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| | | The Federal Court this morning has ruled in favour of disgruntled AMP Financial Planning advisers who saw the value of their practices deteriorate after the parent company controversially changed its Buyer of Last Resort (BOLR) rules. In handing down ... |
| | | | ... all costs to vulnerable customers, namely those living in remote areas and First Nations people, many of whom English was not their first language. Staff was rewarded with trips to the Gold Coast, Las Vegas, and Hawaii, and even a Vespa scooter. ASIC ... |
| | | | ... some Australians up for 7% wage increases, others demanded the same and that was reflected somewhat in the figures. While not everyone will get what they want, she said a tight labour market means employers need to oblige to some extent. Meanwhile, the ... |
| | | | The recent surge in equities should see MySuper products return an average of about 9% for FY23, according to Rainmaker Information - a finding supported by those funds that already released figures. Modelling by Rainmaker shows superannuation returns ... |
| | | | ... members. By the end of June, 1563 AFA members had successfully transitioned to the FAAA, while 146 expressed their intent not to transfer. The remainder includes duplicate members, those who started the process but haven't completed it, and others who ... |
| | | | ... Capital, Avalon Pacific Group (APG) and ASAF Critical Metals and its Australian subsidiary, Aus Streaming. Sutton was deemed not a "fit and proper person" to provide financial services as he induced people to deal in financial products by making a statement ... |
| | | | ... Australian superannuation funds that also hold this investment through their private equity programs," Morningstar said. ART does not invest in Canva. Fisher said the portfolio allocation to private equity is currently small. The fund tends to target ... |
| | | | Almost all Cbus members will see their death and TPD premiums drop next month, however most of the fund's older members will pay more. Premiums will rise from August 26, members were told, with the industry fund saying the increase for older members ... |
| | | | More member assets are held in Choice products than in MySuper options, according to quarterly superannuation industry statistics by APRA. As of March 31, Choice products held $1.09 trillion of the total member assets held in APRA-regulated funds ($2.1 ... |
| | | | Mercer has appointed three non-executive directors to its fiduciary boards, bringing experience at the likes of J.P. Morgan and Sunsuper. Former APP Securities chief executive Sangeeta Venketasan and State Super senior investment counsel David Hartley ... |
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