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Showing 591 - 600 of 2995 results for "Problem"

APRA pushes for super fund consolidation

JAMIE WILLIAMSON  |  THURSDAY, 28 MAY 2020
APRA has urged all superannuation funds to be more proactive in considering their options, saying that while COVID-19 will pass, its impact will be felt for far longer and funds will soon run out of excuses. Over the past seven years, the number of ...

Complaints abound during COVID-19: AFCA

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
The Australian Financial Complaints Authority (AFCA) has received over 3180 COVID-19 related financial complaints since the pandemic was declared in March, with more than 600 directed at superannuation funds. Speaking to members at on online forum ...

Retirement funder adds two new executives

ELIZA BAVIN  |  WEDNESDAY, 27 MAY 2020
... Elsevier) and as an economist for the Productivity Commission. "I'm excited to work for a business that is solving a real problem for an important cohort of Australians - helping Australians be better off in retirement," Rattigan said. Josh Funder ...

Sole purpose test poses SMSF rent relief issue

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
COVID-19 has seen more than half a million Australians lose their jobs and countless businesses shuttered but for SMSF trustee landlords offering rent relief to those facing financial hardship could mean they fail to meet the sole purpose test. Breaching ...

APRA urged to probe industry funds

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
Liberal MP Tim Wilson has written to APRA chair Wayne Byres urging the regulator to conduct an investigation into vertical integration at industry super funds and related conflicts of interest. Wilson, who chairs the House of Representatives' Standing ...

Super not sacred: Rice Warner

HARRISON WORLEY  |  MONDAY, 25 MAY 2020
... the past. Rice has warned the superannuation industry to prepare to become part of the solution to the government's debt problem, musing that the government may choose to overhaul the system's tax structure in a bid to pay off the debt over the next ...

Super advocate takes FSC to task over TPD tests

HARRISON WORLEY  |  THURSDAY, 21 MAY 2020
... to ban these junk terms once and for all," O'Halloran said. "It is good to see the FSC acknowledge there is a major problem with restrictive terms in people's life insurance in superannuation. But, what the industry has proposed is a band aid ...

Advisers involved in ERS scams: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAY 2020
... superannuation senior executive leader Jane Eccleston has written an article pointing to financial advisers as part of the problem in scams targeting people's super amid COVID-19. Eccleston said: "ASIC is concerned that some advisers may use the current ...

Chief economist update: Easing restrictions narrow oil demand-supply equation

BENJAMIN ONG  |  MONDAY, 18 MAY 2020
... respectively. In April, floating storage of crude oil increased by 9.9 mb to 123.8 mb." There's also the not so small problem of a second wave of infection that could prompt governments to re-enforce lockdowns and social restrictions and that eternal ...

Behavioural tools to limit losses, fear

ALLY SELBY  |  THURSDAY, 14 MAY 2020
... and thinking," she said. "So in these times we need our minds to be flexible and open to new information so that we can problem solve and think clearly." Time pressure, emotional exhaustion and other stresses all amplify cognitive rigidity, which isn't ...