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

Search Results

Showing 561 - 570 of 2995 results for "Problem"

ERS scheme referred to Auditor-General

ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
The Labor party has referred the government's Early Release of Superannuation scheme to the Auditor-General, citing administrative failures. Shadow Assistant Treasurer Stephen Jones sent the letter to the Auditor-General Grant Hehir asking him to review ...

CFA Institute reveals new exam regime

ALLY SELBY  |  WEDNESDAY, 5 AUG 2020
... "Operating in a fully-digital format aligns to real-world, professional environments, allowing us to better model the tasks and problem-solving needs of today's financial analysts and investment managers." Candidates who have registered and postponed ...

Government introduces pandemic payment

ANNABELLE DICKSON  |  TUESDAY, 4 AUG 2020
Workers in Victoria who are required to isolate for two weeks and do not have sick leave entitlements will soon have access to paid pandemic leave. The government will introduce at $1500 disaster payment for workers in Victoria that do not have sick ...

Aussies reevaluate retirement prospects

ALLY SELBY  |  MONDAY, 3 AUG 2020
... financially disadvantaged in retirement," Power said. "It was an issue before the current crisis, and it will be an even bigger problem when we emerge from the recession." Power called on the financial services industry to support women impacted by COVID-19 ...

Life insurance at tipping point: Industry leaders

ALLY SELBY  |  FRIDAY, 31 JUL 2020
Life insurance leaders have pushed for immediate and authentic change, lest current legacy business models and products hinder the growth and sustainability of the industry. Speaking at the Financial Services Council's (FSC) 2020 Life Insurance ...

AIST pushes for policy reform

ALLY SELBY  |  THURSDAY, 30 JUL 2020
... would have people's retirement incomes; it does nothing to address the root cause of Australia's housing affordability problem, which is lack of supply. "Turning housing into an asset class that could provide institutional investors with a competitive ...

Advisers file class action against AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUL 2020
A class action has been filed against AMP by its own advisers in relation to the institution's decision to slash Buyer of Last Resort valuations last year. Almost one year on from the news BOLR valuations would be cut from 4x recurring revenue to ...

Life insurance needs to prove value

ANNABELLE DICKSON  |  WEDNESDAY, 29 JUL 2020
Life insurance claims paid out billions of dollars to Australians last year. However, the industry needs to focus on creating awareness for its members as it is faced with negative sentiment, specifically around group insurance, the FSC Life Insurance ...

Westpac discovers additional transaction irregularities

ALLY SELBY  |  TUESDAY, 28 JUL 2020
Westpac's money laundering woes continue to worsen, with the bank today announcing it has uncovered hundreds of thousands of additional transactions of $10,000 or more that are "incomplete or inaccurate" to AUSTRAC. After further investigation, the ...

Domestic violence super reforms stall

ALLY SELBY  |  THURSDAY, 23 JUL 2020
Representatives from industry super and a legal body have called on the Federal Government to deliver on a promised scheme that would have stopped domestic violence perpetrators from hiding their super assets from their spouses. Women's Legal Service ...