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Showing 621 - 630 of 2427 results for "NEC"

The trouble with best financial interests duty

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
The best financial interests duty reform has major loopholes and lacks guidance from regulators, leading to major confusion for superannuation trustees. The fourth element of the proposed Your Future, Your Super reforms should be abandoned, according ...

ASIC imposes licence conditions on Poynter Hargraves

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 FEB 2021
ASIC has hit AFSL Poynter Hargraves Financial Consultants with additional licence conditions, requiring it to remove its sole responsible manager. "This follows a targeted surveillance by ASIC that found Poynter Hargraves had poor risk controls around ...

ASFA calls for super fairness

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
The Association of Superannuation Funds of Australia (ASFA) has recommended the government remove the indexation of the transfer balance cap and to cap balances at $5 million to balance the system. In its pre-budget submission, ASFA focused its recommendations ...

Dealer group bolsters leadership

ELIZABETH MCARTHUR  |  MONDAY, 8 FEB 2021
One of Australia's largest privately owned financial advice dealer groups has made two key hires. Kevin Mayne and Lisa Ng are both joining Lifespan Financial Planning as national practice development managers. Mayne joins Lifespan after five years as ...

Chief economist update: NIRP embedded in BOE forecasts

BENJAMIN ONG  |  FRIDAY, 5 FEB 2021
The Bank of England (BOE) gave financial markets what they wanted and kept monetary policy settings unchanged - the bank rate at a record low 0.1% and QE at £895 billion - at its first Monetary Policy Committee meeting on February 4. It was hoping ...

Future Super, Verve accused of misleading members

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 FEB 2021
The House of Representatives Standing Committee on Economics has accused Future Super and Verve of misleading consumers who are unlikely to understand the funds' relationship to Diversa Trustees. During questioning, Liberal MP and committee chair ...

Chief economist update: Overvaluation tests FOMO and TINA trades

BENJAMIN ONG  |  MONDAY, 1 FEB 2021
Wall Street's down. Repeat, Wall Street's down! The CBOE VIX index - the fear gauge - jumped by 9.5% in the last trading day of the first month of 2021 to 33.09 points, marking the highest since the renewed COVID-19 outbreak in Europe that subsequently ...

Future Super chief executive to depart

ELIZABETH MCARTHUR  |  FRIDAY, 22 JAN 2021
The chief executive and co-founder of $1 billion ethical retail fund Future Super will depart at the end of February. Kirstin Hunter, who has been with the fund for four years, has announced she will be leaving despite recent promotions. Hunter joined ...

Jobs return to pre-pandemic levels

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
Payroll jobs had recovered to pre-COVID levels by early December 2020, according to figures released by the Australian Bureau of Statistics (ABS). ABS head of labour statistics Bjorn Jarvis said early to mid-December is a seasonal peak for jobs each ...

Chief economist update: Japan's second state of emergency

BENJAMIN ONG  |  TUESDAY, 19 JAN 2021
Japan may need to spend more to mitigate the expected slowing in consumption and business activity following the declaration of the second state of emergency. The worst of the pandemic appeared to have passed when Yoshihide Suga took over from Shinzo ...