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Showing 1 - 10 of 1473 results for "Recommended"

Actuaries Institute proposes new performance test measure

ANDREW MCKEAN  |  TUESDAY, 23 APR 2024
... any gaming in trustees classifying different fee types to pass the performance test," it said. The submission also recommended continuing to assess super fund fees in the test but suggested raising the representative member to $100,000 for non-platform ...

Vanguard backs current performance test

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
... the "differing nature" of choice members. Although not explicitly in scope for the performance test, Vanguard also recommended that the ATO YourSuper comparison tool should sort by fees, as it's "the only forward-looking measure" for consumers to compare ...

Senate Committee endorses Superannuation Objective Bill

ANDREW MCKEAN  |  WEDNESDAY, 3 APR 2024
The Senate Economics Legislation Committee has recommended the passage of the Superannuation (Objective) Bill 2023, marking its likely enactment. The Committee urged Parliament to prioritise passing the bill in a report released last week because of ...

Two more executives leave Morningstar

ELIZABETH FRY  |  THURSDAY, 21 MAR 2024
... Macquarie's national research manager whose responsibilities included research and management of managed fund recommended lists for financial advisers and investment committee membership. Morningstar is still seeking to replace Peter Warnes, who ...

ASIC bans Queensland financial adviser

ELIZA BAVIN  |  WEDNESDAY, 20 MAR 2024
... 2021 and January 2023, while an authorised representative and responsible manager of Octillion Partner Pty Ltd, Rose recommended six self-managed superannuation fund (SMSF) clients to invest their superannuation in a financial product. ASIC found that ...

Advisers flock to managed accounts, but are very selective

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
... exposure. But advisers are picky when it comes to which managed accounts they select. In the past year, advisers have recommended, on a median basis, 19 managed account models from 25 available on their approved product lists. With approximately 1100 ...

Sexism in the City: UK financial sector slammed

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2024
... victims and push them out of their jobs while perpetrators go unpunished is particularly concerning. The report has recommended banning the use of NDAs in sexual harassment cases and suggests introducing stronger protections for whistleblowers in such ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... recommendations with the aim of not creating new or exacerbating existing intergenerational equity issues. It has therefore recommended older people make a co-contribution to the cost of their aged care based on their means, noting the superannuation ...

RBA appoints operations chief

KARREN VERGARA  |  TUESDAY, 27 FEB 2024
... decision-making. She will work closely with governor Michele Bullock as the RBA continues to implement the changes recommended by the recent review. Woods is currently the part-time chair of Note Printing Australia. Before joining the RBA in 2018, Woods ...

ASIC waves red flag at advisers, trustees over Choice products

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... to why it was appropriate to remain in the product and no acknowledgement that it underperforms. Of them, seven had recommended 100% of the client's super be invested in the underperforming product. ASIC also said many of the advice files reviewed showed ...
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