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Showing 141 - 150 of 4663 results for "Rest"

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
Mercer Financial Advice will pay $12 million after the Federal Court found it failed to meet some disclosure obligations and charged almost $5 million in fees to clients when it was not entitled to do so. Mercer admitted that, between July 2016 and ...

Paraplanners unfazed by QAR, AI: Survey

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... of $76,000-$85,000. The majority of paraplanners continue to be women (71%); some 41% work from home full-time while the rest work on a hybrid basis. Only 6.2% of paraplanners are located offshore. Just 21% intend to become a financial adviser as the ...

TelstraSuper looks to Rest for portfolio manager

ELIZABETH FRY  |  MONDAY, 20 NOV 2023
TelstraSuper has recruited a new portfolio manager to cover the infrastructure sector. Owen Lewis joins from Rest where he spent the last four years. This is a promotion for Lewis who worked as an analyst at the superannuation fund for retail workers. ...

Objective of super bill lands in parliament

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
... alter the current responsibilities of superannuation trustees, nor rules for early access to super on compassionate grounds. Rest chief executive Vicki Doyle said the fund's nearly two million members, over a million of whom are women and young adults ...

Rest hires policy lead from HESTA

JAMIE WILLIAMSON  |  THURSDAY, 16 NOV 2023
... billion superannuation fund welcomed a head of public policy this week, recruiting from HESTA. Enrico Burgio has moved to Rest from HESTA where he served as senior manager - policy and advocacy since January. Prior to HESTA, he held a series of senior ...

ASIC strips institutional broker's AFSL

ANDREW MCKEAN  |  THURSDAY, 16 NOV 2023
ASIC has suspended JB Markets' Australian financial services licence (AFSL), restricting the firm to only terminating existing client arrangements. The corporate regulator revoked JB Markets' AFSL due to non-compliance with financial requirements and ...

Wages growth reaches unsustainable level: Mousina

CASSANDRA BALDINI  |  THURSDAY, 16 NOV 2023
... which is why the decisions by the Fair Work Commission are so important in terms of the signalling impact they have on the rest of the market," she said. Despite the record high, real wage growth remains in negative territory. "Before the pandemic, we ...

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
ASIC has announced plans for strong, targeted enforcement action in the superannuation sector, focusing on member outcomes in 2024. Baring its teeth in an enforcement and regulatory update released today, the corporate regulator signalled that tackling ...

Decade-long ban reduced for former adviser

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
A former financial adviser who was jailed for breaching COVID-19 border restrictions to attend the AFL Grand Final had his ASIC banning order reduced. Mark Babbage, who was an authorised representative of Wealthsure and Capstone Financial Planning ...

Rest names internal global equities lead

ANDREW MCKEAN  |  THURSDAY, 9 NOV 2023
Rest has appointed a seasoned executive to lead its newly formed internal global equities division. Joining the $76 billion industry fund, Richard Mercado is charged with constructing an internal global equities management capability, implementing an ...