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Showing 1061 - 1070 of 14041 results for "Down"

Bragg outraged over super fund payments to unions

ANDREW MCKEAN  |  WEDNESDAY, 31 JAN 2024
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 ...

AI mania will underwhelm advice: Finura

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2024
... 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 ...

Netwealth records $78bn FUA, flags departure

JAMIE WILLIAMSON  |  MONDAY, 29 JAN 2024
... 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 ...

Greg Combet to succeed Peter Costello as Future Fund chair

ANDREW MCKEAN  |  MONDAY, 29 JAN 2024
... 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.

Super fund satisfaction improves: Roy Morgan

CHLOE WALKER  |  WEDNESDAY, 24 JAN 2024
... 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 ...

Future Fund soars to $272.3bn

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
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 ...

Australian economic growth slows, IMF maintains positive outlook

ANDREW MCKEAN  |  MONDAY, 22 JAN 2024
... 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%. ...

Gen Zs now 'loud budgeting': Research

CHLOE WALKER  |  MONDAY, 22 JAN 2024
... 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 ...

Standalone laws key to solving legislative 'porridge': ALRC

JAMIE WILLIAMSON  |  FRIDAY, 19 JAN 2024
... 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," ...

Mercer Super loses state leaders

ELIZABETH FRY  |  FRIDAY, 19 JAN 2024
... 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 ...