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Showing 121 - 130 of 1308 results for "Surprise"

Investment bonds offer refuge amid super changes

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
As the government plans to tighten rules around high superannuation balances, investment bonds offer a secure, tax-efficient alternative. The government has proposed doubling the concessional tax rate for super balances over $3 million from 15% to 30%. ...

Adviser pay, incentives disparity revealed

KARREN VERGARA  |  FRIDAY, 17 FEB 2023
... said given the substantial impact employee costs have on a practice's ongoing viability and profitability, it is no surprise that quality staff are extremely difficult to find and even harder to keep. Practices on average employ 2.7 experienced advisers. ...

Alphinity debuts two funds on the ASX

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 FEB 2023
Alphinity Investment Management has listed two funds on the ASX in a bid to reach retail investors. The Alphinity Global Sustainable Equity Fund (XASG) is a diversified portfolio of 25-40 leading global sustainable listed companies that Alphinity deems ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
True to her word, Quality of Advice Review chair Michelle Levy's final report contains few surprises, however her recommendations include the introduction of both a Good Advice Duty and a Statutory Best Interests Duty. The 267-page final report ...

RBA cash rate hike forecast by economists

ANDREW MCKEAN  |  TUESDAY, 7 FEB 2023
The Reserve Bank of Australia (RBA) is widely tipped to lift the cash rate by 25 basis points today to fight ongoing inflationary pressure. According to HSBC chief economist Paul Bloxham, inflation is too high and there's yet to be clear evidence ...

Treasury working on QAR, super tax concessions

CASSANDRA BALDINI  |  THURSDAY, 19 JAN 2023
A Treasury spokesperson has indicated when industry can expect the release of the Quality of Advice Review (QAR) final report, while also confirming the government has not scrapped super tax concessions. A spokesperson for minister for financial services ...

SWFs shrink for first time ever: Report

CASSANDRA BALDINI  |  MONDAY, 16 JAN 2023
It's no surprise that 2022 was one of the most difficult years for State-Owned Investors (SOIs) in recent history, shrinking in value for the first time ever. Total value of the sector dropped by a total of US$1 trillion, according to Global SWF. Similarly ...

No big surprises, Levy promises

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
Fronting the FPA Professionals Congress, Quality of Advice Review chair Michelle Levy confirmed there will be no big surprises in her final proposals, due December 16. Appearing alongside FPA chief executive Sarah Abood, Levy explained she has been ...

Super fund with highest customer satisfaction named

ANDREW MCKEAN  |  THURSDAY, 10 NOV 2022
... declined, leading many to consider changing funds. CSBA CX director of finance Sam Monteath said that while it was no surprise to see current market volatility negatively impact member sentiment, it's now crucial for funds to proactively offer members ...

Government eyes crackdown on super tax concessions

CASSANDRA BALDINI  |  TUESDAY, 8 NOV 2022
Concessional tax arrangements for high balance super funds will be reviewed by the government. Assistant treasurer and minister for financial services Stephen Jones spoke at the Australian Financial Review Super & Wealth Summit, saying the taxation ...