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Showing 771 - 780 of 4511 results for "Cover"

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
Five AMP companies will pay $14.5 million for charging close to 1500 superannuation members fees for no service over the course of about three years. The Federal Court handed the fine to AMP Superannuation, AMP Financial Planning, Charter Financial ...

Link rejects latest Dye & Durham proposal

ANDREW MCKEAN  |  MONDAY, 19 SEP 2022
... However, this was subject to a condition that Dye & Durham committed to making funds available to meet any shortfall to cover potential redress payments resulting from Link Fund Solution's involvement in the Woodford saga. On September 18, Link Group ...

Inconsistencies across RIC strategies: Mercer

ANDREW MCKEAN  |  FRIDAY, 16 SEP 2022
Mercer analysis of publicly available retirement income strategy summaries shows a great disparity between super funds' approaches. Under the requirements of the Retirement Income Covenant, trustees set out how they'll help members with their retirement ...

UK regulator flags big redress bill likely for Link

JAMIE WILLIAMSON  |  WEDNESDAY, 14 SEP 2022
... with the LF Woodford Equity Income Fund. The FCA said it would only approve the takeover if Link made available funds to cover any redress payments Link Fund Solutions might be required to make following the mismanagement of the Woodford fund. In June ...

APRA to modernise regulatory frameworks

ANDREW MCKEAN  |  TUESDAY, 13 SEP 2022
APRA has outlined plans for its multi-year program to modernise the architecture of prudential standards for banks, insurers, and super funds. The program, which commenced last year, is intended to ensure the framework continues to underpin financial ...

Aussie farmland sees significant growth: ANREV

CHLOE WALKER  |  MONDAY, 12 SEP 2022
Farmland in Australia has returned 10.21% on a 12-month rolling basis, generating 6.32% income and 3.70% capital growth, according to the latest quarterly Australian Farmland Index compiled by the Asian Association for Investors in Non-Listed Real Estate ...

CSLR legislation tabled, advice sector responds

ANDREW MCKEAN  |  FRIDAY, 9 SEP 2022
The government has advanced its commitment to establish a Compensation Scheme of Last Resort (CSLR), releasing for consultation exposure draft regulations. The CSLR will facilitate the payment of compensation of up to $150,000 to eligible consumers ...

Maxcap names director, direct investment

CHLOE WALKER  |  FRIDAY, 9 SEP 2022
Melbourne-based Steve So has been named as the real estate financier's new director, direct investment. Reporting to Maxcap head of direct investment Simon Hulett, So's new role will see him lead the creation and execution of new equity product strategies ...

BetaShares to list new fund

JAMIE WILLIAMSON  |  THURSDAY, 8 SEP 2022
The NASDAQ 100 Yield Maximiser Fund (QMAX) is expected to be the first on the ASX offering a 'buy-write' strategy over the NASDAQ-100. BetaShares said it will soon launch the new fund, which is expected to offer income exceeding the dividend ...

Challenger offers new fixed term annuity

CASSANDRA BALDINI  |  THURSDAY, 8 SEP 2022
... by the performance of the share market. It added that investors can expect regular, guaranteed annual payments as well as cover estate planning by nominating beneficiaries. Challenger's chief customer officer Stuart Kingham said the offering is potentially ...