Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 4941 - 4950 of 10553 results for "BEI"

ASIC watching SMSF advice closely

JAMIE WILLIAMSON  |  MONDAY, 20 FEB 2017
ASIC will undertake a major project focused on the advice provided to self-managed super fund clients, particularly around the establishment of SMSFs, as the regulator continues its work to lift the standard of financial advice in Australia. Deputy ...

Bligh appointed ABA chief executive

EMMA RAPAPORT  |  FRIDAY, 17 FEB 2017
Former Queensland premier Anna Bligh will replace Steven Munchenberg as chief executive of the Australian Bankers Association, a role which will require her to weather the storm of a possible Royal Commission into the major banks. In a statement Bligh ...

Super must continue excellence path: O'Dwyer

JAMIE WILLIAMSON  |  FRIDAY, 17 FEB 2017
The superannuation system must be the best it can possibly be to ensure that every Australian is confident in controlling their own destiny. That was the overarching theme of Minister for Revenue and Financial Services Kelly O'Dwyer's address to the ...

Association and regulator join forces for industry benefit

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2017
Marking an Australian first, the SMSF Association announced a strategic partnership with one of the biggest financial services regulators. The association has entered a three-year strategic partnership with the Australian Tax Office to ensure effective ...

Workers missing out on $147m in super: REST

EMMA RAPAPORT  |  THURSDAY, 16 FEB 2017
Less than one in ten Australians are aware of the $450 superannuation guarantee threshold according to new research from REST Industry Super. The Future of Work, a whitepaper commissioned by REST to understand the different expectations of employers ...

Unadvised SMSFs ripe for advisers

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2017
About 60% of Australia's SMSFs consider themselves to be unadvised, instead receiving their education around incoming super reforms from news and social media platforms. This is a key finding of new research from the SMSF Association and Commonwealth ...

IOOF profits slide across all key businesses

ALEX BURKE  |  WEDNESDAY, 15 FEB 2017
IOOF reported declining profits across all key segments in 1H17, contributing to an overall 45% slide in statutory profit down to $74 million. The group's platform management and administration business took the biggest hit to underlying profit, falling ...

Fintech investment needs balance: APRA

EMMA RAPAPORT  |  WEDNESDAY, 15 FEB 2017
The financial services sector should not be tempted by "shiny new [fintech] toys", and must continue to invest in maintenance of core technology, says APRA chairman Wayne Byres. Speaking at the A50 Australian Economic Forum in Sydney on Friday, Byres ...

FPA expels and fines dishonest member

EMMA RAPAPORT  |  WEDNESDAY, 15 FEB 2017
The Financial Planning Association Conduct Review Commission Disciplinary Panel has expelled financial adviser Darren Tindall and issued a fine of $16,000. In a determination handed down on 10 February, the CRC decided to expel Tindall of PWM Advice ...

Distrust is super's biggest challenge

JAMIE WILLIAMSON  |  WEDNESDAY, 15 FEB 2017
The biggest challenge facing the superannuation system is the distrust millennials have in the financial services industry at large following years of scrutiny. New research from Vanguard comparing the retirement savings systems of Australia, the UK ...