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Showing 701 - 710 of 8307 results for "Retire"

Court approves Caddick SMSF class action settlement

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
The Federal Court has approved the settlement amount of $3.54 million for Melissa Caddick victims who brought a class action against auditors that failed to detect fraudulent activities in their SMSFs. Michael Chapman, a director at Mackay Chapman ...

RainmakerLive rebrands to Rainmaker MarketPro

STAFF WRITER  |  TUESDAY, 1 APR 2025
Rainmaker Information has rebranded the RainmakerLive terminal to Rainmaker MarketPro and introduced several key product updates. "Rainmaker MarketPro is the only local source of data and insights for wealth managers that is backed by global technology ...

Otivo launches AI-powered advice tool

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
Otivo has launched a new AI-powered advice tool that will give Australians "licensed financial advice" named Ask Otivo. The digital advice platform said the two-way, real-time advice tool is Australia's first AI-powered platform that will provide personalised ...

Qantas Super, ART merger official

KARREN VERGARA  |  MONDAY, 31 MAR 2025
Qantas Super and Australian Retirement Trust (ART) officially merged on March 29. About 25,000 members with $9 billion in funds under management (FUM) have moved from Qantas Super to ART. Qantas Super chief executive Michael Clancy said: "It has been ...

Not one trustee tracked end-to-end claims handling times: ASIC

ANDREW MCKEAN  |  MONDAY, 31 MAR 2025
A review of major superannuation trustees by ASIC found that not even one monitored or reported on the full process of death benefit claims handling. The review of superannuation trustees including, Australian Retirement Trust, Avanteos (Colonial First ...

Rest awards US$300m mandate to Miami-headquartered investment manager

ANDREW MCKEAN  |  MONDAY, 31 MAR 2025
... members, he said. "The majority of our members are decades from retirement, so we think deeply about the world they will retire into, as well as the megatrends likely to influence global society and the economy over the long term," he said. "With a focus ...

AMP introduces geared retirement options

MATTHEW WAI  |  MONDAY, 31 MAR 2025
AMP's North has worked with Betashares to introduce Australia's "first targeted geared retirement series." Unveiled today, the Betashares Moderately Geared Managed Account Portfolios, now added to North, are designed to increase exposure to defensive ...

Jones clarifies scope of new class of adviser

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
Minister for financial services Stephen Jones has ruled out talk that the new class of adviser could provide holistic personal retirement advice and acknowledged the need to reform the Compensation Scheme of Last Resort (CSLR) during a post-budget briefing ...

Insurance in super remains a mystery to millions of Australians

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
... low-income, blue-collar worker paying for death, total and permanent disability (TPD), and income protection insurance could retire with $85,000 - or 14% less - than if they had no insurance. In an extreme case, the retirement income shortfall could ...

APRA levy to cost $243m in FY26

KARREN VERGARA  |  FRIDAY, 28 MAR 2025
The total cost to keep APRA's enforcement activity going is set to be $243 million in the 2026 financial year, with the superannuation industry taking up about 30% of this amount. Super funds have been allocated $72.9 million to fund APRA's operations ...