-testing capability, resilience

KARREN VERGARA

The ability to remain resilient and manage liquidity pressures amid severe, multi-dimensional stress scenarios is an area of focus that APRA and ASIC want superannuation funds to improve.

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