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| | | ... restrained from despatching the bidder's statement in its current form. This morning, the panel confirmed it decided not to make the interim order and is "still considering whether to conduct proceedings." |
| | | | ... superannuation funds. "Applying an investment performance and fees test to externally directed products, where consumers make decisions with professional advice, and to retirement products, where outcomes depend on individual retirement circumstances ... |
| | | | ... misconduct of a tiny minority of advice businesses that have done the wrong thing." Advisers are now calling for the government to make significant changes to the CSLR scheme, with close to four in five (79%) urging to spread any special levy cost across ... |
| | | | Departing ASIC chair Joe Longo said the most effective way to tackle unscrupulous actors in lead generation activity would be to stop it at the source and ban all unlicensed communications. Speaking at the Financial Counselling Australia conference ... |
| | | | ... members and their families real peace of mind at a time when it matters most." Further, from July 1 members will be able to make non-lapsing binding death benefit nominations, the minimum timeframe for new events cover is reducing from 30 days to 10 ... |
| | | | The Reserve Bank of Australia (RBA) hiked interest rates by 0.25% at the May meeting, bringing the official cash rate to 4.35%. This hike has now fully reversed the 75bps of cuts delivered last year and the cash rate is now in-line with its peak during ... |
| | | | ... designation. "The recommendations would lead to a clearer, safer pathway for older Australians, enabling these people to make more effective aged care decisions," Abood said. "This is particularly critical as Australia's population ages - the proportion ... |
| | | | Openmarkets is expanding into private wealth, with plans to attract 50 financial advisers over the next three years. Openmarkets' private wealth advisory has onboarded several new advisers across Australia in the past 12 months as part of a strategic ... |
| | | | ... are really serious. We recognise and respect the really big contribution that older Australians have made and continue to make to our country and to our economy. But a lot of Australians, and particularly younger Australians, are finding it really difficult ... |
| | | | ... portfolios. "Yields are compensating investors for risk, and by being selective about where we invest, we're well-placed to make the most of this market environment for members," Sawtell-Rickson says. As a superannuation fund investing across the ... |
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