Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 981 - 990 of 3211 results for "Choice"

Super funds grapple with PYSP deadline

KARREN VERGARA  |  FRIDAY, 10 MAY 2019
... are facing Steffanoni said include: Definitions of financial product and the requirement to apply to MySuper and bundled choice benefits individually; Application of fee caps to residual balances under $6000 after partial benefit payments; Interaction ...

SMSF wind-ups spike: ATO

ELIZABETH MCARTHUR  |  THURSDAY, 9 MAY 2019
... sector will remain a strong viable alternative for those who want to manage their own funds and maximise flexibility and choice or if they just don't trust big funds." The ATO collects data on SMSF wind-ups initiated by either trustees or as a result ...

Industry funds dominate AAA quality list

KARREN VERGARA  |  FRIDAY, 3 MAY 2019
One-in-four superannuation products have achieved Rainmaker's AAA quality benchmarks this year, the majority of which are provided by not-for-profit funds. Following an in-depth assessment of 750 superannuation products, only 174 or 23.2% received ...

APRA amends member outcomes standard

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... new law, super funds will have to annually assess and compare the appropriateness of product offerings for MySuper and choice products - including how each product promotes the financial interests of members. In revising SPS 515, super funds must undertake ...

ANZ boosts remediation team

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
... Currently ANZ's remediation provisions stand at $698 million, and according to chief executive Shayne Elliot, the bank has no choice but to "get on with it." "What we recognise is if you stand back and think about the environment, we've got a lot of ...

Super startup to relaunch

HARRISON WORLEY  |  TUESDAY, 30 APR 2019
... 5% Australian listed property, 10% Australian fixed interest, 10% international fixed interest and 10% cash. The second choice - a growth option - will see members increase their exposure to Australian and international equities by 5% each, with 5% each ...

Colonial First State removes funds

KANIKA SOOD  |  TUESDAY, 30 APR 2019
... by May 13 and start returning capital to investors. CFS has written to around 260 investors in these funds, offering the choice of switching to another investment option or receiving the proceeds as cash. These nine funds are still available on the CFS ...

Design and distribution law set to impact property funds

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
The Property Funds Association (PFA) has called the alarm on the Government's recent introduction of product design and distribution obligations that are set to impact unlisted property funds. PFA says that the new legislation could result in fewer ...

Members dismiss intra-fund advice: Poll

KARREN VERGARA  |  MONDAY, 29 APR 2019
... according to ASIC, is to provide simple, non-ongoing personal advice on the member's interest in the fund across MySuper and choice products. The cost of the advice is borne by all members of the fund. ASIC provides guidance on what types of advice a ...

APRA grants ADI licence to Judo Bank

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... delighted for the whole team at Judo Bank that they have passed this well-deserved milestone. It's great to see more choice for businesses in Australia with a new business bank." Another new institution awaiting a full ADI licence is 86 400. Robert ...