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Showing 5121 - 5130 of 28259 results for "NOT"

Retirement Income Covenant, CCIV reforms pass

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... flexibility to savings. This must be presented in writing and made public from 1 July 2022. Senator Jane Hume said trustees are not required to release all components of their strategy by this date. "Instead, strategies are expected to evolve and develop ...

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... penalties trustees and directors can incur. "As the fund and PST are operated on a profit-for-member basis, the trustee does not currently hold sufficient capital that could be used to indemnify the trustee, or otherwise meet related liabilities," Hostplus ...

AMIST criticised for SPC investment

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... deliberately exploited the vulnerable employee. "It was deliberate exploitation of a low-paid hard-working employee. It was not careless or the result of a mistake," the magistrate said in his decision. He added of OTR: "There is no demonstrated contrition ...

PE Capital in liquidation

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... misleading and deceptive statements, the court said, representing that it was authorised to operate the schemes when it was not. It also made misleading and deceptive statements about how the investments would be structured, telling investors they had ...

AFA Practitioner Community appoints new leaders

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... our voices be heard so that the people in power make the appropriate changes to improve the financial planning profession, not only for you but for your peers and for every Australian who should seek advice." Cachia also currently serves as the AFA's ...

AFA responds to Quality of Advice Review

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... other disclosure documents which are provided to clients," the paper reads. To make processes more efficient, the QAR should not overlook the role technology such as blockchain can play in standardisation. The AFA blamed the government's limited ...

Foundation rolls out financial literacy program for students

CHLOE WALKER  |  THURSDAY, 10 FEB 2022
... commissioned by Ecstra of 2049 Australians conducted over December 2021 to January 2022 found that over half of teachers (52%) have not taught financial education at school. The survey also reported that students would like to learn more about how to ...

Economics Committee to examine rainy day funds

CHLOE WALKER  |  TUESDAY, 8 FEB 2022
... are interpreting these new provisions, and what actions they will take to ensure that the decisions made by Parliament are not easily and carelessly overturned. "The committee would like to know how superannuation trustees could fund their penalties ...

Super baby bonus proposed

JAMIE WILLIAMSON  |  TUESDAY, 8 FEB 2022
... said the estimated 300,000 workers currently earning less than $450 a month will continue to be penalised if the reform is not passed. "Time is running out for women on low incomes and people working multiple small jobs," Women in Super chair Kara Keys ...

Magellan funds under review

ELIZABETH MCARTHUR  |  TUESDAY, 8 FEB 2022
... Morningstar said its fair value estimate for Magellan was still $38 per share, calling the firm's problems "bumps in the road not nails in the coffin". And, in response to the latest news about Douglass Morningstar has retained its conviction that Magellan ...