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Showing 591 - 600 of 1945 results for "Proposal"

Lack of independence must be made clear: ASIC

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
Financial advisers will need to provide every retail client a written statement explaining "simply and concisely" why they are not independent, impartial and unbiased; if ASIC's draft recommendations for advice fees are adopted. The purpose, ASIC said ...

Gender diversity remains static, women still disadvantaged

ALLY SELBY  |  TUESDAY, 3 MAR 2020
The state of play for women in financial services remains dramatically disadvantaged. According to Morningstar's latest report on Women in Investing, gender diversity in funds management hasn't changed over the past two decades. "When it comes to gender ...

Retirement review goes off the rails

HARRISON WORLEY  |  FRIDAY, 28 FEB 2020
... ultimately the one that's going to make decisions." Sitting among a raft of left-field ideas pitched to the secretariat is a proposal from BetaShares to install a universal pension funded in part by past and future superannuation contributions of members. ...

SG amnesty bill finally passes

HARRISON WORLEY  |  TUESDAY, 25 FEB 2020
... "We've got billions of dollars in superannuation not being paid to ordinary workers. We've put a constructive proposal on the table. I think making a discussion with the opposition about that proposal hostage to some procedural demand that you ...

Ellerston LIC chair resigns

KANIKA SOOD  |  THURSDAY, 20 FEB 2020
... comes two days after the other of the company's two LICs, Ellerston Global Investors (EGI), informed unitholders of a proposal to delist the fund. EGI and Ellerston Capital (as the responsible entity) want to convert EGI shares to a new class of units ...

Consultation on mortgage broker best interests duty opens

ALLY SELBY  |  THURSDAY, 20 FEB 2020
The corporate watchdog has started a four week consultation process to draft guidance on the new best interests duty for Australia's mortgage brokers. From July 1 this year, mortgage brokers will be legally required to act in the best interests of consumers ...

Status quo not option for remuneration: APRA

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... Rowell added that the regulator does recognise the genuine concerns raised by stakeholders about some aspects of the draft proposal and has been considering options to address those issues. "The introduction of a limit on the use of financial metrics ...

Separate advice and product: AIOFP

ELIZABETH MCARTHUR  |  FRIDAY, 7 FEB 2020
... internal structure to the scheme that will deliver more equitable outcomes for financial advisers. The association said its proposal would address the recommendations from the Ramsay Review, which called for a solution to the disproportionate losses ...

Retirement income review must focus on women: KPMG

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
... pay a higher amount of super contributions to people who had taken on primary career responsibilities. The firm's final proposal calls for the amendment of concession caps for primary care and care-based work breaks, and the replacement of the current ...

BetaShares calls for universal pension

ELIZABETH MCARTHUR  |  TUESDAY, 4 FEB 2020
... proposed that Australia adopt a system that would provide a pension to everyone, funded by superannuation contributions. The proposal was made in the company's submission to the Australian Treasury as part of its consultation with market participants ...