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Showing 1161 - 1170 of 4071 results for "PAI"

ERS costs big super funds

ELIZA BAVIN  |  MONDAY, 30 NOV 2020
As applications for the early release of super (ERS) scheme slow down, the nation's biggest funds have taken the brunt of the payments. Of the $36 billion paid out so far, the 10 funds with the highest number of applications received from the ATO have ...

Life insurance performance plummets

ANNABELLE DICKSON  |  FRIDAY, 27 NOV 2020
The life insurance industry has continued to take a hit to profit, with risk products reporting significant losses. The Australian Prudential Regulation Authority's (APRA) latest quarterly life insurance performance statistics paint a bleak picture ...

Should remote employees be paid less?

KANIKA SOOD  |  THURSDAY, 26 NOV 2020
Over a quarter of US employers say they plan to pay employees based on the location of remote workers for all jobs in 2021. Willis Towers Watson surveyed 344 organisations in North America with 4.83 million employees between October 6 and 21. About ...

Australian Unity owes staff $4.3m

KARREN VERGARA  |  WEDNESDAY, 25 NOV 2020
Australian Unity has underpaid its aged care and disability services staff $4.25 million in wages, which could potentially blow out as it further investigates how much superannuation has to be back paid. Australian Unity said it initiated the review ...

Zurich to pay super on parental leave

JAMIE WILLIAMSON  |  TUESDAY, 24 NOV 2020
Employees of Zurich Australia will have access to a new Family Care Policy, including paid leave for all circumstances related to growing their families and continuation of super contributions on unpaid leave. From December 21, the Family Care Policy ...

Super sneaks back to $3tn in assets

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
Superannuation assets totaled $2.9 trillion at the end of the September 2020 quarter, according to the latest statistics from APRA. Despite the effects of the government's early release of super scheme, coupled with market volatility and a sharp economic ...

Boutique to use Equity Trustees

KANIKA SOOD  |  MONDAY, 23 NOV 2020
Spire Capital will use Equity Trustees as the responsible entity for its master fund, moving away from doing it internally following investor demand. The change will come into effect on 18 February 2021. "This change is proposed as a result of key investor ...

SG rise no real benefit to women: Review

JAMIE WILLIAMSON  |  FRIDAY, 20 NOV 2020
While not making explicit recommendations, the Retirement Income Review has warned against increasing inequities already in the system, citing that a rise in the super guarantee would benefit men more than women. The review has stated that consideration ...

FPA board member joins new firm

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
Financial Planning Association of Australia (FPA) board member Julie Matheson has joined Peloton Partners. The Melbourne based financial services consultancy was founded by Rob Jones and Michael Harrison, both former Shadforth financial advisers. Matheson ...

Mental health over financial health: Research

ELIZA BAVIN  |  THURSDAY, 19 NOV 2020
The MetLife 2020 Employee Benefit Trends Study found the majority of Australian workers feel their mental health is the most important aspect to focus on in the wake of COVID-19. Around 70% of workers said mental health is the most important thing to ...