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Showing 1501 - 1510 of 4246 results for "VIC"

Chief economist update: Weak household consumption now a sure thing

BENJAMIN ONG  |  TUESDAY, 5 NOV 2019
The race that stops the nation - the Melbourne Cup - is upon us. There'll be a lotta betting and hopin' and wishin' and prayin' for a chosen steed to make it past the finish line in first place. Cross Counter is the odds-on favourite ...

AFCA delivers $185m in compensation

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
The Australian Financial Complaints Authority has delivered $185 million in compensation to consumers in its first year of operation. AFCA received a 40% uptick in complaints compared to previous complaints schemes. About 77% of complaints lodged have ...

AustralianSuper adds former PwC partner to board

KANIKA SOOD  |  WEDNESDAY, 30 OCT 2019
The $170 billion superannuation fund has appointed a former PricewaterhouseCoopers partner as a director to its board, after Don Russell moved to chair last month. Claire Keating has over 25 years of experience as a chartered accountant, specialising ...

VicSuper hits sustainability target early

HARRISON WORLEY  |  THURSDAY, 24 OCT 2019
The $24 billion superannuation fund has hit its target to deliver $3 billion in sustainable outcomes a year ahead of schedule. Releasing its annual report earlier this week, VicSuper revealed it reached the "ambitious" target - which represents about ...

SMSF scheme sees creator jailed

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
A 51-year-old was found to have unlawfully created, operated and benefitted from a fraudulent self-managed superannuation fund. Kent Nguyen was sentence to three years in prison after pleading guilty to orchestrating an illegal early release of a superannuation ...

Super fund adviser numbers swell

KANIKA SOOD  |  TUESDAY, 22 OCT 2019
Superannuation funds have added about 250 directly employed advisers in the three years to March, with State Super in the lead, according to Rainmaker Research. The super industry now directly employs 969 registered advisers, up from 713 advisers at ...

Cbus veteran moves to APRA

ELIZABETH MCARTHUR  |  MONDAY, 21 OCT 2019
A superannuation industry veteran with over 20 years of experience working at Cbus has jumped to the regulator. Angela Thurstans was head of governance (company secretary) and compliance at Cbus and is now risk specialist, governance at the Australian ...

Australia climbs up Mercer global pension index

HARRISON WORLEY  |  MONDAY, 21 OCT 2019
Australia's retirement system has risen in the global ranking of pension systems, but it still has room for improvement, according to Mercer's latest rankings of global pension systems. According to the 2019 Melbourne Mercer Global Pension Index, Australians ...

FS Power50 highlights most influential advisers in 2019

ELIZABETH MCARTHUR  |  MONDAY, 21 OCT 2019
The FS Power50 has been announced for 2019, recognising the 50 most influential financial advisers in Australia. The advisers on the list were nominated by their peers and the Financial Standard editorial team. The 2019 Power50 focussed on those who ...

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
Thousands of MySuper account holders with Colonial First State will pursue legal action against the fund. Maurice Blackburn Lawyers today filed a class action against CFS in relation to alleged breaches of super trustee duties that it said have caused ...