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Showing 621 - 630 of 1726 results for "Provisio"

AFA, FPA slam haste in ending grandfathered commissions

KRISTI CHENG  |  FRIDAY, 2 AUG 2019
The Financial Planning Association of Australia (FPA) and the Association of Financial Advisers (AFA) have both criticised the time frame given to phase out grandfathered commissions. Treasurer Josh Frydenberg announced earlier this week legislation ...

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
Corporate regulator ASIC is reinforcing the illegality of superannuation funds inducing employers and the serious consequences that come with breaching the new law. ASIC released Infosheet 241 on Wednesday, reminding trustees that influencing employers ...

Ban unsolicited life insurance sales: Poll

KARREN VERGARA  |  MONDAY, 29 JUL 2019
An overwhelming number of Financial Standard readers have backed corporate regulator ASIC's move to ban the unsolicited sales of life insurance. Ninety-four percent of participants, who voted in a spot poll conducted last week, said life insurance ...

Suncorp pressured on coal

ELIZABETH MCARTHUR  |  THURSDAY, 25 JUL 2019
Suncorp was hit with a shareholder resolution today demanding it reduce its investment and underwriting exposures to coal, oil and gas. Market Forces lodged the resolution on behalf of 100 Suncorp shareholders. Suncorp confirmed it has received the ...

FASEA exam was fair: Poll

KARREN VERGARA  |  TUESDAY, 16 JUL 2019
Less than a third of the financial advisers surveyed in Financial Standard 's spot poll found the inaugural FASEA exam questions difficult, while the majority said it was reasonable. Less than half (44%) of the survey participants said the questions ...

Super fund invests through RateSetter

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUL 2019
A superannuation fund has invested in renewable energy loans via peer-to-peer lender marketplace RateSetter. Future Super is investing $200,000 through the RateSetter platform to specifically fund renewable energy loans. RateSetter is a peer-to-peer ...

MLC faces class action over adviser fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUL 2019
IMF Bentham and William Roberts Lawyers will bring a class action against MLC's super fund trustee NULIS Nominees relating to excess fees charged to members for adviser commissions. IMF Bentham and William Roberts will allege NULIS breached its ...

ASIC to offer AFSL relief to overseas firms

HARRISON WORLEY  |  THURSDAY, 4 JUL 2019
ASIC has opened consultation on its proposal to scrap the need for foreign providers of funds management services to professional investors to hold an Australian Financial Services Licence. The corporate regulator released consultation paper 315, which ...

Reforms see super fees in flux

HARRISON WORLEY  |  MONDAY, 1 JUL 2019
The PYS package, effective today, has forced the sector to consider changes to fee structures and group insurance premiums. With the package set to cap the amount of fees that can be charged to low-balance members and divert low-balance accounts deemed ...

Aberdeen Standard hires retirement head

HARRISON WORLEY  |  THURSDAY, 20 JUN 2019
Aberdeen Standard Investments has moved to accelerate its shift to a major retirement solutions provider in Australia, appointing a former Ernst and Young wealth partner as head of retirement. The global asset manager recruited EY wealth management ...