Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 6591 - 6600 of 18128 results for "superannuation"

Centrepoint bumps up advice litigation provision

KARREN VERGARA  |  MONDAY, 2 JUL 2018
... year. ASIC found Rao advised a client to obtain financial assistance by withdrawing funds from their self-managed superannuation fund when it wasn't permitted by law or the SMSF's trust deed.

Wealth firms merge for growth

JAMIE WILLIAMSON  |  MONDAY, 2 JUL 2018
... employees offered roles within the newly merged Morrows; a family office, accounting, wealth creation, legal and superannuation specialist. Morrows will now house an experienced auditing division while MSI Ragg Weir can now access strong financial planning ...

Catholic Super backs Modern Slavery Act

KANIKA SOOD  |  FRIDAY, 29 JUN 2018
The $9.3 billion superannuation fund's chief executive backed the anti-slavery bill introduced in the parliament yesterday. Catholic Super chief Frank Pegan said the fund is working on measures to slavery-proof its supply chain. "One tool we are ...

Prominent executive links with VFMC board

HARRISON WORLEY  |  FRIDAY, 29 JUN 2018
... Advisors, will help us grow our world class capital and risk platforms," Moshal said. Separately, Australia Post Superannuation Scheme's head of investments Ezinne Udeh Martinez recently joined the $60 billion VFMC, linking as a portfolio strategist. ...

ASIC slams SMSF advice, flags further education reform

JAMIE WILLIAMSON  |  FRIDAY, 29 JUN 2018
... for financial advisers in a damning report showing 90% of financial advice provided in establishing self-managed superannuation funds is non-compliant. Reviewing 250 client files from 102 different AFSLs, ASIC found 91% of files contained financial advice ...

CIPR framework timely but questions remain

KARREN VERGARA  |  THURSDAY, 28 JUN 2018
... expectations regarding "proportional" guidance is clearly articulated, especially if this principle is embedded in the Superannuation Industry (Supervision) Act. Rice Warner added CIPRs should be a component of a default retirement strategy; trustees ...

Former NAB, AMP adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 28 JUN 2018
... Cowper had recommended gearing strategies when clients could not afford them. He also recommended clients switch superannuation funds without providing sufficient detail in the Statement of Advice (SoA) for the clients to make informed decisions. Finally ...

Unintended consequences for opt-in insurance: KPMG

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
... insurance premiums are set to rise if the Federal Government implements proposed changes to default insurance in superannuation, according to KPMG. The firm's latest research forecasts a 50% reduction in group life insurance cover as a result of the ...

ESG reporting strong through 2017: ACSI

OSKAH DUNNIN  |  WEDNESDAY, 27 JUN 2018
... governance (ESG) policy frameworks and sustainability targets in 2017, according to the latest Australian Council of Superannuation Investors (ACSI) report. ACSI's annual review of corporate sustainability reporting in Australia shows a 5% increase in ...

Wealth fintech partners with Milliman

KANIKA SOOD  |  WEDNESDAY, 27 JUN 2018
... Wealth operates as software as a service (SaaS). The funds are held by clients like banks, insurance companies, and superannuation funds. Ignition doesn't hold any funds. The company says it currently reaches 4.3 million Australian customers.