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Showing 341 - 350 of 3743 results for "Figure"

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
Choice products charge significantly higher and tend to underperform compared to MySuper options, new analysis by APRA finds. Ahead of unveiling the inaugural Choice Product Heatmap, the prudential regulator released staggering statistics that will ...

Unpaid super tops $5bn per year: ISA

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
... 890,000 of these people are under the age of 30, ISA said. Each year, the ATO only recovers about 12% of unpaid super; a figure ISA described as "dismal". "If the ATO is unwilling or unable to recover workers' savings the law should be changed so that ...

Future Fund becoming more expensive to operate

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
... would see the Future Fund charge significantly more. Currently, MySuper has a total cost ratio of 1.07% on average (see Figure 1). A major super fund like AustralianSuper charges 0.8% while some charge even less. Industry Super Australia argues that ...

Advisers closer to professionalisation: FASEA

KARREN VERGARA  |  THURSDAY, 21 OCT 2021
The Financial Adviser Standards and Ethics Authority said the advice industry is closer to reaching the professional status it is striving to achieve. This is based on new figures FASEA has released to show that advisers are taking educational qualifications ...

CFS fined $20m over super misconduct

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
... objectives, situation or needs. CFS has paid $67 million in remediation to about 5745 members. This is continuing, with the figure expected to rise.

RIAA, HESTA back key First Nations project

RACHEL ALEMBAKIS  |  WEDNESDAY, 13 OCT 2021
... make sure that whilst that particular incident wouldn't happen again, we could actually learn from it as active owners and figure out where our activities were best placed so that investors didn't face that risk anymore," HESTA head of impact Mary Delahunty ...

Big four bank complaints drop

ANNABELLE DICKSON  |  THURSDAY, 7 OCT 2021
... favour of the complainant, without the need to progress the case to an ombudsman for a formal decision." Locke said this figure showed firms are willing to work with AFCA and their customers to resolve the issues early on. "We also saw that when a complaint ...

Magellan cops $4bn drop

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
Magellan Financial Group recorded net outflows in its retail and institutional funds under management last quarter, bringing it back to June figures. The global equities strategy saw a $4 billion drop in FUM to $84 billion while infrastructure equities ...

Tax incentive could boost affordable housing: ISA

ELIZABETH MCARTHUR  |  MONDAY, 27 SEP 2021
In its submission to the federal government's inquiry into housing affordability, Industry Super Australia has suggested superannuation funds could play a key role in creating more affordable housing. "Simply increasing overall housing stock will not ...

More advisers switching practices

KARREN VERGARA  |  TUESDAY, 21 SEP 2021
Nearly 1700 financial advisers jumped from one practice to another in the year to August, Rainmaker's adviser movements pipeline shows. The newly launched database found 1689 advisers moved from one employer to another, while the month to August saw ...