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Showing 561 - 570 of 1598 results for "Counter"

Labor commits $400m to gender super gap

JAMIE WILLIAMSON  |  WEDNESDAY, 19 SEP 2018
If elected, the Labor Party will work to narrow the retirement savings gap by topping up the superannuation accounts of women on parental leave among several other measures. Labor leader Bill Shorten has announced a plan to add $400 million to the super ...

Australia behind when it comes to pay transparency: AXA IM

HARRISON WORLEY  |  FRIDAY, 14 SEP 2018
... the recent $700m civil settlement between CBA and AUSTRAC over the bank's contravention of anti-money laundering and counter terrorism laws, Christensen said executive pay was becoming difficult for companies to justify to shareholders, especially ...

New accounting standards put pressure on life insurers

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
Australian life insurers are unprepared for two new major accounting standards that will shake up the way profit is reported, a KPMG survey shows. The global survey of 160 life and health insurers, and reinsurers included Australian companies. It gauged ...

UK adviser competency to be re-evaluated

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
Financial advisers in the UK are facing similar challenges to their Australian counterparts, with the Financial Conduct Authority introducing a new assessment aimed at raising standards and competence. The FCA has partnered with the Chartered Insurance ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
APRA will dig its heels into a list of concerns magnified in the Royal Commission into superannuation that mainly involve IOOF, CBA and Suncorp. In response to the preliminary findings concluding the fifth round, APRA said the Commission unearthed new ...

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
The Royal Commission cast serious doubts over the ability of APRA and ASIC to effectively regulate the superannuation industry, questioning their purpose in safeguarding retirement savings and the stability of the financial system. In his fifth round ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
ASIC's favourite method of tackling misconduct came under fire as the Royal Commission capped off its round of superannuation hearings on Friday. First up was Tim Mullaly, a senior executive leader in ASIC's financial services enforcement division. ...

BNY Mellon partners for new fund, eyes Aussie retail market

KANIKA SOOD  |  FRIDAY, 10 AUG 2018
The global banking giant has partnered with multi-affiliate boutique manager Pinnacle to launch a new Australian-domiciled global infrastructure fund, as it eyes the retail and adviser market. The Pinnacle BNY Mellon Global Infrastructure Yield Fund ...

Chief economist update: Younger migrants and the elderly keep wages low

BENJAMIN ONG  |  THURSDAY, 9 AUG 2018
Australians, all, there's now 25 million of us... and counting. The Australian Bureau of Statistics (ABS) reported that the country's population reached 25 million shortly after 11pm AEST on August 7. According to the report, population has ...

Superannuation shortage facing Aussie retirees: AMP

HARRISON WORLEY  |  MONDAY, 30 JUL 2018
Latest research from the mutual shows Australians hoping to live the retirement lifestyle they aspire to will, from age 65, run out of retirement savings after five years. AMP added that with the average life expectancy of Australians now 82.5 years ...