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Showing 611 - 620 of 2047 results for "Legislation"

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 ...

Ongoing fees, advice fees in super to be reformed

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
New draft legislation aims to increase obligations around charging ongoing fees for financial advice and outlaw advice fees charged by superannuation funds. On Friday, the government released consultation draft legislation to implement 22 recommendations ...

Regulators should face consequences for non-compliance: FSC

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
... APRA to face consequences for failing to cooperate with one another. In a submission to Treasury on exposure draft legislation for the Financial Regulator Reform (No.2) bill, the FSC said it generally supported the bill in its intention to compel ASIC ...

Stamping fees consultation kicks off

KANIKA SOOD  |  TUESDAY, 28 JAN 2020
... financial advisers could collect from putting clients into investment products such as unlisted trusts. However, the new legislation permitted advisers to continue collecting commissions on stock exchange-listed investment products - an exemption that ...

Government opens BEAR extension consultation

HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
... the FAR, with the government intending to consult on timeframes as part of the consultation on the exposure draft legislation. Consultation is open until February 14.

Your Super, Your Choice debate heats up

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
... Australian Institute of Superannuation Trustees aired some grievances about the planned Your Superannuation, Your Choice legislation. FSC chief executive Sally Loane said while the FSC broadly supports the new legislation it submits that the bill should ...