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| | | ... understand the history of why default insurance exists in superannuation, and that is, in the event of misfortune, there is not a pressure on individuals and their families to access what they've accumulated. "It's an entirely sensible policy ... |
| | | | ... necessary and useful part of the legislative framework. The fundamental policy principles that underpin the class orders have not changed," the regulator said. If remade, the orders will stand for a further five years. ASIC is seeking feedback from responsible ... |
| | | | ... cases, compensation has been awarded, but can't be paid until the Scheme has been established," he said. "If the CSLR Bills are not passed this month, consumers will be waiting until 2024 to receive compensation." Jones aims to put the legislation over ... |
| | | | ... 1990s, ASFA chief executive Martin Fahy said. For retirees, falling real wages have meant that the Age Pension payments have not benefitted from adjustments linked to wage increases. "These ongoing pressures on retiree budgets have caused a related lift ... |
| | | | First Sentier Investors (FSI) has partnered with AlbaCore Capital Group, securing an undisclosed majority stake in the European credit manager. AlbaCore's senior team will retain a minority stake in the business but operate with autonomy, with no changes ... |
| | | | ... welcomes industry feedback. "Secondly, we want to try and make the tax concessions in superannuation a bit more sustainable, not by eliminating those tax concessions, but by making them a little bit less generous for people who have balances of more ... |
| | | | The corporate watchdog has bestowed MSC Trustees new powers to act as a trustee for debt instruments such as debentures, notes and bonds issued by public companies, a first for an Australian corporate trustee. MSC Trustees is the first trustee firm ... |
| | | | Funds raised by the Financial Industry Community Aid Program (FICAP) will be donated to Feel the Magic this year, as well as Shine for Kids. Feel the Magic is FICAP's new charity partner, providing early intervention grief education programs for kids ... |
| | | | ... team, and so that's a rewarding part of my time at Frontier. Also, introducing a PhD, internship programme." Naylor is not the only senior departure from Frontier, with its head of alternatives and derivative solutions Scott Pappas also leaving. ... |
| | | | The ASX rebounded slightly this morning following the overnight bailouts of First Republic Bank and Credit Suisse, but has since remained unsteady. This mornings slight jump - 0.3% - was pretty modest, CommSec senior economist Ryan Felsman told Financial ... |
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