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| | | ... retirement balance sits at $200,000. "When the time comes to retire, there are huge decisions to be made about how to manage that money and get the most out of it. Australians expect that their super fund will be ready to help them navigate it," he said. ... |
| | | | ... this opportunity, however, LGT Crestone said financial advisers will need to combat HNWI's concerns over the misuse of money and tax implications. "While it is only 10% who report feeling "very worried" about wealth transfer, their top concern is ... |
| | | | ... industry, Watson said a focus on customer and member outcomes is paramount but needs to be provided so that life companies make money over the medium/long term to reinvest in their business. "There are opportunities for the industry to become more efficient ... |
| | | | ... location. The FSU said CBA employees had complained to the union that returning to the office would force them to spend more money on things like commuting and childcare while also impacting their productivity due to the hours lost travelling to and ... |
| | | | ... According to Rainmaker's Benchmarking research note, an interesting trend has emerged among institutional investors pulling money out of active fund managers that were subject to structural changes since the Banking Royal Commission. Some of the ... |
| | | | ... upon takeover in March. SVB Financial Group said an inability to access the funds has impacted its reorganisation as the money should be generating more than $100 million in annual interest, Reuters reported. In March, the parent company commenced a ... |
| | | | ... across all superannuation, $4 trillion is likely to be owned by retirees. "These figures have huge implications for how this money is invested," Rainmaker warned. Reflecting fund consolidation, the 10 biggest super funds already control half of all the ... |
| | | | ... and asset managers over the next one to two years. "Outperforming the market, and even outperforming low-risk deposits and money market funds, will be challenging in this exacting, post-Covid environment," the report said. |
| | | | ... identify and implement necessary remedial actions to enhance the company's trade surveillance, client onboarding, and client money handling procedures. In response to these findings, Openmarkets said under a new leadership team, the company has transformed ... |
| | | | ... valuations, confirming the group was looking into longstanding adviser contracts with a view to saving shareholders' money. In July 2020, the advisers filed the class action against AMPFP. At the time of filing, The Advisers Association (TAA) chief ... |
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