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Showing 581 - 590 of 2022 results for "Legislation"

Consultation on mortgage broker best interests duty opens

ALLY SELBY  |  THURSDAY, 20 FEB 2020
... July." ASIC said the guidance will provide practical examples for mortgage brokers to follow. "Consistent with the legislation, the draft guidance is high-level and principles-based, but also incorporates practical examples," it said. "The purpose of ...

SMSFs interrupted in 2019: SuperConcepts

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... year are still yet to eventuate. Speaking at the 2020 SMSF Association conference, Burgess said that when it comes to legislation, 2019 was "interrupted". He pointed out that several pieces of legislation with a proposed start date of 1 January 2020 ...

Industry fund hikes admin fees

ELIZA BAVIN  |  MONDAY, 17 FEB 2020
... fund is the latest to hike fees ahead of the Protecting Your Super (PYS) and Putting Members Interest First (PMIF) legislation. First Super announced an increase to its administration fee, going from $1.50 per week to $2.25 per week. In addition, First ...

Industry fund bumps up premiums

JAMIE WILLIAMSON  |  FRIDAY, 14 FEB 2020
... death and TPD increasing between 10.5% and 23.8%. Death only premiums under fixed cover will rise by 2%. "The new legislation will reduce the number of members who will have automatic default cover. This means there'll be fewer insured members to share ...

FASEA extension passes

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
... it. This is monumental incompetence, incompetence on an Olympic scale," Jones said. "So, yes, we will support the legislation. But in doing so, we have to point out incompetence and mistake, incompetence and mistake, minister after minister after minister ...

HESTA hikes default insurance cover

KANIKA SOOD  |  THURSDAY, 13 FEB 2020
... insurance cover to members and when their insurance cover must be cancelled has changed as a result of Federal Government legislation introduced in 2019. These changes mean that the HESTA insurer has had to review the insurance fee that members pay. ...

Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... Hayne's recommendations irrespective of whether they make sense or actually provide benefit to consumers. Take the draft legislation released last week on ongoing fee arrangements which would require annual renewals and written consent from the client ...

Industry split over super fee hike

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  TUESDAY, 4 FEB 2020
... fees, the PYS fee caps do not impact our members as the fees our members pay are well below the 3% cap imposed by the legislation." Association of Superannuation Funds of Australia chief executive Martin Fahy declined to comment specifically about the ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... financial advisers are less focussed on selling products and consumers pay advice fees for an agreed service all the legislation has not been changed to reflect these new conditions. As a consequence, there is still an emphasis on product disclosure ...

Frydenberg takes RC super advice

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
The federal government has released a tranche of draft legislation implementing much of the recommendations of the Royal Commission, including banning directors of RSEs to hold any other roles and prohibiting trustees from charging advice fees in MySuper ...