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Showing 731 - 740 of 4367 results for "Press"

MLC Life enhances income product range

ANDREW MCKEAN  |  WEDNESDAY, 29 JUN 2022
MLC Life Insurance has made improvements to its Income Assure and Income Assure+ products following adviser feedback. As a response to cost-of-living pressures, MLC has afforded customers the option to 'inflation proof' their cover to ensure ...

Former adviser charged over faked books

CHLOE WALKER  |  TUESDAY, 28 JUN 2022
... including that he did so while licensed under two different groups. Commenting on the sanction, ASIC commissioner Danielle Press said: "Financial advisers have a critical role to play in helping consumers make confident and informed decisions about financial ...

Performance test comms criticised

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
... representative body, so our concerns were communicated more generally throughout the industry," ASIC said. ASIC commissioner Danielle Press said the performance test supports transparency of product performance for members so they can make more informed ...

RBA spotlights inflation risk of higher wages

ANDREW MCKEAN  |  WEDNESDAY, 22 JUN 2022
Minutes from the Reserve Bank of Australia's June board meeting revealed a risk of persistently high inflation as employees demanded a rise in wages to combat living costs. The minutes stipulated that should expectations of higher inflation become ...

Life Code update expands consumer protections

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
The latest iteration of the Life Insurance Code of Practice features more than 50 new consumer protections, including a ban on blanket mental health exclusions and greater limits on surveillance. The updated Code follows consultation with industry ...

Mercer appoints sustainable investment leader

CHLOE WALKER  |  TUESDAY, 21 JUN 2022
Rebecca Mather has been appointed to the role of sustainable investment leader, Pacific, following the departure of former executive Alexis Cheang. Cheang's previous role as acting global business leader, sustainable investment has now been split into ...

Advice requirements confusing, complex: JAWG

ANDREW MCKEAN  |  TUESDAY, 21 JUN 2022
The Joint Associations Working Group has told the Quality of Advice Review to reduce compliance burdens and to enable the delivery of affordable, accessible advice to more consumers. In a statement, the collective of professional associations called ...

Clear up uncertainty: AFA, FPA

JAMIE WILLIAMSON  |  FRIDAY, 17 JUN 2022
Both the Association of Financial Advisers (AFA) and the Financial Planning Association of Australia (FPA) have used their submissions to the Quality of Advice Review to call for regulatory certainty. Releasing their submissions yesterday, both industry ...

Australian firms spend 3.6bn on financial crimes

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
A new study has shown that Australian financial service companies are expected to spend more than $3.6 billion on financial crime compliance in 2022. Yesterday LexisNexis Risk Solutions released the first Australian edition of its true cost of compliance ...

Fair Work Commission raises minimum wage 5.2%

CASSANDRA BALDINI  |  WEDNESDAY, 15 JUN 2022
The Fair Work Commission has today announced a 5.2% increase to the minimum wage which will come into effect from July. The Fair Work Commission has announced that the new minimum wage will be $812.60 per week or $21.38 per hour. The commission panel ...