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Showing 301 - 310 of 3232 results for "Highest"

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... the target of two class actions filed in May 2023. Overall, the number of class actions filed in 2023 were the second highest of all time. As for where the risks lie in 2024, Allens said cyber claims will likely increase as coming reforms will make them ...

Pendal shutters costly equity fund

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... Waddington. A fee comparison dated June 2021 showed that the fund charged a whopping 1.45% in management fees per annum - the highest among the other Pendal products. "The cash proceeds from this termination will be paid directly to your nominated bank ...

Unmet financial advice needs affect millions in Australia

ANDREW MCKEAN  |  FRIDAY, 8 MAR 2024
... professional advice. On average, unadvised individuals are willing to pay up to $800 for investment property advice, the highest-rated need. Interestingly, those seeking retirement income stream advice are prepared to pay more ($800) compared to $570 ...

ASX settles $1.05m fine for transparency failures

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
... markets, underscoring that this enforcement action is a demonstration of the corporate regulators commitment to upholding the highest standards. "ASIC will continue to take action to ensure that market operators and market participants have robust systems ...

Best default super funds revealed

ANDREW MCKEAN  |  MONDAY, 4 MAR 2024
... Super's High Growth option not far behind at 7.8%. Looking at a 10-year performance period, Active Super achieved the highest returns at 8.5%, even amid Federal Court proceedings from ASIC over allegations of greenwashing. Aware Super's High ...

Long-term cost of super early release to be $85bn: SMC

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
... burden to peak at around $150 per taxpayer per annum in the 2060s, with those in their late 40s and early 50s having the highest tax burden," it said. "Over the course of a lifetime, a person currently aged 20 could be expected to pay an additional $2900 ...

Pay gaps at super funds, fund managers revealed

JAMIE WILLIAMSON  |  TUESDAY, 27 FEB 2024
... like its parental leave policy, are generous. About 67% of lower paying roles are held by women, while just 32% of the highest paying roles are. Finally, Aware Super has a median base salary gender pay gap of 21.3% and median total remuneration gap of ...

Super funds convene with assistant treasurer

ANDREW MCKEAN  |  MONDAY, 26 FEB 2024
... initiatives by super funds to improve service delivery. "The entire super industry is deeply committed to ensuring the highest possible standards of customer service - that's what Australians with their retirement savings in super rightly expect," ...

ANZ gets green light for Suncorp merger

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
... Chalmers. At the time of writing, Suncorp's shares have risen as much as 7.8% to $15.56. According to CommSec, this is its highest since August 2018. ANZ initially entered an agreement to purchase Suncorp Bank in July 2022.

Mergers a boon for super member growth

KARREN VERGARA  |  MONDAY, 19 FEB 2024
... activities drove most of the movement in member numbers. Mercer recorded a whopping 181% jump in membership growth - the highest amongst its peers - ending the period with 848,026 members thanks to the successor fund transfer with BT. AustralianSuper ...