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Showing 1221 - 1230 of 12781 results for "Change"

FSC releases new standard on scam mitigation

ELIZA BAVIN  |  MONDAY, 1 JUL 2024
The Financial Services Council (FSC) and its superannuation funds members have adopted a new standard to protect consumers from financial harm. The FSC's Standard demonstrates its members' commitment to protecting customers from scams and fraud by setting ...

New recruits top advice industry priority: FAAA

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... campaign that'll specifically promote advice as a career targeted to students and those considering a potential career change. Another is promoting the Advice Academy, which partnered with Kaplan to provide additional training and support for Professional ...

ETF price war heats up

ANDREW MCKEAN  |  FRIDAY, 28 JUN 2024
... 38 products by an average of 0.25% p.a. that together constituted 6% of its managed assts. However, Rainmaker said the change in product asset allocation had little effect on overall asset weighted fees. "This was primarily due to the success of its ...

Local Aviva Investors managing director to exit

ELIZABETH FRY  |  FRIDAY, 28 JUN 2024
Aviva Investors, the global asset management business of London insurer Aviva Plc, will farewell its local managing director following a decision to manage distribution from Singapore. Australian managing director Brett Jackson has been with the firm ...

APRA: RSE licensees show 'common areas of weakness'

ELIZA BAVIN  |  FRIDAY, 28 JUN 2024
The Australian Prudential Regulation Authority (APRA) has issued a letter to all registrable superannuation entity (RSE) licensees sharing the initial observations from its targeted thematic review of the superannuation industry's preparedness for ...

Equip Super reduces admin fees, introduces insurance fee

JAMIE WILLIAMSON  |  THURSDAY, 27 JUN 2024
... 0.19% per annum. The maximum administration fee charged will now be $950, compared to the $1100 it was previously. The change to the asset-based fee doesn't apply to members of employer partners' BOC or Elgas plans, but their maximum fee charged will ...

Australian wealth rises to $16.2tn

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
Data from the Australian Bureau of Statistics (ABS) revealed household wealth rose for a sixth straight quarter, by 2.7% in the March quarter to total $16.2 trillion. Residential land and dwellings was the largest contributor to quarterly growth in ...

Unprecedented vulnerabilities in financial services: KPMG

ANDREW MCKEAN  |  THURSDAY, 27 JUN 2024
... Access Management measures, there is a pressing need to accelerate the adoption and preparedness level to keep pace with change," KPMG said. "Evolving to a model where a digital identity with a high level of assurance is a reality will enable businesses ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... be classified as NALI and taxed at the top marginal rate of tax (45%). On 1 July 2018, the government mandated the laws change to focus on a super fund's expenses as well as their income. "The 1 July 2018 changes seemed harmless enough until you ...

Inflation spikes again sparking rate rise fears

ELIZA BAVIN  |  WEDNESDAY, 26 JUN 2024
... August". "The risk of baked-in inflationary expectations is too high," he said. "Three of the big banks have not announced a change in their projection for a rate cut and look to be sticking with November, but this looks optimistic today and could look ...