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Showing 1171 - 1180 of 3246 results for "Employee"

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
Corporate regulator ASIC is reinforcing the illegality of superannuation funds inducing employers and the serious consequences that come with breaching the new law. ASIC released Infosheet 241 on Wednesday, reminding trustees that influencing employers ...

Financial services boom rolls on

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2019
The financial services industry continues to be the largest contributor to economic growth and pays employees above-average wages, according to a new report. Data compiled by the Financial Services Council in its 2019 State of the Industry report shows ...

Industry super fund discounts investment fees

KARREN VERGARA  |  TUESDAY, 30 JUL 2019
A $2.6 billion superannuation fund will lower its investment fees for some options as of August 1. Profit-for-member fund AvSuper is reducing fees for all investment choice members. AvSuper chief executive Michelle Wade said while the reductions vary ...

Boutique fund manager names chief executive

JAMIE WILLIAMSON  |  MONDAY, 29 JUL 2019
A $14 billion boutique investment manager will welcome a new chief executive and managing director. Maple-Brown Abbott has appointed Sophia Rahmani to lead the business, effective October 14. She joins from Janus Henderson where she was most recently ...

Industry fund changes asset consultant

KANIKA SOOD  |  MONDAY, 29 JUL 2019
A $12 billion industry superannuation fund has appointed a new asset consultant, ending a 17-year relationship with Willis Towers Watson. LGIAsuper has appointed JANA to act as its asset consultant, marking the third of its key external contracts to ...

Government to close super salary sacrifice loophole

KARREN VERGARA  |  THURSDAY, 25 JUL 2019
... reduce their superannuation guarantee obligations. To avoid a shortfall, an employer must contribute at least 9.5% of an employee's ordinary time earnings (OTE) base to a complying superannuation fund or retirement savings account, the new law proposes. ...

APRA proposes new remuneration standard

KARREN VERGARA  |  TUESDAY, 23 JUL 2019
APRA is introducing a new remuneration prudential standard for its regulated entities on the back of the Hayne Royal Commission's final recommendations. Draft prudential standard CPS 511 Remuneration is open for consultation until October 22. Chief ...

Corporate fund updates members on fee changes

KARREN VERGARA  |  FRIDAY, 19 JUL 2019
A $12 billion corporate super fund has achieved lower investment and transaction fees for its members for the 2019 financial year. Commonwealth Bank Group Super's investment-related fee and cost estimates, which generally change each year, were ...

Industry fund appoints chair

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... appointed Susan Weston to the board as a member-elected representative. Weston is an experienced senior union leader and employee relations professional with a background in industrial relations and human resources management. Chief executive Stefan ...

Wealth jobs in demand

HARRISON WORLEY  |  MONDAY, 15 JUL 2019
The wealth management labour force is set to continue expanding in the second half of the year according to recruitment firm Hays. Releasing its 2019/20 Salary Guide into Australia's job market, Hays said 47% of wealth management employers surveyed ...