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Showing 461 - 470 of 1220 results for "Switch"

APRA warns trustees on PYSP deadline breach

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
APRA has warned trustees that failed to comply with the July 1 Protecting Your Superannuation Package deadline to inform the prudential regulator straight away. A trustee that breaches the PYSP legislation at the product level application or the fixed-term ...

Bristol Street adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 28 JUN 2019
... existing arrangements. In other cases, he recommended switching to more expensive products without demonstrating why the switch would be in his clients' best interests. Muscat focused his advice on switching insurance and super. ASIC said he failed to ...

MySuper eyes SMSF stronghold

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
... quarter mainly due to MLC MySuper moving from a single to a lifecycle strategy. MLC announced in February it was making the switch. MLC MySuper had 70% allocated to growth assets like stocks, property and infrastructure, and 30% to defensive investments ...

Former Westpac adviser permanently banned

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUN 2019
... suit his own interests. Luthra did not take his clients' needs and objectives into consideration when he advised them to switch their superannuation to a product issued by BT and to also take out personal insurance. He also recommended BT insurance and ...

Fee discounts harder for active ETFs

KANIKA SOOD  |  TUESDAY, 18 JUN 2019
... says if an actively-managed fund that it currently uses were to make an active ETF version available, it wouldn't make a switch unless there was a clear advantage to its clients. "I think I will stick to what I've got because of the costs. I haven't ...

Plato fund shuts down

KANIKA SOOD  |  TUESDAY, 4 JUN 2019
An Aussie equities fund from Plato Investment Management is shutting down following a decision from its responsible entity. The Plato Australian Shares Income Fund (Managed Risk) is set to close. It currently holds about $20 million in funds. The fund's ...

Clients demand multiple advisers: Report

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
... leaving their financial advisers solely based on price. Over the next three years, more than one third of clients plan to switch advisers. The adviser's reputation and servicing capabilities in areas such as advisory services, personal attention, quality ...

Tobacco company launches life insurance offering

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
... company is eyeing the life insurance industry by launching products that offer discounts for customers that quit smoking or switch to alternatives. Philip Morris International, the manufacturer of Marlboro cigarettes, will launch life insurance products ...

Chief economist update: Countdown to T-day

BENJAMIN ONG  |  FRIDAY, 10 MAY 2019
It's now 8pm in Washington. That's four hours until T-day (tariff Friday) - the time when US tariffs on about US$200 billion worth of Chinese goods are set to increase to 25% from 10%. Investors around the globe are holding their collective ...

What will super funds get from the ASX CHESS replacement?

KANIKA SOOD  |  THURSDAY, 2 MAY 2019
As the ASX ticks along in switching from its legacy settlement service to a blockchain based solution, how will Australia's $2.8 trillion pool of superannuation assets benefit? That's a question ASX chief executive Dominic Stevens addressed ...