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Showing 1 - 10 of 39 results for "Moneysmart"

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 ...

Intra-fund advice must improve: Rice Warner

HARRISON WORLEY  |  WEDNESDAY, 4 SEP 2019
... calculator on their public website. "Of the funds that do, about one fifth of those redirect the member to ASIC's MoneySmart calculator instead, losing the opportunity to engage their members," Rice Warner said. It warned the next 12 months pose ...

Grattan SG claims slammed by industry bodies

HARRISON WORLEY  |  THURSDAY, 11 JUL 2019
... better off in retirement. "This will boost retirement income from $38,900 a year to $40,950 a year according to ASIC's Moneysmart calculator, an increase of 5.3%," ASFA said. Industry Super Australia also hit out at Grattan, and said the institute had ...

Super calculators to align with MoneySmart

HARRISON WORLEY  |  THURSDAY, 6 JUN 2019
... to require providers to adjust for inflation in their estimates by using the same inflation rate used by ASIC's own MoneySmart calculators. The requirement will see providers use either the default interest rate - as set by MoneySmart - or an alternative ...

Regulators unite for life insurance transparency

HARRISON WORLEY  |  FRIDAY, 29 MAR 2019
... According to the data, 92% of overall claims are paid in the first instance. At the same time, ASIC released a new MoneySmart life insurance claims comparison tool, to help consumers "make more informed decisions," by outlining the claim acceptance rates ...

ASIC offers fee relief to drought-affected farmers

HARRISON WORLEY  |  TUESDAY, 2 OCT 2018
... free financial counselling was available to farmers and related small businesses struggling with debt, through ASIC's MoneySmart website. ASIC added anybody struggling with debt could also call the free National Debt Hotline on 1800 007 007. Meanwhile ...
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