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Showing 681 - 690 of 3010 results for "Problem"

Retirement income review must focus on women: KPMG

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
... was significant room to increase gender equality in workforce participation rates, which would help solve much of the problem earlier in the process. "Our economists estimated that a halving of the gap between male and female participation would see ...

Super fee obsession must stop

KANIKA SOOD  |  TUESDAY, 4 FEB 2020
In one of the first submissions to the Retirement Income Review, the body for private market investors has urged the government to focus less on fees and consider the place for illiquid assets in MySuper. Citing APRA's heat maps as an example, the Australian ...

BetaShares calls for universal pension

ELIZABETH MCARTHUR  |  TUESDAY, 4 FEB 2020
BetaShares has proposed that Australia adopt a system that would provide a pension to everyone, funded by superannuation contributions. The proposal was made in the company's submission to the Australian Treasury as part of its consultation with market ...

ISA reaffirms stance on super guarantee

ELIZA BAVIN  |  TUESDAY, 4 FEB 2020
... many Australians, particularly women, are retiring without enough super and the increase to 12% is central to fixing the problem. "ISA analysis shows more than eight million Australians could be worse off in retirement if the super rate is cut, losing ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... services royal commission." Rice Warner's analysis stated that the quality of the disclosures is another contributor to the problem. "In other words, product statements have been largely unintelligible for laypersons. This has arisen in part due to the ...

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 ...