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Showing 641 - 650 of 4084 results for "Savings"

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... timely information to members about superannuation fees," she said. "Members should be confident that their retirement savings are not reduced over time by superannuation trustees making deductions from their accounts they are not entitled to make." ...

Future Group acquires Verve Super

JAMIE WILLIAMSON  |  WEDNESDAY, 29 NOV 2023
... continues within the Future Group structure." Verve Super has close to 7000 members with about $271 million in retirement savings, equating to an average balance of about $40,000. Its objective since launch has been to narrow the gender savings gap in ...

Gender pay gap trends down: WGEA

KARREN VERGARA  |  TUESDAY, 28 NOV 2023
... increase of three percentage points to 86%. "This is a sign that more employers are taking action to ease the retirement savings gap for women," Wooldridge said. Flexible work appears to be more embedded in workplace culture more than ever. Not only ...

Commonwealth Super Corp selects Challenger for retirement products

CHLOE WALKER  |  TUESDAY, 28 NOV 2023
... APS and ADF in their retirement. "Like many older Australians, a significant cohort of CSC customers are worried their savings will run out, leading many to 'under retire' and unnecessarily reduce their quality of life," Hamilton said. "Leveraging our ...

Praemium plummets on weak financial outlook

ANDREW MCKEAN  |  THURSDAY, 23 NOV 2023
... Portfolio Services (IDPS) set for a 2024 launch, and operational transformation review that's expected to yield cost savings. Praemium expects a considerable uptick in underlying EBITDA from its strategic initiatives, with most benefits projected ...

Small, large entity regulation needs balance: APRA

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... with UK firm Engine by Starling to launch the technology platform to house small business owners' transaction and savings accounts. "AMP Bank's near-term performance will continue to be affected by current market conditions. Current market conditions ...

Super Members Council names chief executive

ANDREW MCKEAN  |  TUESDAY, 21 NOV 2023
... is a great responsibility and opportunity to build a powerful voice for those 10 million Australians who entrust their savings with profit-to-member super funds," Schubert said. "I thank the SMC Board for their confidence and am excited to help write ...

Insignia Financial finds buyer for Millennium3

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
... Insignia, M3 contributed approximately $6.3 million of net revenue and made a pre-tax loss of $2.3 million in FY23. The cost savings from the divestment are included in the $175 to 190 million of annualised benefits announced in July 2023. The group ...

Australian Retirement Trust adds $12.3bn via CBA Group Super transfer

JAMIE WILLIAMSON  |  MONDAY, 20 NOV 2023
... October 20. In total, it will add 63,700 to ART's existing 2.3 million members, bringing $12.3 billion in retirement savings with them. This bumps ART's total funds under management to about $272 billion. As previously flagged, the merger is ...

Objective of super bill lands in parliament

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
... Superannuation (Objective) Bill 2023, which was introduced to Parliament yesterday, defines the objective of super as "to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way." ...