... been telling tenants to access their superannuation under hardship provisions to pay their rent, only to be slapped down by ASIC threatening fines of up to $126,000 for what constituted unlicensed financial advice. As well, help to pay the rent is still ...
Search Results
Showing 261 to 270 of 381 results for asic:
I am a 60-year-old female and am currently working a four-day week, which earns me $57,000pa. I salary sacrifice the maximum amount into super and have a balance of $520,000 in a conservative account. I would like to know if a transition to retirement ...
... to and your money should be consolidated within a few days. However, the Australian Securities and Investments Commission (ASIC) says you should check things such as exit fees and insurance coverage before you switch as you don't want to be worse ...
... money on higher fees and unnecessary or unused services." MLC Nominees and NULIS are also facing a Federal Court action from ASIC alleging the trustees misled MasterKey super members. ASIC is alleging that NULIS and MLC deducted approximately $33 million ...
... you want to retire on. What are your expectations in retirement? There are plenty of calculators (moneysmart.gov.au from ASIC or superguru.com.au from ASFA) that will give you different levels of income in retirement. Calculators ask you how much you ...
... need much more than just a payslip before providing a loan, according to guidance on responsible lending laws released by ASIC. "You will need information to determine whether that income is consistent and likely to remain at that level for the term ...
... favour their default product over their competitors. This is unlawful. The Australian Securities and Investments Commission (ASIC) recently pointed out that although "employers are not required to consider their employees' best interests when making ...
... came out of the banking royal commission battered and bruised, leaving a big dent in public trust. Research conducted by ASIC in August found 37% of respondents don't believe financial advisers have their best interest at heart. A further 19% stated ...
... August 2019 is 11.84% (9.18%pa since inception in May 2011). Regulator hits 'pause' button In late July, the regulator ASIC halted new ASX listings of active ETFs that do not disclose their portfolio holdings daily and have internal market makers. ...
The red line between telephone marketing and personal financial advice has been clarified by the Federal Court, after it sided with ASIC's claim that Westpac deliberately used telephone marketing to persuade customers to consolidate their superannuation ...
