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| | | The Financial Services Council released two new standards, one of which helps members abide by the newly mandated advice fee consent requirements. FSC members will need to comply with FSC Guidance Note No. 43 from 1 January 2022, which was constructed ... |
| | | | ... of fees, the data shows MySuper products have improved, but there is still a way to go for several funds. In December 2019, one quarter of MySuper products charged total fees and costs of more than $646 per annum on a $50,000 balance. This has since ... |
| | | | Several superannuation funds that flunked the inaugural Your Future, Your Super test, are also failing Choice members, the latest APRA heatmaps reveal. The prudential regulator slapped retail and industry superannuation funds alike with the lowest grade ... |
| | | | ... departures of some of the super industry's most respected and long-serving names were also big news. That said, there is one non-super story that made the cut; IOOF's unexpected rebrand following its acquisition of MLC Wealth managed to sneak ... |
| | | | The life insurer has made a series of appointments to its retail distribution team in the hopes of strengthening its licensee and adviser relationships. Four new additions have been made, reporting to general manager of retail distribution partnerships ... |
| | | | ... might appear, hardly any of the four million or so Australians aged 65 and over have taken it up, perhaps as few as 5000 - one in every 800," they explained. "So, in this year's May budget the government announced two changes to make it more attractive. ... |
| | | | Crestone Wealth Management is set to be acquired by one of the world's largest privately owned wealth managers, LGT Group. Under the agreement, LGT Group will acquire 100% of Crestone for $475 million. "The proposed transaction would enable Crestone ... |
| | | | ... services, and the digital economy Jane Hume at the event. Both ministers agreed that unpaid super is a significant issue, yet no one can agree on the exact figure. The ATO calculates $3.5 billion while ISA believes the figure to be $5 billion. "It's ... |
| | | | Civil penalty proceedings have commenced in the Federal Court against OnePath Custodians for allegedly charging super fund members fees for no service, filed by ASIC. ASIC is alleging OnePath incorrectly charged more than $4 million in fees to more ... |
| | | | ... investors in the region advance along their ESG journey, the need to find the right ESG investment solutions is an urgent one. Xinting will work with them to understand the relationship between ESG integration and performance, the possibility of integrating ... |
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