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

Search Results

Showing 81 - 90 of 1867 results for %22Product Review%22

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
Super funds are not doing enough to address duplicate member accounts, with an ASIC review forcing some trustees to remediate members. Under the Superannuation Industry (Supervision) Act 1993, super trustees must have processes in place to tackle multiple ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
... 2001. According to the Act, trustees should hold funds in a compliant account until a new or increased interest in a super product is issued. ASIC's review, however, found instances where funds weren't kept in suitable accounts, were not held for the ...

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... financial adviser levy freeze as it unveils recommendations that make minor changes to the industry funding model following a review. Assistant treasurer and minister for financial services Stephen Jones yesterday announced that he will not extend the ...

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... usual, the devil is in the detail," said Khouri. "And I hope that the legislation will be practical and provide us and product providers with adequate guidance."

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... cover managed investment schemes ; other industry bodies have lobbied for it to be included under its remit. "The Ramsay Review, which first recommended the compensation scheme in 2017, said the scheme should be scalable to include other financial products. ...

ISPT targets success with revamped leadership

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
... Meanwhile, Matthew Brown has been appointed group executive, head of funds management. He will be responsible for driving product innovation and delivering strong returns for investors. Brown joins from Charter Hall where he was head of office investment ...

Advance Asset Management ceases direct distribution

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2023
... distribution strategy. In a statement to Financial Standard, Mercer said the change in distribution strategy follows a recent review of the products and was deemed to be in the best interests of investors. It also said the decision is not related to ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... and tax benefits which are relevant and important factors considered when deciding to invest in a superannuation wrap product," AMP said. "It also fails to recognise the important role of advisers who help consumers make decisions about whether to invest ...

Super planning remains top adviser focus this EOFY: Podcast

CASSANDRA BALDINI  |  THURSDAY, 15 JUN 2023
... we'll accept a contribution in the days or the week leading up to that cut-off'," he explained. "So that's a product-based judgment that advisers need to be aware of when advising clients around the final contributions for this year." Shifting ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
The wealth management industry has broadly welcomed the bulk of the Quality of Advice Review recommendations Labor will prioritise, with many agreeing that the reforms will fix financial advice and ultimately benefit consumers. In releasing the first ...