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Showing 471 - 480 of 1292 results for "Request"

COVID-19 sparks renewed fight for commissions

ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
The COVID-19 pandemic and subsequent economic slowdown has spurred a fight among financial advisers to retain commissions, amid news big institutions are turning them off earlier than the law requires. The Association of Independent Financial Professionals ...

Melbourne fund tightens redemptions amid COVID-19

KANIKA SOOD  |  FRIDAY, 3 APR 2020
A Melbourne boutique has moved its real estate and infrastructure fund from daily redemptions to monthly, citing COVID-19 volatility and drawdown. Newgate Capital Partners wrote to investors on Wednesday, informing them of the changes in the Newgate ...

Bigger balances, bigger blow: Elia

JAMIE WILLIAMSON  |  THURSDAY, 2 APR 2020
... members expected to apply for the scheme and the total amount funds expect to pay out. The spreadsheet sent along with the request was due back to APRA on March 30. "Speaking on behalf of probably the majority of funds, it's not a liquidity issue. ...

Super funds must prioritise liquidity: Regulators

HARRISON WORLEY  |  WEDNESDAY, 1 APR 2020
The superannuation sector has been told in no uncertain terms how it should deal with the ongoing impacts of COVID-19, with ASIC and APRA directing super funds to prioritise liquidity. In a joint letter sent to all registrable superannuation entities ...

Super funds asked to model early release impact

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation. The prudential regulator asked superannuation ...

Chant West sale hits roadblock

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
... West requested the ASX to halt trading of its shares until a further announcement or Thursday's open. "The reason for the request is the company [Chant West Holdings] is seeking to resolve the situation and continue with the sale of the business," it ...

ATO to verify early release requests

ELIZA BAVIN  |  TUESDAY, 31 MAR 2020
Senator Jane Hume has confirmed the Australian Taxation Office will be responsible for verifying early release super requests. Hume, the assistant minister for superannuation, financial services and financial technology, told the AFR Wealth Summit the ...

Early access nightmare for administrators

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
The government's plan to allow early access to super for those who have lost jobs and livelihoods as a result of COVID-19 is an enormous hurdle with a strict deadline - one that administrators admit they might struggle to meet. While early access ...

Super scammers pose as authorities

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... Compliance", and "National Superannuation Board". An ACCC spokesperson said "scammers have used a variety of excuses to request information about superannuation accounts", including ensuring the person is not locked out of their account "by the new rules" ...

AFCA updates approach amid COVID-19 crisis

ALLY SELBY  |  THURSDAY, 26 MAR 2020
The Australian Financial Complaints Authority will shift its dispute resolution approach, prioritising complaints that relate to COVID-19. The ombudsman said although COVID-19 complaints would be fast-tracked, the circumstances under which financial ...