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Showing 1261 - 1270 of 11010 results for "Account"

ASFA Retirement Standard hits record high

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
The ASFA Retirement Standard for December quarter 2023 increased to a record high $72,148 per year for couples, and $51,278 for singles. The necessary lump sum for a "comfortable retirement" increased by 3.5% from last year. "Retiree budgets have been ...

Sexism in the City: UK financial sector slammed

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2024
... about what will deliver the best outcomes and avoid introducing tick-box exercises." In the UK financial sector, women account for 35% of senior management roles, up from 27% in 2016. However, at one percentage point per year, the pace of progress is ...

Government promises transparent financial services regulation

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
The federal government is launching an initiative to provide transparency and better coordination in how it regulates financial services firms to alleviate their compliance costs and burdens. The Financial Sector Initiatives Regulatory Grid wants to ...

Managed account FUM closes in on $200bn milestone

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
According to the latest figures, there is now about $195 billion held in managed accounts - up $33 billion in the six months to December end. The IMAP Census of Managed Accounts FUM shows the total grew by some 20.47% in the six-month period to hit ...

ASIC, APRA issues more FAR guidance

KARREN VERGARA  |  MONDAY, 11 MAR 2024
APRA and ASIC have released more information about the Financial Accountability Regime (FAR) in preparation for the March 15 launch date. The regulators unveiled several key materials for the financial services sector, which were under consultation ...

Pendal shutters costly equity fund

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... among the other Pendal products. "The cash proceeds from this termination will be paid directly to your nominated bank account on file on or around Wednesday 3 April 2024," Pendal wrote. "We also expect that the termination of the Fund will result in ...

Super on unpaid parental leave extended in Western Australia

ELIZA BAVIN  |  MONDAY, 11 MAR 2024
... unpaid parental leave, which can reduce their superannuation savings. Women at retirement age typically have superannuation account balances 25% lower than men. WA premier Roger Cook said he would like to see more private sector employers follow suit. ...

Retirement saving, investing daunting for women: Surveys

KARREN VERGARA  |  FRIDAY, 8 MAR 2024
... Interestingly, Saxo's client database shows that between January and February, the number of women opening a trading account was 43.7% higher compared to men. A Vanguard study of over 1800 working and retired Australians released last year found ...

Alex Dunnin bids farewell to Rainmaker

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... this could - and certainly did - ruffle a few feathers, it was always in pursuit of advancing the industry; holding it to account and pushing it to do better for members. Dunnin first began working in superannuation in 1993, joining the Insurance and ...

InvestSMART launches investing platform

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
InvestSMART has launched a white label online investing platform and appointed Rask Invest as its first external investment manager. Under this partnership, Rask Invest's clients will now have their funds managed within three Rask investment portfolios ...