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Showing 1231 - 1240 of 8106 results for "Total"

Industry needs better retirement advice blueprint: Expert

KARREN VERGARA  |  THURSDAY, 30 NOV 2023
... from the Australian Bureau of Statistics (ABS) shows there were 4.1 million retirees in 2020-21 comprising about 16% of the total population. At the time, some 670,000 planned to retire over the next five years. "That's a massive number. Who will ...

FCA mulls capital requirements for firms giving bad advice

ANDREW MCKEAN  |  THURSDAY, 30 NOV 2023
... personal investment firms between 2016 and 2022. This expenditure was primarily caused by 75 firms, accounting for 95% of the total compensation. The FCA's proposed measures are designed to build upon and refine existing capital requirements. Approximately ...

Former adviser convicted over false documents

CHLOE WALKER  |  THURSDAY, 30 NOV 2023
... advice and carrying on a financial services business was 10 years imprisonment, a fine of either $765,000 or three times the total value of the benefits reasonably attributable to the offence, or both. The maximum penalty for a company was a fine of ...

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... clients; issued over 3000 non-compliant fee disclosure statements to more than 2000 clients; and charged 761 clients a combined total of more than $4.7 million in fees for services not delivered. In total, close to $14.5 million in inappropriate ongoing ...

Future Group acquires Verve Super

JAMIE WILLIAMSON  |  WEDNESDAY, 29 NOV 2023
... (formerly SmartMonday) and now Verve Super, now ranks among the top 15 largest superannuation group in the market, with total member accounts of 383,000. Just last month, Future Super acquired GuildSuper, a fund whose members are also predominately female ...

Buffett outlines plans for Berkshire Hathaway

CHLOE WALKER  |  WEDNESDAY, 29 NOV 2023
Warren Buffett has laid out plans for Berkshire Hathaway (Berkshire) and his fortune in a rare letter published on the company's website. The legendary investor announced the gifting of 2.4 million Class B shares of Berkshire Hathaway stock (totalling ...

Conscious Investment Management fund receives $50m

RACHEL ALEMBAKIS  |  MONDAY, 27 NOV 2023
... breaking cycles of disadvantage. It is really powerful to have them on board." CIM currently has more than $300 million in total funds under management and is targeting $500 million AUM, Tominc said. CIMSHF2 will work closely in partnership with the ...

LGT Crestone offers exclusive access to the Princely family fund

CHLOE WALKER  |  MONDAY, 27 NOV 2023
... estate deals offer the potential for income yield and capital growth. "While it is a sophisticated investment product, the total management fee has been exclusively negotiated for a very competitive institutional price for clients of LGT Crestone in ...

Treasury mulls reforming use of genetic test results by life insurers

JAMIE WILLIAMSON  |  MONDAY, 27 NOV 2023
... the cost of their insurance. Under the moratorium, insurers can only request or use the results of a genetic test if the total amount of cover for an individual - including that being applied for and any other existing cover, like group insurance, met ...

AustralianSuper slams Brookfield's Origin Energy bid

ANDREW MCKEAN  |  FRIDAY, 24 NOV 2023
... for Origin. Should the alternative transaction be executed, it's anticipated that Origin shareholders would receive a total cash payment of approximately $9.08 per share. AustralianSuper quashed the proposal, contending that it substantially undervalues ...