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Showing 891 - 900 of 2078 results for "Apply"

Colonial First State removes funds

KANIKA SOOD  |  TUESDAY, 30 APR 2019
... simplicity," CFS acting executive general manager Kelly Power said. Fee cuts On April 18, CFS also announced fee reductions to apply across its FirstChoice Wholesale, FirstChoice Employer Super and FirstWrap Plus platforms. They are effective from June. ...

Design and distribution law set to impact property funds

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
... on April 5. It applies product intervention power immediately and says that the design and distribution obligations will apply from 5 April 2021. PFA chief executive Paul Healy said that the passing of the Act is disappointing to many unlisted retail ...

MLC Life Insurance reviews terms and definitions

KARREN VERGARA  |  FRIDAY, 26 APR 2019
... updates to its definitions and terms across three brands. Changes to TPD, critical illness and income protection covers will apply to MLC Insurance, MLC Insurance (Super) and MLC Insurance (wrap or SMSF) policies for new and existing customers, having ...

Chief economist update: Lock in two RBA rate cuts

BENJAMIN ONG  |  FRIDAY, 26 APR 2019
The stats are out and it reveals that Australian consumer price inflation has softened... big time. There's no other option for the Reserve Bank of Australia (RBA) to cut interest rates soon and twice. The Australian Bureau of Statistics' (ABS) ...

HESTA joins ESG social media fight

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
The $50 billion industry superannuation fund has joined a high profile group of international investors applying pressure to social media giants following the Christchurch terror attacks. HESTA announced it joined the campaign to force social media ...

Colonial First State makes major fee cuts

KANIKA SOOD  |  THURSDAY, 18 APR 2019
... trimmed its platforms fees, in a move it says will save $68 million in annual fees for 500,000 members. The fee reductions apply across its FirstChoice Wholesale, FirstChoice Employer Super and FirstWrap Plus platforms. They are effective from June. ...

ASIC targets misleading member communication

KARREN VERGARA  |  WEDNESDAY, 17 APR 2019
ASIC warned it may take action on superannuation funds that send misleading communication to members about inappropriate fees and insurance premiums. The warning comes in light of the Protecting Your Super package (PYSP) reforms, which are due to take ...

NPP chair breaks down rollout

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
Former Commonwealth Bank and Westpac chief information officer Bob McKinnon is tasked with the tough job of chairing the New Payments Platform (NPP) through its rollout. McKinnon was made chair at the end of January this year. In March, the RBA revealed ...

CBA, ASIC move to resolve AFSL conditions

KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
... throughout the review to $9.3 million. The initial action stems from Commonwealth FP and Financial Wisdom's failures to apply review and remediation processes consistently to customers of 15 financial advisers, disadvantaging some customers. The additional ...

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
... comply with the new provisions face civil or criminal penalties. In the event of a civil penalty contravention, ASIC can apply for a court order. If the court finds that a trustee has contravened civil penalty provisions, it can be slapped with a fine ...