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Showing 211 - 220 of 3176 results for "ACTU"

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
As new estimates show that financial advisers will have to fork out $70 million to fund the Compensation Scheme of Last Resort (CSLR) for the next financial year - breaching the $20 million cap - Treasury is now calling for a review of the controversial ...

The regulatory pendulum has swung too far: FSC

ANDREW MCKEAN  |  FRIDAY, 31 JAN 2025
Financial Services Council (FSC) chief executive Blake Briggs has said the regulatory pendulum for the superannuation, funds management, and financial advice sectors has swung too far over the last decade under successive governments. It's time for ...

ASIC calls out super trustees over 'weak' anti-scam practices

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
The Australian Securities and Investments Commission (ASIC) has written to superannuation trustees urging them to strengthen anti-scam practices, or risk exposing their members to harm. The open letter, signed by ASIC commissioner Simone Constant, outlined ...

Global dividend strength to continue: Plato

ELIZA BAVIN  |  FRIDAY, 24 JAN 2025
Dividend growth trends in international equities are expected to continue in 2025 after global developed market countries paid out $485 million in dividends in Q4 2024, according to a new report by Plato Investment Management. This was an 8.3% increase ...

Government must commit to fixing CSLR: FAAA

MATTHEW WAI  |  THURSDAY, 23 JAN 2025
Financial Advice Association Australia (FAAA) general manager of policy, advocacy, and standards Phil Anderson is again calling on the government to fix the Compensation Scheme of Last Resort (CSLR). Th FAAA has previously highlighted three critical ...

Top Pendal executive joins Evidentia

ELIZABETH FRY  |  TUESDAY, 21 JAN 2025
Former Pendal head of multi-asset Michael Blayney has joined the Evidentia Group as a member of its investment committee. "With over 28 years of experience in investment management, consulting and superannuation with some of the world's leading ...

Super admin providers face reckoning in 2025: Finura

KARREN VERGARA  |  MONDAY, 20 JAN 2025
More companies will divest their superannuation administration offerings in 2025, according to Finura, as super funds potentially move this service in-house amid tighter scrutiny from the regulators. ASIC suing Cbus for poor member claims experience ...

Coalition members call for superannuation guarantee reform

ANDREW MCKEAN  |  FRIDAY, 17 JAN 2025
... for a pay rise, they should have to raid their own retirement to get a pay rise..." The Australian Council of Trade Unions (ACTU) responded to the Coalition members' comments, presenting costings that estimated their plan would deprive the average 30-year-old ...

February rate cut unlikely after inflation data

ELIZA BAVIN  |  WEDNESDAY, 8 JAN 2025
The monthly Consumer Price Index (CPI) indicator rose 2.3% in the 12 months to November 2024, up from a 2.1% rise in the 12 months to October, according to the Australian Bureau of Statistics (ABS). The biggest jumps in prices were in food and non-alcoholic ...

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
Many superannuation trustees have been told they must improve their valuation governance practices, with APRA finding just 11 have dedicated valuation committees while others involve staff members whose remuneration is tied to asset values in the process. ...