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Showing 8751 - 8760 of 28277 results for "NOT"

FASEA chief unaware of dwindling adviser numbers

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2019
... next year or so as an unreasonable approach to valuing CPD and industry experience kicks in," Stoker said. "Tell me, is it not the case that the profession is losing around 6.4% of financial advisers a quarter?" Glenfield took the question on notice ...

AFCA delivers $185m in compensation

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... to hear from people who are dissatisfied with the way their financial firm has handled their complaint. These matters have not been resolved internally by financial firms and so the individual then brings their complaint to AFCA," AFCA chief executive ...

Super investment menus not what they seem: Rice Warner

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... funds have traditionally offered relatively simple investment menus to accommodate the vast majority of their members who do not actively engage with the fund around investment choice," Rice Warner said. "By contrast, retail superannuation funds typically ...

Adviser tampered with MySuper

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... commissions to financial advisers. Tran's business, Futura Financial Group, sent 424 letters to clients telling them if they did not respond within 30 days their accrued super in the default would not be moved to the MySuper product. After that, he sent ...

Cbus chief opposes default longevity requirements for CIPRs

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
... considered while they were consulting. "This would impact our ability to tailor products to member needs," he said. He is not in favour of this approach because Cbus members have lower life expectancy compared to general population and retire earlier ...

ASIC called out over super fund disclosures

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
... provide "legal certainty" about the first reporting day, given that the regulations setting out the required disclosures have not yet been made. Taking to Twitter, Cooper said: "How many free kicks can the super industry get? This was, I might remind ...

Chief economist update: Fed pause could be a short one

BENJAMIN ONG  |  FRIDAY, 1 NOV 2019
... September from 1.4% in the previous month; the core PCE price inflation rate decelerated to 1.7% from 1.8% over the same period. Not only that, inflation expectations - as measured by the yield differential between 10-year Treasuries and Treasury Inflation ...

Industry fund offers bonus on income streams

KANIKA SOOD  |  THURSDAY, 31 OCT 2019
... fund's modelling suggests 70% of its members are on track to retire with adequate retirement savings, while the other 30% are not. The fund's member base of primarily construction workers faces many challenges in retirement: more than half don't ...

Link Advice partners with $12bn super fund

HARRISON WORLEY  |  THURSDAY, 31 OCT 2019
Link Advice signed a deal to support the in-house telephone financial advice services of a $12 billion superannuation fund. Link Advice has partnered with LGIAsuper as the fund aims to meet increased demand for financial planning services. According ...

RI Advice faces ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2019
... ASIC said. The regulator is alleging RI Advice was aware, or should have been aware, there was a substantial risk Doyle was not complying with his legal obligations and was repeatedly recommending the products and bypassing compliance requirements. At ...