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Showing 911 - 920 of 5393 results for "Federal"

AMP reduces super fees

JAMIE WILLIAMSON  |  MONDAY, 20 SEP 2021
... critical to helping them to make good decisions in order to meet their retirement goals." The fee changes come as AMP faces Federal Court over fees for no service charged on corporate super accounts between 2015 and 2019. It is alleged the misconduct ...

FSC suggests CSLR improvements

KARREN VERGARA  |  MONDAY, 20 SEP 2021
... of advice failures for the CSLR is likely to be $59.2 million, significantly higher than the $8 million forecast by the federal government, once Black Swan events, such as a financial crisis, are considered. The FSC therefore recommends that ASIC introduces ...

Criminal charges filed against CBA

ELIZABETH MCARTHUR  |  FRIDAY, 17 SEP 2021
... available. ASIC referred the matter to the Commonwealth Department of Public Prosecutions, which will prosecute the case in the Federal Court. The alleged conduct from CBA that is the subject of these charges was revealed during the Royal Commission ...

ME Bank faces criminal charges

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
ME Bank has appeared in Federal Court, facing criminal charges for allegedly making false and misleading representations in letters to its home loan customers. It is also alleged that the bank failed to provide written notice about annual interest rate ...

ATO will not pursue erroneous JobKeeper payments

KARREN VERGARA  |  MONDAY, 13 SEP 2021
... revealed that over one million businesses received nearly $89 billion in JobKeeper payments, a wage subsidy introduced by the federal government for businesses that struggled financially at the onset of the coronavirus pandemic. The Senate Economics ...

Economic recap: Week to September 10

BENJAMIN ONG  |  MONDAY, 13 SEP 2021
... next year." That's about as clear as any central banker could put it. This is also a clear departure from former US Federal Reserve chair Alan Greenspan's double talk. Recall his words way back when: "I know that you believe you understand what ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
The Federal Court has found Colonial First State misled members of its FirstChoice Fund on at least 12,978 occasions over nearly two years in relation to switching to its MySuper product. The court found CFS's communication (via letters and calls) ...

Morningstar business development lead to exit

JAMIE WILLIAMSON  |  WEDNESDAY, 8 SEP 2021
... accounts. In total, he's spent almost 14 years with Morningstar, having first joined in December 2007 after six years with the Federal Reserve Bank of Chicago. The spokesperson said Winter has successfully grown and led a high-performing sales team since ...

Family law super reform passes

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
... announced in late 2018 and due to take effect from July 2020. At the time, the delay was put down to "vagaries" of the federal system. The exposure draft legislation was later released in June. Industry Super Australia (ISA) welcomed the leglisation ...

Occupational exclusions under scrutiny

KARREN VERGARA  |  FRIDAY, 3 SEP 2021
Occupational exclusions in group insurance are under the microscope as the federal government reviews their fairness and appropriateness. Senator Jane Hume has opened consultations for the review until October 14, aiming to find solutions to problems ...