Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 781 - 790 of 2022 results for "Legislation"

Retirement income paper open for consultation

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
... flagged the upcoming release of the retirement covenant paper that opened for consultation yesterday. Future work on legislation will consider legacy products, safe harbours against CIPR management and lifetime engagement. Consultation is open until ...

Industry funds call for super shortfall reform

JAMIE WILLIAMSON  |  FRIDAY, 18 MAY 2018
... to discuss solutions," he said. The funds said the research indicates a design fault in the scope of the existing legislation, assuming the majority of Australian workers are employed in traditional, full-time employment and intend to remain in that ...

ASIC consults on advice code monitoring bodies

JAMIE WILLIAMSON  |  TUESDAY, 15 MAY 2018
... schemes for the incoming code of ethics that all financial advisers must adhere to. Under the professional standards legislation, the code of ethics developed by the Financial Adviser Standards and Ethics Authority (FASEA) will be enforced by ASIC-approved ...

Budget measures to drive up super costs

ALEX BURKE  |  MONDAY, 14 MAY 2018
... consultant Jonathan Steffanoni was similarly cautious about the implications of the changes, saying it will require legislation and may have a "significant impact across the design of many superannuation products." "Superannuation fund trustees should ...

Link Group loses $15bn industry fund mandate

ALEX BURKE  |  THURSDAY, 10 MAY 2018
... members administered by Link won't be visible until FY2020 and that super funds and members may take action ahead of any legislation being set in stone. "Link Group will continue to work with its clients and industry participants in relation to legislative ...

Federal government responds to white collar crime Senate inquiry

KANIKA SOOD  |  MONDAY, 7 MAY 2018
... taskforce in December. It has agreed to 29 of the recommendations and agreed -in-principle to the rest. It will amend legislation to increase the availability of infringement notices, ramp up civil penalties including allowing the maximum to be set by ...

Commonwealth Super signs technology partner

JAMIE WILLIAMSON  |  TUESDAY, 17 APR 2018
... schemes. It will also enable greater servicing of Australian Defence Force personnel entitled to benefits under ADF Cover legislation. Sonata's defined benefit capability was added just last month, with LGIAsuper signing on as the first client. "The ...

SMSFs investing restrictions unfair: Poll

KARREN VERGARA  |  MONDAY, 16 APR 2018
... place prior to 1 July 2017 will not be impacted," Howard said. Early this year, the Government released its draft legislation regarding taxation integrity measures for the superannuation system. The first concerns a member's share of the outstanding ...

ASIC fees to more than double

JAMIE WILLIAMSON  |  THURSDAY, 12 APR 2018
The cost of doing business with the corporate regulator has gone up under draft legislation supporting the new funding model for ASIC, released by Treasury yesterday. Under the draft reforms, the hourly rate charged by ASIC will more than double from ...

AFA responds to 'disappointing' PJC life insurance report

KARREN VERGARA  |  WEDNESDAY, 11 APR 2018
... the segment comprehensively addressed by FoFA, the Life Insurance Framework and more recently professional standards legislation, the AFA said. The PJC has fundamentally failed to compare the cost of insurance, quality of benefits, claims payment ratios ...