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Showing 591 - 600 of 8106 results for "Total"

ASIC funding levy to charge advisers $46.2m

KARREN VERGARA  |  FRIDAY, 4 JUL 2025
... publish resources that will help licensees improve the security of client data when sending it offshore," ASIC said. The total levy estimates budgeted for advisers for 2025 is slightly lower than the amount ASIC estimated for the prior year of $48.4 ...

AMP actions impacted 'hundreds of thousands' of customers: Shine

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... erosion of their retirement savings. Shine Lawyers said the class action is open to individuals who held life insurance, total and permanent disability (TPD) insurance and/or salary continuance insurance through an AMP super fund between June 2019 and ...

CSLR releases revised levy estimate

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... is not taken, putting the ongoing existence of the scheme at risk." Abood said the small reduction of $2.8 million in the total estimated CSLR cost for the financial advice sector is because of a delay in the processing of known complaints, not a reduction ...

Fees for no service see former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
... failed to investigate the conduct and implement systems to prevent it from happening again and did not refund the fees. In total, the fees collected amounted to $81,653 plus interest. ASIC said she failed to fulfill her duties as a director while she ...

AMP hit with multiple court filings

ELIZA BAVIN  |  THURSDAY, 3 JUL 2025
... allegations of higher premium payments by certain members of AMP's superannuation funds for life insurance (death only cover, total and permanent disablement cover and income protection cover) during the period 2019 to 2024," AMP said. AMP confirmed ...

Local assets help deliver 12% for ART

KARREN VERGARA  |  WEDNESDAY, 2 JUL 2025
... drove outcomes last financial year, it was domestic assets that shone. "Australian companies pay high dividends and on a total return hedge basis, local equities did somewhat better than global equities for the year," he said. APRA's March 2025 data ...

Average super balance grows to $172k: ATO

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... income tax positions of individuals, companies, trusts, super funds and partnerships shows it collected $577.4 billion in total tax revenue in FY23. Some 4.2% came from super funds or $24 billion, while individuals contributed the highest with $298 billion ...

ASIC releases new relief for reportable situations regime

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... rectification from 30 days to 60 days. It also increased the number of impacted consumers from five to 10, as well as the total financial loss or damage to consumers from $500 to $1000. If a breach satisfies all these thresholds, it is not deemed reportable ...

APRA dissects retirement products for the first time

KARREN VERGARA  |  FRIDAY, 27 JUN 2025
... superannuation sector has on offer. The data reveals that retirement products have a balance of $362,000 on average from a total of 1.4 million member accounts. This trumps the average balances of MySuper, Choice accumulation and Choice transition to ...

Australian Ethical drops fees

ELIZA BAVIN  |  FRIDAY, 27 JUN 2025
... applied only to members with insurance. Standard Default Cover members will experience an increase in the amount of Death and Total & Permanent Disablement (TPD) insurance cover they receive, while Death and TPD cover for others will become or remain ...