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| | | ... Rainmaker said. This, despite APRA data showing that only 3.3% of retirement age members in not-for-profit and retail super funds have more than $1 million in their super account. Almost half of the total have less than $100,000 in retirement savings. ... |
| | | | ... under management (AUM) of $1.3 trillion is where most Australians park their money, growing 15% year on year. Retail super funds' AUM grew at a slower pace of 8% to reach $713 billion. There are now 108 APRA-regulated entities with more than six members ... |
| | | | ... growth leveraged to decarbonisation solutions." Singh called investing in listed impact opportunities "exciting" for super funds. "While impact investments are more commonly found in private markets, the opportunities in public markets are rapidly evolving ... |
| | | | The median gender pay gap on base salaries across financial services is 23.6%, according to the Workplace Gender Equality Agency (WGEA), with individual employer pay gaps reported for the first time as part of the government's strategy to solve ... |
| | | | Superannuation funds have been heavily reliant on equities for the last decade compared to their global peers, a new study reveals. The latest study by Willis Towers Watson's Thinking Ahead Institute finds that Australia's superannuation funds continue ... |
| | | | ... Council (SMC) met with assistant treasurer Stephen Jones to explore strategies for bolstering customer service. Industry super funds, in collaboration with the SMC, initiated a roundtable discussion last week with Jones, focusing on how the government ... |
| | | | ... government implements its proposal to expand financial advice. This is according to industry experts who say that super funds are in good stead to bolster the availability and affordability of "simple personal advice" as part of the Delivering Better ... |
| | | | ... informed options, and the advice and adviser network to deliver the very best outcomes in retirement. Self-managed super funds are an integral part of that choice," he said. "Self-managed super was a key component of the original practice legislated ... |
| | | | ... Jones revealed the first two tranches of the QAR reforms. The second phase proposes opening financial advice to banks, super funds, and insurers. On the point that accountants appear to be missing from the Delivering Better Financial Outcomes proposed ... |
| | | | ... scrutiny via Your Future, Your Super are driving demand for risk and compliance talent. Ongoing consolidation among super funds and sustained growth in funds management, particularly alternative managers, are also driving demand, she said. However, despite ... |
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