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Showing 31 - 40 of 1071 results for %22Super Consumers Australia%22

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... the near future," Antil said. However, Antil also affirmed that any reduction to the average fees is a good result for consumers. "We should encourage a healthy and competitive superannuation market that continues to put downward pressure on fees," she ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... said will provide legal certainty around removing onerous red tape that adds to the cost of advice with no benefit to consumers. Advisers can expect the streamline of ongoing fee renewal and consent requirements, including removing the requirement to ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... said. In the year to June 2023, TelstraSuper received only 33 AFCA complaints. Only six cases were resolved in favour of the super fund. ASIC deputy chair Sarah Court said: "ASIC expects the financial services industry to have effective dispute resolution ...

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
... October 2021, ASIC commenced civil penalty proceedings against Diversa, alleging it had breached the law by allowed Australian Super Find, the Australian Dealer Group, and financial adviser Nizi Bhandari to sign members up to YourChoice Super, saying ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... people buying death and disability income insurance policies through advisers," Cummings said. "The economic pressures on consumers and rise in premium costs has contributed to lapse rates starting to increase. Having said that, the lapse rates in 2022 ...

Aussies largely unsure of legacy plan: Research

CHLOE WALKER  |  FRIDAY, 6 OCT 2023
... Life). In June, Gen Life commissioned global research company Censuswide to conduct a study of 2000 adult Australian consumers to gain both quantitative and qualitative insights into what legacy means to them, their financial goals, the financial vehicles ...

CALI takes on Life Code

CHLOE WALKER  |  THURSDAY, 28 SEP 2023
... proud of the work the FSC has undertaken to deliver the Life Code, and the positive impact it has had on life insurance consumers. The latest version of the Life Code was effective July 1, and expands on the important work completed by the FSC when the ...

Betashares carves slice of superannuation pie

CHLOE WALKER, JAMIE WILLIAMSON  |  WEDNESDAY, 27 SEP 2023
... beyond ETFs and into the broader financial services sector. Bendigo and Adelaide Bank undertook a sales process for the super business, in which it was determined that Betashares had the "investment scale, expertise and commitment to customer service ...

Government must do more after product failures: FSC, SCA

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2023
... respond to the 2023 superannuation performance test results, the Financial Services Council (FSC) and Super Consumers Australia have said the government must still do more to ensure members in underperforming products are looked after. The FSC expressed ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... the price of everyday items, driving both the Association of Superannuation Funds Australia (ASFA) and Super Consumers Australia (SCA) to increase their retirement standards. According to ASFA, the annual expenditure needed to reach its comfortable retirement ...