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| | | ... positions to protect against downside risk when markets were strong, only to be penalised under the current test. The same problem would inevitably occur for retirement income products," Chant West said. |
| | | | ... support a career that creates a feasible saving plan for the long term. "Retirement is changing dramatically, and one big problem we've got is that state governments around the world, they're looking at state pensions and saying, 'oh well ... |
| | | | Despite the uncertainty facing the financial advice sector, Financial Planning Association of Australia chief executive Sarah Abood says she's never felt more optimistic about the future. Welcoming more than 1200 delegates to the 2022 FPA Professionals ... |
| | | | Fortnum Private Wealth has launched a Business Optimisation Service (BOS) to help advisers improve the quality, profitability, and capital value of their businesses. The BOS program is currently being rolled out across Fortnum's network of over 90 practices ... |
| | | | ... operators to review the design of their platforms, saying gamification is being used in ways that mislead consumers and create problem behaviours. The regulator said design features like regular push notifications providing market updates, in-app points ... |
| | | | ... he said. "One of the things Michelle Levy says is that you don't need SOAs because you have file notes. Well, the problem with that is that clients don't get file notes." He likened it to buying a fridge and being told you don't need a warranty ... |
| | | | APRA has released a discussion paper that outlines proposals to ensure trustees prepare for, manage, and execute successor fund transfers more smoothly, and efficiently. APRA's proposals have been prompted by heightened transfer activity in the industry ... |
| | | | Super funds and other shareholders could be in a position for a second time this year to approve a proposal to privatise an electricity provider, as Brookfield and MidOcean Energy bid to take over Origin Energy. Brookfield and MidOcean, an LNG company ... |
| | | | ... levels well beyond those consistent with the inflation target," Oliver said. He added that inflation may also be less of a problem in Australia due to energy prices not doubling as we've seen in Europe. Wage growth remaining lower, money tightening by ... |
| | | | ... achieve a joint annual income of $64,000. Finder superannuation expert Alison Banney said insufficient super is a growing problem. "Millions of Australians are not actually able to save enough to walk away from their jobs. Most people aspire to retire ... |
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