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| | | ... competition among super funds for new members, and we know that funds seek to attract members with promises their investments will not be exposed to certain industries," ASIC deputy chair Sarah Court said. "When making these claims super funds must have ... |
| | | | Amid the Financial Adviser Class Action fallout, AMP has suspended its capital return, with a resolution expected by year-end. AMP has set aside a $50 million provision, reflecting its preliminary assessment of potential liabilities associated with ... |
| | | | ... affected members who are invested in the Australian Shares option only. "Between 2 June and 23 June 2022, a franking credit was not accrued for in the crediting rate in the Australian Shares option," a spokesperson said. About 6800 members were affected ... |
| | | | ... $3.6 million from its customers but paid only $1.1 million of this money to creditors. Over half (64%) of these customers did not have payments made to their creditors at all. The fees Solve My Debt Now charged for its services exceeded the amount the ... |
| | | | ... would need to generate 4.1% returns after costs to just break even. "... and to break even on a cash basis only, this does not account for the investment risks borne by the Future Funds," he highlighted. As per APRA's assessment, the Future Fund ... |
| | | | An industry super fund has announced a reduction in weekly insurance premiums for death, terminal illness, TPD, and income protection cover. First Super reduced the weekly cost of its default insurance cover, prompted by fewer than expected claims in ... |
| | | | ... to work productively while maintaining their current work from home arrangements." "The return to office mandate is clearly not necessary and we are therefore disappointed that CBA has chosen not to address these significant concerns during the Fair ... |
| | | | ... volatility smooths out in the long run, markets are unpredictable in the short run. The best performing asset class one year is not guaranteed to be the best the following year, and vice versa," Gopal said. "Take bonds for example - last year, fixed ... |
| | | | ... the proceedings that we filed last week, we allege that eToro contravened the design and distribution obligations laws by not having in place an appropriate or adequate target market determination for CFDs - which, as noted above, are high-risk, complex ... |
| | | | ... three investment options on offer, we're targeting returns which match industry benchmarks. We emphasise the importance of not disadvantaging those who choose to align their investments with their faith and values," he said. Hejaz Islamic Super and ... |
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