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Showing 541 - 550 of 2068 results for "Application"

ERS applications slow

ELIZA BAVIN  |  MONDAY, 24 AUG 2020
Over $31.6 billion has been removed from superannuation since the start of the Early Release of Superannuation (ERS) scheme, but applications appear to be slowing down. In the week to August 16, around $600 million was paid out to members, down from ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
... services to an offshore third-party service provider, Genpact Australia, which did not have access to Asgard's Application For Service 2 (AFS2) system which couldn't process changes to ongoing fees for 'Infinity' branded products. Therefore ...

Industry veterans launch dealer group

ALLY SELBY  |  MONDAY, 17 AUG 2020
Two advice industry stalwarts have launched a new dealer group promising to save advisers time and money. Finchley & Kent opened for business on July 1 after four years of development by co-founders Sam El Shammaa and Phil Alexander. While they acknowledge ...

40% of ERS applicants not eligible: illion

ELIZA BAVIN  |  MONDAY, 17 AUG 2020
... fact that the Australians Taxation Office (ATO) does not require any documentation to prove income loss during the application process. "The money was spent quickly: almost half of the total money withdrawn was spent on purchases in the first fortnight," ...

ASIC winds up illegal land banking scheme

ALLY SELBY  |  MONDAY, 17 AUG 2020
... group of approximately 60 investors applied to adjourn ASIC's hearing, however, the corporate watchdog claimed "that application was not supported by any affidavit material, let alone affidavit material to indicate that there may be some point to the ...

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
AMP has reported a near halving of its wealth management earnings and announced it is buying back Mitsubishi UFJ Trust and Banking Corporation 15% stake in AMP Capital. The embattled wealth manager has reported its first half underlying profit was $149 ...

FSC calls for scaled advice model

ALLY SELBY  |  TUESDAY, 11 AUG 2020
The Financial Services Council (FSC) has called on the government to implement a two-year trial of a scalable advice model, in a bid to increase access to affordable advice to Australians at a time when they need it most. The COVID-19 crisis has seen ...

Brisbane broker permanently banned

ALLY SELBY  |  TUESDAY, 11 AUG 2020
... provided a client with a false letter of approval for a home loan with St George. At the time, there was no home loan application lodged on the client's behalf. ASIC also found that Gordon failed to comply with his obligations under the National Credit ...

AFP charges early release scammers

ELIZABETH MCARTHUR  |  MONDAY, 10 AUG 2020
The Australian Federal Police have charged three people with allegedly submitting false claims to gain early access to superannuation under the new COVID-19 measures. AFP Taskforce Iris has charged seven people in total with submitting false early release ...

ERS doesn't justify higher SG: Grattan

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
New modelling from Grattan Institute found most Australians will have a comfortable retirement even if they have taken advantage of the government's early release scheme. The government recently extended the ERS scheme, allowing individuals who have ...