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| | | Cbus has agreed to pay $23.5 million to settle the matter brought against it by ASIC in relation to delayed death benefit payments to members. A Cbus spokesperson told Financial Standard the super fund co-operated with the regulator throughout the legal ... |
| | | | At any given opportunity, policymakers and industry leaders love to boast about Australia's 'world-class' $4.3 trillion superannuation system. While investments and performance have been impressive and the system has taken the pressure off the government ... |
| | | | For much of the past year or so, there has been a great deal of focus on the superannuation industry and its processing of insurance claims, largely owing to immense delays at some of the largest institutions. Stories have emerged of the likes of AustralianSuper ... |
| | | | ... the highest he's seen in several years. "We've actually seen a number of former members that have said they would love to be part of this and have rejoined. So, we're really excited in terms of the proposition that offers for our members ... |
| | | | Not done with pulling Clime Investment Management out of the red, managing director Michael Baragwanath's bold plans to turn the ship around entail a product and culture overhaul, and even giving away his short-term incentives (STI) to staff. After ... |
| | | | ... an individual or couple's circumstance. There is, however, a glut of Australians who do not have complex needs. "They love the benefit of lower fees, full transparency, access to advisers, a beautiful dashboard and great service," she says, noting ... |
| | | | ANZ has copped a whopping $240 million fine for bank-wide "unconscionable conduct" that includes admitting it was guilty of misleading the government over the $14 billion bond scandal. The misconduct relates to five separate matters spanning the retail ... |
| | | | ... is lifting the retirement incomes for millions of everyday Australians, ensuring they have more money for the things they love and need," she said. "Without super and with Australia's population ageing, the Age Pension would be under enormous strain ... |
| | | | Women beginning their careers in 2025 with a 12% super guarantee (SG) rate in place could have as much as $400,000 more in retirement, new HESTA modelling suggests. The modelling showed women representative of the average HESTA member were projected ... |
| | | | New research conducted by the peak body of life insurance indicated close to half of young Australians want financial advice on life insurance, but only one in 10 receive it. The Council of Australian Life Insurers (CALI) said more Australians between ... |
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