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Showing 1 - 10 of 100+ results for "Reliance"

Use of cryptos to boom in 2022: Research

JAMIE WILLIAMSON  |  FRIDAY, 21 JAN 2022
... countries become reliant upon major 'first-world' currencies, such as the US dollar, to complete transactions. "However, reliance on another country's currency also comes with its own set of, often very costly, problems. A stronger US dollar, for example ...

Domestic bias swells for HNWIs

KARREN VERGARA  |  MONDAY, 13 DEC 2021
... rely on what's familiar. "Arguably their portfolios are still not as diversified as one would like, with still a strong reliance on cash, Australian equities, and residential property, but it is trending positively in correlation with further engagement ...

Unlisted asset valuation processes largely inadequate: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 27 OCT 2021
... which were inadequate for the complexity of investments; super funds failing to assess appropriateness of valuations; and reliance on fund managers' operational controls. APRA said some super funds failed to reach out to fund managers promptly, "potentially ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
... limited evidence of review to demonstrate the intended outcome was achieve, including benefit to members, and an over-reliance on aggregate considerations of marketing expenditure impact without demonstrating specific improved outcomes for members. Going ...

Australia improves super system quality

KARREN VERGARA  |  WEDNESDAY, 20 OCT 2021
... patterns. But, with poverty among the aged more common for women, we can't afford to sit idle. If we want to encourage self-reliance, and for Australians to save their money while they're working for their retirement, our system must be inclusive for ...

Recovery set to slow: OECD

ANNABELLE DICKSON  |  THURSDAY, 16 SEP 2021
... budgetary pressures and monitored by an independent fiscal institution. Tax reform will be necessary to reduce Australia's reliance on taxing personal incomes, which leaves public finances vulnerable to an ageing population," the OECD said. It said the ...

Pain ahead for super trustees on unlisted valuations

KANIKA SOOD  |  MONDAY, 6 SEP 2021
... engagement, and [this was] the key concern across a number of trustees," Ellis said. She said several trustees had an over reliance on external parties, including fund managers and asset consultants in their revaluations. Meanwhile, super funds with ...

Modern slavery obligations fall by the wayside: ACSI

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... slavery risks. ACSI chief executive Louise Davidson said given that modern slavery is a global issue, Australia's reliance on imported goods is a particular risk for Australian companies. "While many companies have strong governance of these issues ...

AFA slams new SOA measures

KARREN VERGARA  |  WEDNESDAY, 7 JUL 2021
... client SOAs is "confusing, and a matter of great concern", he said. Of particular concern in this section in the letter: "Reliance on attestations by financial advisers or advice licensees that services have been provided has limitations due to the potential ...

SG increase to self-fund retirement

ANNABELLE DICKSON  |  WEDNESDAY, 23 JUN 2021
... moving to 12%. It's a significant shift which will underpin Australia's fiscal sustainability by diminishing the reliance on the age pension," McCrea said. Last week, ASFA analysis showed businesses can afford to pay the increase of the Superannuation ...
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