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Showing 4631 - 4640 of 18263 results for "Plan"

NAB remediation bill grows

ELIZABETH MCARTHUR  |  MONDAY, 20 APR 2020
National Australia Bank has seen another $268 million added to its bill for customer remediation. The increase in customer-related remediation costs for the big bank comes to $188 million after tax. NAB says it expects the additional costs to reduce ...

Advisers adapt as crisis unfolds

ALLY SELBY  |  MONDAY, 20 APR 2020
Despite both the health and economic destruction that the COVID-19 pandemic has left in its wake, the environment, albeit dark, has highlighted the value of Australia's advice industry. The human element of advice; the ability to connect with someone ...

Should unused services on AFSLs be subject to ASIC levy?

KANIKA SOOD  |  FRIDAY, 17 APR 2020
An AFSL holder asked the court to review its entreaty to ASIC to waive industry funding levy for services that it was licensed to offer but did not. Polymath Investors acquired an Australian Financial Services Licence in 2010 to work with wholesale ...

Funds have five days to hand over cash: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
... public despite multiple reports questioning whether some funds have the appropriate liquidity to implement the government's plan. Financial Standard previously reported that fund administrators acknowledged implementing early release would be a chall ...

BAS agents to give financial advice

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
A new legislative instrument aimed at helping Australians to navigate the COVID-19 stimulus measures will allow BAS agents to offer financial advice to businesses. BAS agents can now legally advise businesses about their entitlements to the new JobKeeper ...

Liquid and ready: Cbus

ALLY SELBY  |  THURSDAY, 16 APR 2020
Cbus chief executive David Atkin says his $56 billion industry super fund is in a strong liquidity position to deal with the early super release scheme. And this was the case even prior to the government's Jobseeker payment announcement, he said. "Cbus ...

Not the time to sell products

HARRISON WORLEY  |  THURSDAY, 16 APR 2020
... be reciprocated, as advisers and the firm slowly turn to discussions around how the Future Safe product can help clients plan for a better retirement in the context of the current turmoil in markets. "It's not easy to change perceptions around the way ...

Tail-risk hedging pays off for super fund

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
... market volatility amid the COVID-19 pandemic. Vision Super has had tail-risk protection in place for its defined benefit plan for a few years. Chief investment officer Michael Wyrsch told Financial Standard that the strategy paid off during recent volatility. ...

Pension pots around the world during COVID-19

KANIKA SOOD  |  THURSDAY, 16 APR 2020
Governments around the world are springing into action to leverage and safeguard pension pots during the COVID-19 economic and market turmoil. Australia in March allowed workers to withdraw $10,000 for this financial year and the next from their superannuation ...

Financial services exec embroiled in bribery scheme

ALLY SELBY  |  THURSDAY, 16 APR 2020
A former financial services executive in the US has been charged with orchestrating a bribery scheme that saw him funnel at least $4 million to the Ghanaian government to gain their approval to build and operate an electrical power plant. The Securities ...