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Showing 61 - 70 of 827 results for "Basic"

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
... Delivering Better Financial Outcomes (DBFO)- which was previewed earlier this week - is to allow super funds to provide basic financial advice, not to see a repeat of issues raised during the Royal Commission. Speaking to ABC radio, Jones said the problem ...

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... will create a new class of adviser "to provide safe and simple advice to Australia, such as choosing an insurance policy or basic questions about retirement." This new class of adviser will only be able to provide advice on products issued by prudentially ...

'But for' compensation methodology unfair: FAAA

KARREN VERGARA  |  FRIDAY, 29 NOV 2024
The methodology used to calculate compensation for victims of bad financial advice appears to factor in 'opportunity costs' and has drawn the ire of advisers, calling it "unfair" and "unsustainable" for the industry. The "but for" methodology ...

Top advisers champions in two key areas: Iress

MATTHEW WAI  |  THURSDAY, 21 NOV 2024
... measured in the Index survey. Compared to the benchmark, the top performing advice practices were 45% faster at producing basic SOAs, 48% faster at producing complex SOAs, 60% faster at producing strategy papers and 58% faster at producing review documents. ...

Bragg calls for Cbus to front Senate

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... "Obviously, we wouldn't use that power lightly, so it's something that we're still working through. But the basic point is that they are an organisation which receives enormous benefits by virtue of being a super fund. They need to explain ...

US election to add to inflation woes: Experts

ELIZA BAVIN  |  TUESDAY, 5 NOV 2024
... Cunningham said whoever comes out as the successful candidate will likely implement inflationary policies. "To the extent that basic economic tenants still apply in this odd economy, lower taxes (especially on personal income) tend to increase spending/capital ...

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... members is "not new, nor unreasonable". "It is ingrained in the best financial interests duty, and, more fundamentally, a basic requirement of an industry created to help members build savings for their retirement," she said. "Broadly speaking, many ...

Advisers must prioritise Conflicts Priority Rule: AFCA

KARREN VERGARA  |  MONDAY, 28 OCT 2024
After assessing a large volume of Dixon Advisory complaints, the Australian Financial Complaints Authority (AFCA) warned financial advisers of their responsibilities to manage conflicts of interest under the Conflicts Priority Rule. AFCA senior ombudsman ...

Cbus rolls out Advice Essentials Plus

KARREN VERGARA  |  MONDAY, 28 OCT 2024
... prohibitive," she said. "We're really pleased to have developed this offering to address that member need to expand basic advice to the household. It is a more realistic addressing of post-work life, of that intersection with Centrelink, and that ...

ACTU slams plans to Americanise the superannuation system

ANDREW MCKEAN  |  FRIDAY, 18 OCT 2024
... reach for most older adults. Nearly half of those aged 60 and over have household incomes below the level required to afford basic needs.