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| | | ... balances of over $2 million taxed at 30%. "These changes would better target super tax concessions to their policy purpose, would not change savings behaviour, and would help make the system fairer," Grattan said. The second super measure is to increase ... |
| | | | ... 6, the AFSL of Oztures Trading, which trades as Binance Australia Derivatives, was cancelled. From April 14, clients will not be able to increase derivatives positions or open new positions with Binance. By April 21, all existing derivative positions ... |
| | | | AMP has announced the elevation of Diana Mousina to deputy chief economist. Working closely alongside AMP's chief economist Shane Oliver, Mousina is a key member of the AMP Investments team which oversees the management of funds for AMP's superannuation ... |
| | | | ... how digital advice improves consumer protection and reduces conduct risk at the same time. "I appreciate our definition is not the only definition," he said. "But we define digital advice very simply as the digital channel delivery of regulated personal ... |
| | | | ... personal products (23%), and 54 retirement products (34%). Retail super funds accounted for 28% of AAA-rated products, with not-for-profits, including industry funds, public sector funds, and corporate funds making up the remaining 72%. In the last 12 ... |
| | | | ... you've got a foundation of financial understanding to fall back on. Unfortunately, when that information and education is not readily available for people, short-term emotion driven thinking and pack mentality can come into play. "A lot of emotionally ... |
| | | | ... services. This workforce are often students, otherwise unemployed and in many cases, living with a disability. However, they are not entitled to Superannuation Guarantee contributions under the Fair Work Act 2009. The typical gig worker, working in transport ... |
| | | | ... Scheerlinck said. "Although applying the test to trustee-directed products from this year broadens the scope of scrutiny, it was not unexpected and falls short of our position that that all APRA-regulated accumulation products should be tested, including ... |
| | | | Changes to several abrdn funds are due to be rolled out this month, following the handover of its Australian equities business to SG Hiscock. The fund manager has notified investors that changes will be made to the abrdn Ex-20 Australian Equities Fund ... |
| | | | ... of controlling inflation has been assigned to central banks following years of experience with other arrangements that did not work out so well," Lowe said. |
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