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| | | Senator Andrew Bragg has slammed industry super funds, accusing them of channelling $40 million to unions and Industry Super Australia (ISA). Scrutinising mandatory disclosures, Bragg pointed out that AustralianSuper, Cbus, HESTA, Hostplus, TWUSUPER ... |
| | | | ... Finura Group joint managing director Peter Worn told Financial Standard that while AI holds considerable promise, it comes down to advisers changing their behaviours around it. Many advice businesses Worn works with are operating in a high inflationary ... |
| | | | ... that chief financial officer Grant Boyle, who has held the role since 2017, has notified the board of his intention to step down this year. Netwealth said the timing is flexible, however it's planned Boyle will hand over to a new chief financial officer ... |
| | | | ... contributions during his leadership tenure. In October last year, Costello notified the government of his intention to step down and not continue as chair of the Future Fund. |
| | | | ... However, despite the increase in recent months, the report found overall customer satisfaction with superannuation funds remains down 6.1% from the record high of 72% reached in January 2022. Levine stated that the decline in customer satisfaction has ... |
| | | | Australia's sovereign wealth fund hit $272.3 billion in assets under management, buoyed by an 8% return for the 2023 calendar year. In a performance update, Future Fund chief executive Raphael Arndt said the fund remains resilient amidst the risks ... |
| | | | ... have raised the cost of living and resulted in declining real wages. Inflation eased to 5.4% in the third quarter of 2023, down from 7.8% in the fourth quarter of 2022, though it remains above the Reserve Bank of Australia's (RBA) target range of 2-3%. ... |
| | | | ... younger Australians are confidently opting to stay in and choose to put that amount into a high-interest savings account or pay down debt." According to Riley, another hot budgeting trend is 'no or low spending months' which can involve giving ... |
| | | | ... services are a confusing maze. The reforms outlined in this report will make these laws easier to understand and navigate, drive down the costs associated with complying with the law, and make it easier for consumers to understand and enforce their rights," ... |
| | | | ... the coming months. He is the third senior executive to depart Mercer in recent months following the acquisition and bedding down of BT's superannuation and asset management businesses. Late last year, long-serving superannuation expert Anthony Schiavo ... |
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