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Showing 671 - 680 of 2995 results for "Problem"

SMSF data misleading: BGL

ALLY SELBY  |  FRIDAY, 31 JAN 2020
... Despite the firm's cost revelations, BGL said it had no issue with ASIC and the ATO releasing the data. "BGL has no problem with ASIC and the ATO releasing data, but we think that data needs to be properly explained and needs to represent the real ...

Advisers still unclear on referral rules

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JAN 2020
... Financial Planning Association of Australia head of policy and standards Ben Marshan told Financial Standard : "I guess the problem is FASEA are not overly clear in how they communicate, and while their position on referral arrangements and referral ...

Former Wells Fargo chief banned for life

ALLY SELBY  |  FRIDAY, 24 JAN 2020
Former Wells Fargo chief executive John Stumpf has been banned from the banking industry and will cough up US$17.5 million for his role in the fake accounts scandal that has continued to rock the world's fourth largest bank since 2016. The Office of ...

The growing risk to financial advisers

ALLY SELBY  |  THURSDAY, 23 JAN 2020
... getting a license themselves; the regulatory requirements and compliance costs of maintaining the license would become the problem of the super fund instead." Whether it is a good or bad thing, he couldn't say, but Hutton argued either way it wouldn't ...

Your Super, Your Choice debate heats up

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
The Financial Services Council and the 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 ...

What people really think about life commissions

ELIZABETH MCARTHUR  |  TUESDAY, 21 JAN 2020
... multiple options when it comes to paying for financial advice." He added that the research shows consumers don't have a problem paying for their insurance through commissions, but they need to be educated on how those commissions work. "Advisers who ...

ISA slams ANU research as SG debate rears its head again

HARRISON WORLEY  |  MONDAY, 20 JAN 2020
... "substantially" depending on a members' income and the objective of the saving mechanism, with no "one-size-fits-all" answer to a problem which has plagued the industry for as long as it's existed. "A single SG rate is a blunt instrument being applied ...

Cbus head of advice launches firm

KANIKA SOOD  |  FRIDAY, 17 JAN 2020
The former head of advice of the $57 billion superannuation fund has launched a new consultancy firm aimed at working with super funds and dealer groups to develop better models of delivering advice. Greg Harper led Cbus's head of advice and retirement ...

Super fund rebrands

JAMIE WILLIAMSON  |  TUESDAY, 14 JAN 2020
... Szuster said. It wasn't a major issue, with the fund only receiving two or three of these calls each week. However, the problem was exacerbated last year when Mercer, ElectricSuper's administrator, won the mandate to provide admin services to ...

Index investment soars: Research

ELIZABETH MCARTHUR  |  TUESDAY, 14 JAN 2020
... active managers have had in beating their investment benchmarks," Rainmaker head of research John Dyall said. "Part of the problem, I believe, is an inability on the part of active managers to create a coherent narrative around active investing that ...