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Showing 331 - 340 of 4536 results for "Dollar"

BT Super, Mercer merger completes

JAMIE WILLIAMSON  |  MONDAY, 3 APR 2023
... first announced in May 2022. At the time, it was estimated BT Super members would see a 25% fee reduction, including no dollar-based administration fee and reduced percentage-based administration and investment fees. Mercer's existing members were ...

Pay gap bill passes, effective next year

CASSANDRA BALDINI  |  FRIDAY, 31 MAR 2023
... compulsory super contributions are linked directly to salary," she said. "Because of the compounding nature of returns every dollar invested early in your working life can be worth four dollars at retirement. That means women retire with less than men ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
The potential super shake-up, which includes contentious provisions on pension payments and unrealised capital gains tax, has drawn criticism from a top AFSL. Under the existing Superannuation Industry Supervision (SIS) regulations, retirees must draw ...

Government targets ASX dominance

ANDREW MCKEAN  |  FRIDAY, 24 MAR 2023
... infrastructure, the ASX may experience a dynamic shift in its competitive landscape. The ASX accounted for 82.8% of total dollar turnover in equity market products during the December 2022 quarter, but its dominance may begin to diminish as businesses ...

Barings takes over Gryphon Capital

CHLOE WALKER  |  THURSDAY, 16 MAR 2023
The multi-billion-dollar global investment firm has agreed to acquire 100% of Sydney-based Gryphon Capital Partners (Gryphon), the parent company of wholly owned Gryphon Capital Investments (GCI). The deal aims to further accelerate Barings' entry ...

Australian Ethical adds to leadership team

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... company's impact framework and delivery. This will further ensure the company achieves maximum positive impact from every dollar of invested capital and from its significant advocacy and thought leadership agenda, Australian Ethical said. George ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... creditors vote in favour of a proposed deed of company arrangement that would see them receiving as little as 3.1 cents on the dollar. The Financial Services Council (FSC) welcomed the introduction of the CSLR and FAR legislation into Parliament as a ...

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
The Quality of Advice Review's final report (QAR) does not "trash" or go against the Future of Financial Advice (FoFA) reforms, says Association of Financial Advisers (AFA) chief executive Philip Anderson. Labeling QAR "the most important review of ...

AustralianSuper overhauls Member Direct fees

KARREN VERGARA  |  MONDAY, 6 MAR 2023
... fund told members. The cash account option will remove the percentage-based fee on the balance and replace it with a flat dollar portfolio administration fee. This is currently a charge of 0.12% per annum based on the balance and a $30 p.a. portfolio ...

Unindexed cap forecast to impact 500k people

CASSANDRA BALDINI  |  FRIDAY, 3 MAR 2023
If the government's $3 million superannuation cap is not indexed, it will adversely impact around 500,000 individuals who are currently saving for retirement or have already retired. Financial Services Council (FSC) analysis of ATO data found a ...