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| | | US President Donald Trump used his State of the Union address this week to announce a new retirement plan open to US workers. Trump said that since he took office the typical 401(k) balance has grown by "at least US$30,000". "That's a lot of money. ... |
| | | | ... increased by 8.6% over the year to $156.3 billion. Member contributions increased by 19.2% over the year to $64.5 billion. Benefit payments increased by 12.5% to $139.9 billion in the year as a result of lump sum payments rising by 13.8% to $77.6 billion ... |
| | | | The Australian Financial Complaints Authority (AFCA) received a record number of complaints in 2025, with 111,373 complaints filed in the 12 months to December 31 - up 14% from 2024. Since its establishment, AFCA has received more than 634,000 complaints. ... |
| | | | Colonial First State (CFS) has ceased its partnership with digital advice technology provider Otivo less than two years after joining forces, opting instead to launch an in-house offering called Super Advice. As of February 23, the Otivo digital advice ... |
| | | | ... single-stock concentration risk. "We believe the firm learned valuable lessons from this episode, and we expect investors will benefit over time from the improvements that have been implemented." Regal chair Michael Cole said 2025 was a year of strong ... |
| | | | Both financial advice groups have reported strong first-half performance, underpinned by heightened demand for advice and the expansion of their adviser networks. In the first half of FY26, Centrepoint Alliance's gross revenue rose 12% from the ... |
| | | | Aware Super is restructuring its investments team, creating a new Liquidity and Markets division and making Private Markets a standalone function. The fund said the new structure brings together data, liquidity management, public and private markets ... |
| | | | Despite the glittering gold rally, UniSuper has steered away from the bullion saying it does not produce income for its members. UniSuper chief investment officer John Pearce said the $166 billion super fund does accept gold to be a store of value and ... |
| | | | ... obligations that they're taking on, but it's really important that they do," Sidoti said. According to ASIC, clients may benefit from advice from various professionals, including an SMSF auditor, accountant or legal professional, but "people are moving ... |
| | | | QIC has partnered with Wollemi Capital, a climate specialist investment firm, to invest $80 million in Australia's first commercially scaled food waste to energy plant in Queensland. The Kalfresh Bioenergy Facility will be led by Queensland vegetable ... |
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