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| | | ... responding to climate change and supporting the transition to net zero." Alembakis explained that the framework will initially apply to large companies and financial institutions and over time will include smaller entities. "The proposals want to align ... |
| | | | ... entity fails to pay an AFCA determination awarding compensation in their favour. Under the new law, eligible consumers can apply to the CSLR operator for payment if they have not been paid in accordance with the AFCA determination, and if eligibility ... |
| | | | ... value of life insurance." Tse added that given underinsurance is an ongoing concern and macro-economic factors continue to apply pressure, the risk is that people, especially women, will fall further behind. "Life insurance, particularly through superannuation ... |
| | | | ... disadvantage the victim and survivors of offenders with no superannuation interests. They added that the policy should only apply to out of character contributions, including any made for a spouse, and only in instances where the time period to allow ... |
| | | | ... we're of reasonable scale but we've got to drive the future as well." "We've got no exemptions to the rules that apply to everyone else, so we've got to look at our sustainability going forward. We want to remain consistent with our values ... |
| | | | ... while encouraging fund trustees to decide how to allocate the cost of providing it. "The recommendations in this Report apply to superannuation funds just as much as they do to other financial institutions," she said. "So, they will mean that more financial ... |
| | | | ... Financial Advisers chief executive Phil Anderson said there would need to be controls around the kinds of advice that might apply and education standards for non-relevant providers must also be lifted. However, he said that if the proposal only allows ... |
| | | | ... been a "hot button" for some advisers. "I think it's seen to be challenging because of different standards that might apply," he explained. "We've argued that we would be comfortable with the proposal if there were controls around the types of ... |
| | | | ... and affordability of quality financial advice. I have made recommendations for changes to the regulatory framework that apply to the provision of financial advice which I believe will achieve that purpose. If the recommendations are accepted, they will ... |
| | | | ... the organisation will play in supporting financial advisers and planners," he said. AFA members have until 30 June 2023 to apply for membership with the FAA and resign as members of the AFA, while their new membership will become effective on 1 July ... |
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