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Showing 8321 - 8330 of 28277 results for "NOT"

HESTA hikes default insurance cover

KANIKA SOOD  |  THURSDAY, 13 FEB 2020
... make a choice -- includes two units of the income protection (IP) to age 67 and two units of death cover to age 75. It does not include total permanent disability cover (TPD). Effective April, the cost of IP will go up, while the cost of death cover ...

Former Macquarie adviser cops lifetime ban

ALLY SELBY  |  THURSDAY, 13 FEB 2020
... transferred $185,000 between the client's accounts without authority." ASIC argued that, based on this conduct, "Acworth is not of good fame and character to provide financial services". Acworth has also previously been licensed by UBS Asset Management ...

Industry butt heads over super guarantee

ALLY SELBY  |  THURSDAY, 13 FEB 2020
... of contributions from savings for retirement." However, the Actuaries Institute argues voluntary contributions are usually not enough. "History shows that voluntary saving decisions made by households are generally inadequate," it said. Self-employed ...

AustralianSuper secures corporate mandate

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
Australia's largest super fund is the new default superannuation provider for an ASX 200 company with over 1200 employees. AustralianSuper Select is now the default fund for McMillan Shakespeare Group, effective February 1. McMillan Shakespeare ...

De Ferrari unaware of legal action

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
AMP chief executive Francesco De Ferrari has said he is not aware of any impending legal action in relation to the group's financial advice business. Speaking to media after the release of the group's financial results, De Ferrari said that while he ...

Chief economist update: Australians not confident enough

BENJAMIN ONG  |  THURSDAY, 13 FEB 2020
Latest surveys show an improvement in Australian consumer and business confidence despite concerns over the impact of the bushfires, floods and the coronavirus. The Westpac-Melbourne Institute Index of Consumer Sentiment rose 2.3% to 95.5 in February ...

Tough times continue for AMP

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
... and AMP Bank were the only two arms of the business that experienced growth, despite some of this offset the board decided not to declare a final dividend. AMP chief executive Francesco De Ferrari said 2019 was a year of "fundamental reset" at AMP. "We ...

QSuper member drags board to court, loses

KANIKA SOOD  |  WEDNESDAY, 12 FEB 2020
... from major depression and was supported with a report from a psychiatrist. The QSuper trustee in August 2011 said Chapman was not totally and permanently disabled. When Chapman appealed to the trustee to review its decision, he was asked to attend a ...

Industry fund introduces new fee

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... will be reducing its administration fee from 0.40% to 0.20% per annum with the $52 per year administration fee remaining and not included in the fee cap. In addition to dropping the administration fee, the fund will introduce a new "management fee" that ...

AMPFPA action progresses, associations merge

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2020
... attend, Macdonald said Corrs is "pretty close" to finalising its case, predicting the action will be filed later this month, if not early next. "They're speaking to the advisers who have expressed interest to quantify their losses and I think it ...