Economic recap: Week to September 24BY BENJAMIN ONG | MONDAY, 27 SEP 2021 9:42AMWeekly review of significant economic data, government and central bank action and pronouncements, and other market moving events.
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Rest cuts administration fees
|The industry fund has reduced asset-based administration fees across Rest Super, Rest Corporate and Rest Pension, saying its total fees are now at least 25% less than the industry average.
Adviser associations to merge
|Members of the Authorised Representatives Association (ARA), have voted to close the 40-year-old association and merge with The Advisers Association (TAA).
ASIC takes Mercer Financial Advice to court
|Mercer Financial Advice is being sued by ASIC over fee for no service conduct that continued after the Royal Commission and impacted members of both a corporate and government super fund.
Inflation a greater danger than recession: Powell
|Federal Reserve chair Jerome Powell flagged that the US Federal Reserve had to raise rates rapidly to mitigate higher inflation, even if that increased recession risks.
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