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Showing 4081 - 4090 of 10553 results for "BEI"

Financial advice as charitable giving

JAMIE WILLIAMSON  |  MONDAY, 1 OCT 2018
A new financial advice firm operating as a charity is changing the lives of low income earners in Western Australia. Registered with the Australian Charities and Not-For-Profit Commission, Leda Financial Advice was founded by financial adviser Michael ...

Zurich helps advisers quantify cost of care

KARREN VERGARA  |  MONDAY, 1 OCT 2018
Latest research from Zurich is helping financial advisers quantify the cost of healthcare when providing insurance advice. The cost of care whitepaper debunks the mentality that Australia is "bulletproof" and that the social and healthcare system will ...

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
Commenting to the interim report released this afternoon, Federal Treasurer Josh Frydenberg said it's evident the findings point to "greed" that's been pursued in return for short-term profits at the expense of consumers and the most basic standards ...

Hayne admonishes ASIC

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
Commissioner Kenneth Hayne criticised ASIC's negotiation strategies and tardiness in remediating misconduct that can take years to resolve and for its inability to prevent future breaches. In his interim report Hayne disapproved of ASIC's preferred ...

ASIC outlines code monitoring expectations

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
The corporate regulator released guidance on the new code of ethics compliance schemes for financial advisers. The new Regulatory Guide 269 outlines the process and criteria ASIC will use in determining whether to approve a compliance scheme, as well ...

NAB, MLC face class action

JAMIE WILLIAMSON  |  THURSDAY, 27 SEP 2018
Class action proceedings have been filed against NAB and MLC for the sale of worthless consumer credit insurance. The two companies will face Slater and Gordon in Federal Court after the law firm officially filed proceedings. Slater and Gordon allege ...

Super funds call for grandfathering ban

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
Superannuation funds are rallying to see an end to grandfathered commissions and for the regulator to impose stronger sanctions on those that fail to act in the best interests of members. In its submission to the financial services Royal Commission ...

Charities losing $180m a year to gender pay gap

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
Australian charities could be receiving $180 million more in donations each year if the gender pay gap was to close, according to a new report on trends in philanthropy. Women donate 0.39% their income to charity every year while men donate 0.34%, according ...

ASIC slams unacceptable reporting breaches

KARREN VERGARA  |  WEDNESDAY, 26 SEP 2018
Major institutions take about five years to identify significant breaches while remediating some customers takes even longer, an ASIC review of breach reporting obligations found. In Report 594 released overnight, the big the institutions took 4.5 years ...

Glut of underperformance in managed funds: Research

KANIKA SOOD  |  TUESDAY, 25 SEP 2018
Nearly eight-in-ten managed funds in Australia failed to hit benchmark returns over a 10-year horizon, according to new analysis by InvestSMART. The researchers modelled Morningstar data for 5297 manager funds that have a track record of 10 years. They ...