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Showing 1311 - 1320 of 11094 results for "Members"

Inflation spooks retirees more than healthcare costs

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
... impact on retirement, as the value of those contributions compounds over time," he said. To prepare for retirement, 34% of members make extra super contributions; 38% are paying off home loans; and 46% are reducing their debt. Meanwhile, the majority ...

AFCA finds more Dixon Advisory victims

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
... financial advisers must pay. The Financial Advice Association Australia (FAAA) has slammed the additional costs their members will incur that has already generated about a $65 million in costs they have to pay. FAAA chief executive Sarah Abood is calling ...

Quality of retirement does not depend on super balance: Bragg

ELIZA BAVIN  |  FRIDAY, 10 MAY 2024
... average man has around $107,700 in super. A 20% deposit on an $800,000 home is $160,000. In addition, modelling by Super Members Council found removing the cap on using super for housing would push capital city house prices up by $75,000. The Committee ...

Frontier grows consulting, governance teams

ELIZABETH FRY  |  FRIDAY, 10 MAY 2024
... will be beneficial for both our clients and our consulting team more broadly. "We look forward to helping our new team members further develop their experience and expertise and watching them work their way into more senior roles within the firm." Frontier's ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... concerns and some not conducting any checks of advice documents at all. ASIC is calling on trustees to do more to protect members from "unscrupulous operators" as a new report identifies serious deficiencies in their monitoring of financial advice fee ...

APRA 'continuing to monitor' UniSuper outage

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... failures. "Member services failures are an enforcement priority for ASIC, we expect trustees to communicate proactively with members, deal responsibly with members' money, and deliver good value for money. This is regardless of the phase of membership ...

SMC says 'reckless' plan could cost taxpayers $1tn

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
Super Members Council (SMC) has slammed the Coalition's plan for young Australians to use their super for a house deposit, saying new modelling shows it could cost taxpayers a cumulative $1 trillion. SMC said even a policy which capped super withdrawals ...

Future Group changes fees for Guild members

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAY 2024
GuildSuper and GuildPension members will see some changes to the fees they pay from this month. In November last year, Future Group acquired GuildSuper, including Child Care Super, adding about $2.77 billion in funds under management and some 99,000 ...

Litigation funder disputes AMP BOLR settlement

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... equalisation order to the court that "seeks to spread the cost of the funder's entitlements equally across all group members of the lawsuit. "It does so by reducing each Group Member's entitlement to share in the Settlement Sum by a proportionate ...

REI Super updates Conservative option

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... warrant keeping it in its current form and we see greater opportunity to offer an updated investment option," a note to members read. "The proposed change is significant in terms of the underlying investments and the risk and return profile of the investment ...