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Showing 591 - 600 of 8004 results for "Average"

Licensees flout breach reporting regime: ASIC

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2023
... million affecting 7.2 million clients. Where clients suffered a financial loss in 71% of reports, the amount was $10,000 on average. A staggering two thirds of breaches were a result of staff negligence or error which licensees could have avoided if ...

Cost-of-living crisis puts young members at risk: Rest

ANDREW MCKEAN  |  TUESDAY, 31 OCT 2023
... sufficient super, despite being decades away from retirement. They're also more pessimistic about their future compared to the average Australian superannuation member. Rest chief executive Vicki Doyle said the research paints a "sobering picture" of ...

Frontier calls out structural super fund flaws

ANDREW MCKEAN  |  MONDAY, 30 OCT 2023
... their members. Statistics show that nearly half of retirees only draw the government-mandated minimum income, leaving an average of 30% of their accumulated superannuation funds untouched. Further, the asset consultant's research, which surveyed ...

Adviser numbers steady, but shortfall predicted

CHLOE WALKER  |  MONDAY, 30 OCT 2023
... Report, which found that while the number of advisers has decreased, those who are left are servicing larger client books on average.

Super member loyalty on the rise: Data

JAMIE WILLIAMSON  |  FRIDAY, 27 OCT 2023
... satisfaction was just 7.4, net promoter score was just +4, and retirement empowerment scored just 64% compared to the average 71%. This shows there is a large, untapped opportunity for super funds here, Monteath said. "The Retirement Income Strategy ...

High-performing firms reveal strategies behind success

KARREN VERGARA  |  FRIDAY, 27 OCT 2023
... other firms, while an owner earns gross profit of $809,163. Top firms also boast clients achieving $2675 in profit on average while it costs them $1940 in expenditure per client. Advisers working in a high-performing firm have 10.9 client meets per week ...

CFA final exam pass rate declines

CHLOE WALKER  |  THURSDAY, 26 OCT 2023
... who sat the Level III exam this past February and August of last year, respectively. It is also lower than the 10-year average pass rate of 52%. However, it was higher than the historically low pass rate of 42% in 2021. CFA managing director, education ...

Alternative assets are the way forward: Forum

CASSANDRA BALDINI  |  THURSDAY, 26 OCT 2023
... typical assets we think about from a liquid market perspective to gain yield," Choudhury said. He presented data on the average income levels from traditional assets over the past five years, showing that Australian dividend equity yielded less than ...

Life insurance complaints drop 24%

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2023
... reduction in life insurance complaints was only 7%. The time taken to resolve them took 107 days, down from AFCA's five-year average of 114 days. Across products, income protection complaints had the lion's share of total complaints, clocking 523 complaints ...

Australian farmland values in decline: Report

CHLOE WALKER  |  TUESDAY, 24 OCT 2023
... from the past two years, which saw first half growth of 11.2% and 11.8% respectively, this was a return to trend with an average first-half decline of 3.1% recorded in the five years prior to 2021, Rural Bank said. "The number of farmland transactions ...