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

Search Results

Showing 1 - 10 of 1066 results for %22Super Consumers Australia%22

ASIC cancels AFSL of JB Markets

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... and adequate resourcing. ASIC said it determined cancelling JB Markets' AFSL would protect the interests of potential consumers, promote confidence in the financial services industry, and encourage professionalism by those who provide financial services. ...

Vanguard backs current performance test

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
... outcomes. "At present, it is the only option presented that is objective, efficient, and timely to administer for both APRA and super funds and has clear consequences of failure. That's why we support maintaining the status quo - the current performance ...

Blockchain mining companies sued by ASIC

ANDREW MCKEAN  |  MONDAY, 15 APR 2024
... mining packages with fixed-rate returns. It said these investors were then asked to transfer their funds from regulated super funds to self-managed super funds (SMSFs) and convert them into cryptocurrency. Early investigations indicate that around 450 ...

Why aged care advice needs tougher regulation

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... distinguish when licensed financial advice is necessary versus education and information that is easily understandable for consumers. "When considering the delivery of aged care advice, enforcing and strengthening the oversight of personal advice that ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
... which was introduced in parliament on March 27, proposes to legislate trustees' ability to pay a fee from a member's super account to an adviser for personal financial advice provided as per Recommendation 7 of the Quality of Advice Review. This ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... they reach the Australian Financial Complaints Authority (AFCA). The complaints authority warned that members are bypassing super funds' IDR processes and instead make a beeline for AFCA, senior manager of superannuation Rhys Lloyd said. For claims ...

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... of Dixon Advisory and Superannuation Services (DASS). There are still an outstanding number of former DASS self-managed super fund (SMSF) clients who have not yet lodged a complaint and have until April 8 to do so. Abood commented that the emergence ...

Majority comply with IDR reporting: ASIC

KARREN VERGARA  |  MONDAY, 18 MAR 2024
... weaknesses are. ASIC said that it collects and ultimately publishes IDR reports to "give greater public visibility of where consumers may be having difficulties". "It provides ASIC with an important data set to assist with regulatory decision making ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... Financial Complaints Authority (AFCA) said it helped secure more than $40 million in refunds for hundreds of thousands of consumers between July and December 2023. AFCAs Systemic Issues Insights Report revealed the 139,011 consumers received their share ...

Overhaul of TPD structure, pricing needed: MLC Life

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... Puli said. The research accompanies the release of a green paper that explores the development of disability insurance in super. According to MLC, the paper aims to improve outcomes for Australian workers who face illness or injury and for superannuation ...
PREVIOUS
NEXT