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Showing 641 - 650 of 6133 results for "Australians"

AustralianSuper under investigation for delayed death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 6 FEB 2025
AustralianSuper is being investigated by ASIC over delays in paying out death benefits, after it remediated members last year. AustralianSuper announced last November that it would compensate around 7000 beneficiaries with $4.2 million for death benefit ...

FAAA 'frustrated' as Dixon inquiry delayed

ELIZA BAVIN  |  THURSDAY, 6 FEB 2025
... steps to encourage significant growth in new entrants to the profession, improving the supply of advice to enable more Australians to benefit from the services of a professional financial adviser," the FAAA said. "Further action is also essential to ...

One more vote needed for $3m super tax

MATTHEW WAI  |  THURSDAY, 6 FEB 2025
... the taxation of unrealised capital gains and the lack of any indexation, so that over time it will impact many more Australians," Anderson argued. "We also object to the tendency of the government to continuously tinker with the tax settings for super ...

FundBase to launch platform for retail access to private markets

ANDREW MCKEAN  |  MONDAY, 3 FEB 2025
... sophistication among retail investors who are keen to participate in private capital investments. However, 84% of Australians are currently excluded due to income and asset requirements for wholesale investors. "Our vision is to create an inclusive space ...

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... increased fees incurred by professionals will make the cost of receiving financial advice prohibitive for many ordinary Australians. The cost of providing financial advice is already considerable." Financial Services Council (FSC) chief executive Blake ...

The regulatory pendulum has swung too far: FSC

ANDREW MCKEAN  |  FRIDAY, 31 JAN 2025
... because after all, who could object to that...? Whilst the incidence of the tax, who it will actually impact, is young Australians as a result of the deliberate decision not to index the $3 million threshold." Of the 500,000 working Australians who'll ...

Super fund promotional expenses balloon: APRA

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
Superannuation funds' promotional expenses continue to balloon as new APRA data shows that AustralianSuper has the biggest marketing budget while Hostplus continues to splurge on sponsorship deals. Hostplus splashed a staggering $13.7 million on ...

Financial services minister Stephen Jones to retire from politics

ANDREW MCKEAN  |  THURSDAY, 30 JAN 2025
... complexities of the system. His commitment to collaboration and meaningful change has make a real difference for millions for Australians for generations to come," Delahunty said. "We are immensely grateful for his leadership to help deliver better outcomes ...

FOMC holds rates as Chalmers boasts 'our inflation is lower'

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... progress on inflation with much higher unemployment, or with negative quarters of economic growth," Chalmers said. "What Australians have been able to achieve is an economy where growth has continued to tick over, albeit slowly, where unemployment has ...

SMC pushes for DBFO to curb retiree tax bills

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JAN 2025
Modelling by the Super Members Council (SMC) shows close to one million older Australians are paying more in tax by leaving their super savings in accumulation products. The SMC said 700,000 Australians aged over 65 and no longer working full-time have ...