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Showing 41 - 50 of 662 results for "Weekly"

AFCA amends consumer compensation caps

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
... every three years in line with the higher of the percentage increase in the Consumer Price Index and the Male Total Average Weekly Earnings. Since its inception, AFCA said it has recouped $1.2 billion in compensation and refunds for more than 400,000 ...

Payday super a seismic change for the industry: ART

CHLOE WALKER  |  THURSDAY, 19 OCT 2023
... per year," he said. "We're going to see another 40% move from paying us 12 to 26 times, but some businesses pay wages weekly, so that means you will have to pay super 52 times per year." He said 1 July 2026 will be here before we know it, adding ...

Magellan mulls converting closed-end fund

KARREN VERGARA  |  TUESDAY, 17 OCT 2023
... sustained investment performance and engaging in an active on-market buy-back that is accretive to performance, he said. Weekly estimates as of October 13 shows that MGF recorded a NAV of $1.93. Since its inception in 2020, MGF has returned 4.4% per ...

Platform comparison fintech launches

KARREN VERGARA  |  TUESDAY, 22 AUG 2023
... an adviser has a retiree client who is conservative, wants flexibility on their pension payments, and wants to be paid weekly. SuitabilityHub then provides a universe of platforms ranked based on the most important features the adviser inputs," he said. ...

Unemployment rate rises as gender wage gap narrows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
... Australian workforce, are benefiting from strong gains in full time employment and robust wages growth. Full-time adult average weekly total earnings for women jumped 4.6% over the year to May 2023, well above growth in male average weekly earnings of ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
An industry super fund has announced a reduction in weekly insurance premiums for death, terminal illness, TPD, and income protection cover. First Super reduced the weekly cost of its default insurance cover, prompted by fewer than expected claims in ...

Equip Super sets sights on being different

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JUL 2023
... 0.25%, capped at $1100. It's an increase for Catholic Super members however, who to now have paid only 0.18%; their weekly admin fee is reducing from $1.80 to $1 though. On the product front, all investment options have been combined on the one menu ...

Young people 'locked out' of superannuation: ISA

ANDREW MCKEAN  |  TUESDAY, 11 JUL 2023
... ISA said about 375,000 young workers aren't entitled to compulsory super contributions, unless they work over 30 hours weekly with the same employer. This prevents an estimated $330 million annually from being contributed to the superannuation accounts ...

Cbus informs members of premium changes

JAMIE WILLIAMSON  |  TUESDAY, 4 JUL 2023
... professional workers. Manual workers will see a 17c increase per unit of death cover and 23c increase to TPD, bringing the weekly amounts to $2.06 and $2.80 respectively. Those in the Electech category will pay 14c more per unit of death and 19c more ...

Advisers outsourcing to amplify investment capabilities: Mason Stevens

ANDREW MCKEAN  |  TUESDAY, 6 JUN 2023
... outsourcing approach allows for better client outcomes. "Our investment committee meets quarterly with a subcommittee that meets weekly and on an ad hoc basis as needed. We also use Microsoft Teams as a channel for the committee members to throw ideas ...