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Showing 811 - 820 of 7367 results for "System"

ASFA pushes for tax redistribution to benefit low-income workers

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
... contributions from those with substantial superannuation balances can help foster a more balanced and equitable retirement system. "Division 296 and Division 293 aren't just measures aimed removing tax concessions for those with high super balances - ...

Industry demands action to stop abusers claiming victims' super

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
... unified in its conviction that victims of family violence shouldn't be further victimised through the misuse of the system. "The reforms we are calling for will be a critical step towards ensuring that people's superannuation is protected and ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
Mercer Superannuation Australia has been slapped with a whopping $11.3 million penalty by the Federal Court on the back of an ASIC-led greenwashing investigation. Mercer was found to make misleading statements on its website about seven Sustainable ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
The founder and former chief executive of wealth management firm United Global Capital, Joel Hewish, has been slapped with a 10-year ban from providing financial services. Hewish, who is also prohibited from holding any role within a financial services ...

ASIC proposes cash equity clearing and settlement rules

ANDREW MCKEAN  |  TUESDAY, 30 JUL 2024
ASIC has released a consultation paper on proposed rules to facilitate competitive outcomes in cash equity clearing and settlement (CS) services provided by the ASX Group. The corporate regulator's release of the consultation paper marks the first exercise ...

WTW retirement solutions lead steps down

KARREN VERGARA  |  MONDAY, 29 JUL 2024
... LinkedIn. Callil is currently on the board of the Association of Superannuation Funds of Australia (ASFA) and sits on its Super System Design Policy Council. He is also an adjunct fellow of Macquarie University's Applied Finance Centre. "Over my ...

Advisers encouraged to engage with clients' kids

ELIZA BAVIN  |  MONDAY, 29 JUL 2024
... to lifetime income solutions and financial advice, improved financial literacy at all ages, and a simplified retirement system," he said. "Most importantly this confidence could improve their quality of life in retirement, but it could also be a catalyst ...

More than 11k businesses call in administrators

MATTHEW WAI  |  FRIDAY, 26 JUL 2024
ASIC's annual insolvency data shows more than 11,000 companies entered external administration for the first time last financial year. While the figure is higher than previous peaks in 2011-12 and 2012-13, ASIC clarified that there are more businesses ...

CalSTRS creates Total Fund Management division

ANDREW MCKEAN  |  FRIDAY, 26 JUL 2024
The California State Teachers Retirement System (CalSTRS) has established a Total Fund Management division, according to its latest Investments Branch business plan. CalSTRS chief investment officer Scott Chan, who took on the role this month following ...

Treasury releases M&A draft reforms

ELIZA BAVIN  |  THURSDAY, 25 JUL 2024
... consumers, and provide greater certainty by streamlining the approval process. The government is looking to create a risk-based system that will be better targeted and the ACCC will be better equipped to identify acquisitions that are most likely to ...