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| | | ... 2015 and June 2016, Poynter withdrew a total of $39,700 in fees from 10 clients' investment accounts for advice that he had not provided. Poynter personally received a financial benefit of $25,610 from doing so. Poynter was also found to have directed ... |
| | | | Draft legislation that allows the ATO to facilitate the early release of superannuation is open for consultation. Treasury has released the exposure draft overnight that aims to expedite the early release of super funds and "improve the integrity of ... |
| | | | ... leading financial services law firm looking to aid the start-up community. Hall & Wilcox is now a corporate partner of the not-for-profit incubator, alongside the likes of NAB, ANZ, Optus, IAG, Suncorp and Westpac. A strong alignment between Stone & ... |
| | | | It's certainly welcomed but nothing to write home about. I speak about the Australian Bureau of Statistics' (ABS) Wage Price Index (WPI) report that revealed growth in total wages accelerated to 2.1% in the December quarter from 2% in the previous quarter. ... |
| | | | ... largest profit-for-member superannuation funds, our aim is to be a leader in supporting equality, inclusion and diversity not only in our workplace but with our members and in the broader community as well," Dwyer said. TAL was the only life insurer ... |
| | | | ... more customers will need to be compensated albeit "the amount of compensation and number of potentially affected customers is not known at this stage." As at 31 December 2017, each firm has paid the following amounts to customers: AMP ($14.7m), ANZ ($11.2m) ... |
| | | | The group general manager of corporate development at IOOF has joined Australian Ethical's board as a non-executive director. Julie Orr has held the group GM role at IOOF since 2016; prior to this, she was general manager operations. Before IOOF, Orr ... |
| | | | ... The findings directly challenge a view sometimes proffered by consultants and commentators that tax efficient investing does not benefit super fund members, they added. |
| | | | ... address to the ABE Conference in Sydney last 13 Feb, "how much and how quickly will they [wages] pick up?" In a nutshell, not so much and not so soon: "Here in Australia, wage growth has been quite weak even allowing for (what we estimate to be) the ... |
| | | | ... of the market and growing at 17%," Marais said. The WFAM head of multi-asset solutions said at this point the ARP market is not crowded. He said estimates show premia are on average one standard deviation away from their long-term average in terms of ... |
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