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Showing 4561 - 4570 of 28259 results for "NOT"

Four MySuper products fail for second time: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... billion in retirement savings. Those that failed for a second time have until September 28 to notify their members. They can now not take on any new members and cannot be offered as a default fund for any employers. They must also return any contributions ...

Perth Mint faces AUSTRAC probe

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... program; suspicious matter reporting obligations; and maintenance of enrolment details within required timeframes. "AUSTRAC does not hesitate to take action where a business that we regulate is failing to satisfy their responsibility to protect themselves ...

Link Group acquires HS Pensions

ANDREW MCKEAN  |  TUESDAY, 30 AUG 2022
Link Group has signed an agreement to acquire HS Pensions, expanding its footprint in the UK retirement solutions and pensions sector. HS Pensions delivers an end-to-end pension service and administers pensions for around 370,000 members. When combined ...

The unintended consequences of the performance test

JAMIE WILLIAMSON  |  TUESDAY, 30 AUG 2022
... main reasons, he suggests, is because funds that have already undertaken substantial mergers or achieved significant size may not be looking to undertake any further merger activity. "Recent large fund mergers are likely to focus on getting the strategy ...

Spirit Super consortium withdraws from port acquisition

ANDREW MCKEAN  |  TUESDAY, 30 AUG 2022
The Spirit Super and Palisade Investment Partners Consortium has not proceeded with its Port of Geelong acquisition, withdrawing its request for merger clearance from the ACCC. The ACCC recently informed the Spirit Super Palisade Consortium that it ...

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... outlines a sensible roadmap for delivering affordable and accessible financial advice by focusing on outcomes for consumers, not out-dated compliance documents and red tape." "Financial advice is weighed down by layers of red tape that has pushed the ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... Levy's consultation paper suggests removing the best interests duty, saying "evidence suggests the best interests duty has not been more effective than disclosure in protecting consumers from poor advice." Instead, there should be a focus on providing ...

Are Australia's wealthiest tight-fisted?

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
... and funder of the research Daniel Petre added: "With a very small number of notable exceptions, Australia's wealthy have not increased their philanthropy at a rate that is within a country mile of the growth in their wealth over recent years." "On ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
... review triggers that were specific and comparable over a set period, ASIC noted that some review triggers were too broad and not specific enough to determine when a review of the TMD would be triggered. "We recommend trustees consider how insights from ...

Super giants, investment firms join Future IM/Pact

CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... industry," she said. Aware Super chief investment officer Damian Graham said as one of the nation's largest super funds, Aware not only acknowledges the link between diversity and stronger investment outcomes, but is committed to redressing the gender ...