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Showing 1 - 10 of 44 results for "MoneySmart"

YFYS recommendations not enough: AIST

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
... longer-term investment, is consistent with the recommendation in our submission to Treasury and the time periods used on the MoneySmart website and product dashboards for MySuper products," Scheerlinck said. "Although applying the test to trustee-directed ...

New rules on the way for BNPL sector

JAMIE WILLIAMSON  |  TUESDAY, 22 NOV 2022
... taken, the government would also look to improve users' financial literacy, with greater educational content on the Moneysmart website, Money Managed website, and through Commonwealth Financial Counselling. Further, the ASIC funding model would need ...

ASIC considering more action on Sterling collapse

KARREN VERGARA  |  MONDAY, 14 FEB 2022
... Treasury already invest a considerable amount in financial literacy and consumer awareness work, including through Moneysmart. However, we are reviewing the financial literacy material in light of the committee's report, in particular in relation ...

La Trobe fined for misleading investors

ELIZABETH MCARTHUR  |  MONDAY, 29 NOV 2021
... ever suffered any loss of principal in any of the Credit Fund accounts referred to in ASIC's claim." ASIC's MoneySmart website defines a capital stable fund as: "A fund that invests across a range of asset classes but with a significant portion ...

Commonwealth Financial Planning to shutter

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
... referred to AIA Financial Wellbeing. Those who do not wish to move over to AIA are being advised to check ASIC's MoneySmart website to search for a financial adviser. CBA branches will also be suggesting AIA Financial Wellbeing to customers looking ...

ASIC cracks down on binary options

ELIZABETH MCARTHUR  |  THURSDAY, 1 APR 2021
... hits a certain level within a certain timeframe. There is also counterparty risk in binary option trading, with ASIC's MoneySmart noting in instances where the provider becomes insolvent the investor might not get their money back. "Determine the true ...

ASIC takes action against La Trobe Financial

ELIZABETH MCARTHUR  |  MONDAY, 21 DEC 2020
... newspapers, magazines, television and radio, and on the firm's website from 1 April 2017 to the present. ASIC's MoneySmart website defines a capital stable fund as: "A fund that invests across a range of asset classes but with a significant portion ...

APRA, ASIC release life insurance stats

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... claims and disputes, demonstrating the difference financial advisers make when it comes to TPD and trauma claims. ASIC's MoneySmart life insurance claims comparison tool has been updated with the latest data. The tool compares insurers across cover types ...

ASIC slammed over SMSF data

ANNABELLE DICKSON  |  WEDNESDAY, 5 AUG 2020
... "The challenge I have as chair of this committee and as a parliamentarian holding ASIC to account is if you go to the MoneySmart website, it still has today that the average cost of running SMSF is $14,879. That misinformation is still out there," he ...

ISA, ME Bank issued please explain

ELIZABETH MCARTHUR  |  MONDAY, 11 MAY 2020
... that an early withdrawal of $20,000 by a 30-year-old could mean missing out on $97,214 in retirement. Meanwhile, ASIC MoneySmart said $20,000 for a 30-year-old might amount to $43,000 by retirement and Super Consumers Australia put the figure at just ...
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