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Showing 1721 - 1730 of 4769 results for "July 8"

Minimum wage rises by 3%

HARRISON WORLEY  |  TUESDAY, 4 JUN 2019
Australia's minimum wage is set to rise by 3%. The Fair Work Commission has determined Australia's national minimum wage (NMW) will increase by 3% to $19.49 per hour. Effective from the first full pay period starting on or after July 1, the increase ...

Suncorp Super faces action over adviser pay

JAMIE WILLIAMSON  |  TUESDAY, 4 JUN 2019
Two law firms are working to bring a class action against a retail superannuation fund, with existing and former members suing over conflicted remuneration paid to financial advisers. Suncorp Portfolio Service, also known as Suncorp Super, is facing ...

Managed accounts provider recruits portfolio manager

KARREN VERGARA  |  MONDAY, 3 JUN 2019
A managed accounts provider has hired a long-serving portfolio manager from Hyperion Asset Management. Elston Asset Management appointed Justin Woerner as a portfolio manager in April. He spent more than 14 years at Hyperion, starting out as an investment ...

Prime Super drops admin fees

KARREN VERGARA  |  MONDAY, 3 JUN 2019
The $5 billion superannuation fund will no longer charge administration fees to members with less than $6000 in their account. Prime Super will cease charging admin fees in line with the Protecting Your Super changes effective 1 July 2019. Chief executive ...

Chief operating officer joins platform

KARREN VERGARA  |  FRIDAY, 31 MAY 2019
A platform with $3 billion under administration has welcomed its new chief operating officer to the fold. Nigel Singh will lead Integrated Portfolio Solutions' operations, where he will work closely with the technology team and oversee sales efforts ...

Super fund increases premiums

KARREN VERGARA  |  FRIDAY, 31 MAY 2019
A $1.5 billion superannuation fund will increase life insurance premiums as a result of the Protecting Your Super Package reforms. New and existing REI Super members will pay more for death and TPD cover from 1 July 2019. They join the ranks of AustralianSuper ...

Wealth firm backs new Perennial fund

KANIKA SOOD  |  THURSDAY, 30 MAY 2019
Morgan Stanley Wealth Management will invest $25 million in a new fund from Perennial's small and micro caps team. The Perennial Private to Public Opportunities Fund will hold 30-45 investments in pre-IPOs, IPOs and unlisted growth capital. There ...

Banks sluggish on Indigenous financial inclusion

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2019
Indigenous Australians are being let down by financial institutions' failure to provide access to basic banking services and recognise different cultural attitudes towards money, a new report from the First Nations Foundation reveals. Of the 620 ...

Investment firm plans delisting

KANIKA SOOD  |  WEDNESDAY, 29 MAY 2019
An investment firm focused on private equity style transactions has decided to delist from the ASX. Oceania Capital Partners (ASX: OCP) said it wants to delist through an off-market equal access share buyback, subject to shareholder approval at the ...

ASIC names new default super fund

JAMIE WILLIAMSON  |  TUESDAY, 28 MAY 2019
The corporate regulator has named the superannuation fund its employees will now be defaulted into. From July 1, new employees of ASIC who do not nominate a superannuation fund will be defaulted into AustralianSuper. From that time, ASIC will employ ...