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Showing 7231 - 7240 of 28267 results for "NOT"

Law firm slams insurer mental health policies

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
... person's claim is only worth $1000 per month and the cost of treatment is comparable to the benefit being paid, it will not be profitable for insurers to rehabilitate the person," Snowden said. "It is likely they would only agree to assisting people ...

iProsperity accused of being a Ponzi scheme

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
... Cordis has asked Gu and Huang to hand over their laptops and phones so that the administrators can review emails and files not found in the iProsperity group's Sydney offices, but the two have not complied. In terms of the director's ability to pay ...

SG increase will impact wage growth: Lowe

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... there's a trade-off here. Do we want people to have the income now or do we want them to have it later on?" Lowe said he did not want to be involved in debating the options because it has the potential to be politically controversial. Additionally, Lowe ...

ERS will impact those who didn't access super: REST

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... the FINSIA Future of Super webinar, Doyle said there will be an impact felt from the ERS scheme on those individuals who did not access their super. "Our view is that we always hold a certain amount of cash, so we're liquid, but ERS was a surprise policy ...

Cash earnings fall, MLC sale pending: NAB

ALLY SELBY  |  FRIDAY, 14 AUG 2020
... interest rates, cost pressures and deteriorating asset quality," he said. "In navigating these near-term challenges, we have not lost sight of the need to invest for NAB's long term future." Compared with quarterly averages from the first half of the ...

ATO announces SMSF age limit changes

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... SMSF can accept certain contributions. For the 2020-21 financial year onwards, this applies to members over 67 years old but not 75 years old.

Advisers bolt to cash, gold

ANNABELLE DICKSON  |  FRIDAY, 14 AUG 2020
... alternative and when the interest rates are as low as they are at the moment, every basis point counts." While Vynokur said he does not have the visibility to see what clients are selling out of, hypothetically speaking he knows that clients are de-risking ...

Chief economist update: Second wave threatens an oil spill

BENJAMIN ONG  |  FRIDAY, 14 AUG 2020
... quarter results show crude oil prices have stabilised - WTI oil at an average of US$40.99/barrel and Brent at US$43.59....but not if the coronavirus pandemic could help it. The second waves doing the rounds in many countries - notably, close to home ...

Super fees hit record lows: Research

JAMIE WILLIAMSON  |  THURSDAY, 13 AUG 2020
... year on year. If we consider super assets as a share of gross domestic product, this converts to 1.6% of GDP. Looking at 93 not-for-profit funds, 68 retail offerings and seven eligible rollover funds, the average fee charged to members now sits at 1.04%. ...

Platform business in administration

KANIKA SOOD  |  THURSDAY, 13 AUG 2020
... discussions with creditors and shareholders." The shareholder who failed to meet its obligations under a subscription agreement was not named. Last year, Spitfire acquired platform and wrap provider Wealthtrac, which at the time was used by 6000 advisers ...