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Showing 781 - 790 of 2379 results for "Rule"

Super needs a clear objective: Cooper

HARRISON WORLEY  |  THURSDAY, 21 FEB 2019
... self-managed super sector. All participants came to agree that without a clear objective for superannuation, the constant rule changing that occurs in the industry will continue to be in the interests of other areas, not the retirement savings of Australians. ...

AFCA hears legacy complaints

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
... 12 months. AFCA will update its rules to reflect the changes. To this end it will run a limited consultation regarding the rule changes, which will have to be approved by the Australian Securities and Investments Commission (ASIC). AFCA chief ombudsman ...

Pay super fortnightly: ISA

HARRISON WORLEY  |  TUESDAY, 19 FEB 2019
The industry superannuation peak body believes retirement savers are losing millions in interest due to quarterly super contributions. Industry Super Australia is calling for changes to the laws governing superannuation contributions in Australia, arguing ...

Former ambassador assesses US-China trade deal

KANIKA SOOD  |  THURSDAY, 7 FEB 2019
A trade deal between US and China could end the uncertainty but it won't do anything to help the trade deficit, according to Capital Group vice chairman Michael Thawley. The former Australian ambassador to the US spoke at the Financial Standard ...

AFCA appoints new ombudsman

DARREN SNYDER  |  THURSDAY, 7 FEB 2019
The Australian Financial Complaints Authority will soon welcome its newest ombudsman, an appointment that will be dedicated to resolving disputes for small businesses including financial services firms. Joining AFCA from February 12 is Geoff Browne. ...

Wealth manager appoints former NSW Premier to chair foundation

HARRISON WORLEY  |  WEDNESDAY, 6 FEB 2019
A former NSW Premier will chair a foundation supported by an Islamic superannuation fund. Bob Carr has been appointed as chairman of Crescent Foundation, the charity supported by Islamic superannuation fund Crescent Wealth. The former New South Wales ...

ASIC enforcement must get tough: Commissioner

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
ASIC's enforcement arm must wrangle more muscle but it should be separated from the regulator's day-to-day dealings with its subjects, the Royal Commission final report said. Commissioner Kenneth Hayne said when ASIC identifies misconduct, its starting ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
Commissioner Kenneth Hayne took a hard-line against hawking superannuation products and the practices of "treating" employers in his final Royal Commission report. Hayne wants the hawking or unsolicited offer of superannuation products to be prohibited ...

Grandfathered commissions to be banned

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
Grandfathered commissions will be banned from 1 January 2021. Responding to the release of the Royal Commission's final report, Treasurer Josh Frydenberg has confirmed the payment of grandfathered commissions will be outlawed. Further, from 1 January ...

Chief economist update: La vita is no longer e bella

BENJAMIN ONG  |  FRIDAY, 1 FEB 2019
"When the moon hits your eye, like a big pizza pie, that's amore..." But Italians may not be in the mood for "amore", not when their economy - the third biggest in the Eurozone - is officially in a technical recession. La vita is no longer e bella! ...