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Showing 611 - 620 of 1893 results for "CIRC"

ASIC takes action against missing woman

ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
ASIC has taken action against Maliver and its sole director, Melissa Caddick - who has been missing in unclear circumstances for over a week - over concerns investor funds were misappropriated. The Federal Court has made interim orders against Maliver ...

FASEA reveals October exam results

KARREN VERGARA  |  THURSDAY, 26 NOV 2020
The majority of financial advisers who sat the most recent exam passed, according to the Financial Adviser Standards and Ethics Authority. FASEA has released the most recent exam statistics, which show 76% of advisers passed the October sitting. There ...

Exemptions to AFSLs explained by ASIC

ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
The Australian Securities and Exchange Commission (ASIC) has provided guidance to trustees of unregistered managed investment schemes in relation to whether they require an Australian financial services licence. The regulator stressed that a trustee ...

Advice for all could add $630bn to economy

JAMIE WILLIAMSON  |  WEDNESDAY, 25 NOV 2020
If all Australians were to receive financial advice and properly implement that advice, the economy would grow by $630 billion a year while Age Pension spending would go down by more than 20%, new research shows. Those are the key findings of a study ...

Zurich to pay super on parental leave

JAMIE WILLIAMSON  |  TUESDAY, 24 NOV 2020
Employees of Zurich Australia will have access to a new Family Care Policy, including paid leave for all circumstances related to growing their families and continuation of super contributions on unpaid leave. From December 21, the Family Care Policy ...

ASIC takes SMSF accountant to court

ANNABELLE DICKSON  |  TUESDAY, 24 NOV 2020
The Australian Securities and Investments Commission (ASIC) has commenced legal proceedings in the Federal Court against a Gold Coast-based SMSF accountant for failing to comply with an enforceable undertaking. Jenan Oslem Thorne, otherwise known as ...

Confusion over retirement income objectives

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
A growing chorus of industry stakeholders agree that the retirement income system lacks a clear objective, but the comprehensive government review found the industry cannot agree on what that should be. The Retirement Income Review report found the ...

Labor, unions, industry funds seethe

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
The opposition party, Industry Super Australia (ISA) and unions have criticised the Retirement Income Review and say the super guarantee (SG) must rise. Labor leader Anthony Albanese said the government is looking for excuses to break its promises. ...

Insurance in super is confusing: Consumers

JAMIE WILLIAMSON  |  FRIDAY, 20 NOV 2020
Consumers engaging directly with their super fund on insurance matters are often left confused and overwhelmed by the information provided and upset they cannot get guidance specific to their circumstances, an ASIC report shows. A third of unadvised ...

Underinsurance gap worsens: Research

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
The underinsurance gap has broadened compared to three years ago, new Rice Warner research finds. Over the last 18 months, a slew of government regulation as well as unforeseen circumstances have contributed to more Australians being underinsured. This ...