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Showing 51 - 60 of 217 results for %22Fair Work Commission%22

What you read in 2019: Superannuation

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2019
... more than 249,000 members and 24,000 employers. Meanwhile, First State Super oversees $91 billion in asset for members who work in the teaching, nurse and carer community. Earlier this month, the two funds confirmed the merger will go ahead, effective ...

MySuper heat map lauds industry funds

HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
... insurance for example - the heat map was serving its purpose for the regulator by benchmarking funds following the Royal Commission and final Productivity Commission report. "There are funds that have high fees, low nominal returns and low sustainability. ...

Non-compliant personal advice rife at super funds: ASIC

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
Just 49% of the files looked at by ASIC as part of its review of financial advice provided by super funds were found to be compliant with best interests duty. Reviewing the personal advice provided by 21 super funds, ASIC's Report 639: Financial ...

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... believed was often misguided," she explained. "It is the role of regulation and legislation to ensure that members are getting fair value for money, rather than relying on members' ability to compare funds through disclosure."

ASIC prepares to be primary super conduct regulator

ELIZABETH MCARTHUR  |  THURSDAY, 12 SEP 2019
... task," he said. "It also demonstrates that we will continue to use all of the regulatory tools at our disposal to deliver a fair, safe and efficient financial system for all Australians."

AFCA ombudsman addresses adviser concerns

KRISTI CHENG  |  TUESDAY, 10 SEP 2019
... be in accordance with the Rules in force at the time a complaint is received, which include our obligation to do what is fair in all the circumstances." "Taking this into account, we will assess the conduct of the financial firm in light of the law ...

ASIC to crack down on platform fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 AUG 2019
... governance but some don't. It's slowly tightening up." Bignill believes ASIC is working out which models in the industry work well for clients and which don't - he described the correspondence Mason Stevens has had with ASIC as "worthwhile". "I think ...

Sam Henderson cops ASIC ban

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... ASIC said. One example of poor advice highlighted during the Royal Commission was that of Henderson repeatedly pushing Fair Work commissioner Donna McKenna to establish a self-managed superannuation fund to be managed by his practice. She refused but ...

Increasing SG costly for middle Australia: Grattan

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
... and the Parliamentary Budget Office." It is also the position held by Paul Keating, Bill Shorten and the Fair Work Commission in 2013. The Australian Institute of Superannuation Trustees head of advocacy Ailsa Goodwin said adjusting the taper rate is ...

Minimum wage rises by 3%

HARRISON WORLEY  |  TUESDAY, 4 JUN 2019
Australia's minimum wage is set to rise by 3%. The Fair Work Commission has determined Australia's national minimum wage (NMW) will increase by 3% to $19.49 per hour. Effective from the first full pay period starting on or after July 1, the increase ...