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Showing 1101 - 1110 of 8010 results for "Average"

Economic recap: Week to August 6

BENJAMIN ONG  |  MONDAY, 9 AUG 2021
... Olympic-associated delegations and personnel exits Japan. This isn't helped by falling wages. Growth in Japan's nominal average wages decline by 0.1% in the year to June - a big miss to expectations for 1.1% gain and a sharp fall from the previous ...

Final YFYS regulations out, government "backflips" on admin fees

KANIKA SOOD  |  MONDAY, 9 AUG 2021
... the government now wants super fund to be only tested on last year's administration fees instead of eight years' average in the APRA performance test. The last minute changes to the Your Future, Your Super regulation included the shorter time-horizon ...

Retail fund tops MySuper tables for FY21

KANIKA SOOD  |  MONDAY, 2 AUG 2021
In a year the average fund posted over 18% in returns, CommBank's Essential Super was the top one-year performer. Essential Super Employer - Lifestage 1980-84 returned 26.5% in the year ending June, according to Rainmaker's performance tables ...

Ethical super could halve carbon footprint

ANNABELLE DICKSON  |  MONDAY, 2 AUG 2021
... pointed to the fact that some Australians may not feel that their superannuation can amount to any change but showed the average Australian balance ranges between $24,000 (25 years old) and $523,000 (65 years old). "It can sometimes feel like the fate ...

Dismal pass rate for latest CFA exam

ELIZABETH MCARTHUR  |  MONDAY, 2 AUG 2021
The Chartered Financial Analyst (CFA) level one exam results for May 2021 saw a paltry pass rate of just 25%. This was the lowest pass rate ever recorded. In February 2021, 44% of level one candidates passed the exam. In the first half of 2019, 41% ...

AFCA weeds out phony complaints

ELIZABETH MCARTHUR  |  FRIDAY, 30 JUL 2021
... program, 120 complaints were identified for review because there was no financial loss or no error and 106 were closed. The average fee charged to the financial services firm for these cases was $890. If those same complaints had closed at a later stage ...

Robo advice potential skyrockets

ANNABELLE DICKSON  |  TUESDAY, 27 JUL 2021
... advice could rapidly become incredibly important for millions of Australian consumers." In Australia, robo advisers on average offer seven investment solutions however, Stockspot offers the most with 13 investment solutions. Around 70% of the options ...

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... services. While it will mean an increase, Lawler said the new fees have been benchmarked and will be below the industry average. Lawler promised that it will be a "new era" for AMP's financial advice unit. "Importantly these changes recognise that ...

Advisers overlook home equity release strategies

KARREN VERGARA  |  THURSDAY, 22 JUL 2021
... part of a comprehensive retirement plan, he said. Half of the population analysed comprised 55-year-olds and over with an average net wealth of $1.53 million split across superannuation ($668k), private savings ($332k) and property ($677k).

New portfolio manager at Pengana

KARREN VERGARA  |  TUESDAY, 20 JUL 2021
... fund's inception in 2014, it has significantly outperformed its benchmark across all time periods, having returned an average of 32.8% per annum. The fund is a concentrated, ethically screened portfolio that invests in a maximum of 20 Australian and ...