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Showing 771 - 780 of 5997 results for "Age"

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
... who believed them to be retired; and telling consumers they could access their super because they had reached preservation age even though he knew this was not true and other requirements must be met. Bhandari is also currently facing criminal charges ...

Australian farmland values in decline: Report

CHLOE WALKER  |  TUESDAY, 24 OCT 2023
Australian farmland values have reached an inflection point in 2023 following a sustained period of strong growth, according to Rural Bank's latest report. In collaboration with Digital Agricultural Services (DAS), Rural Bank's Australian Farmland Values ...

Taskforce unveils recommendations for economic equality

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... parental leave as an immediate point of action. The superannuation gap between men and women sits at about 23% at retirement age. At 60-64 years old, the men have $181,000 in superannuation on average, while women have $139,000. Referencing the Grattan ...

Super fund, insurer admin issues draw AFCA complaints

KARREN VERGARA  |  MONDAY, 23 OCT 2023
Life insurers and superannuation funds continue to pin systemic issues on administrative and legacy systems that have drawn customer complaints and, in some cases, led to large compensation payouts, according to the Australian Financial Complaints Authority ...

AAT overturns ASIC ban on investment guru

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
The Administrative Appeals Tribunal (AAT) has nullified ASIC's ban on Dominique Grubisa, an investment guru and DG Institute founder, from participating in credit activities and financial services. In 2022, Grubisa was banned for four years after ...

Mass-affluent population key to insurer sustainability: Report

JAMIE WILLIAMSON  |  FRIDAY, 20 OCT 2023
... development capabilities." It said insurers must look to develop innovative products and processes that help consumers to "age well". This includes digitally augmenting distribution to meet the ageing population's needs and deliver enhanced value ...

Lack of income stream drags local retirement system: Report

JAMIE WILLIAMSON  |  WEDNESDAY, 18 OCT 2023
... balance, Knox said. Other suggestions for how Australia could improve include moderating the assets test on the means-tested Age Pension to increase the net replacement rate for average income earners; introducing a government superannuation contribution ...

Calls for paid menopause leave gather momentum

JAMIE WILLIAMSON  |  WEDNESDAY, 18 OCT 2023
Aware Super will now offer employees paid menopause leave, as the Finance Sector Union (FSU) launches an industry-wide survey on the impact of menopause and menstruation in the workplace in tandem with World Menopause Day. The Australian Institute of ...

New advice firm hits Melbourne

CHLOE WALKER  |  WEDNESDAY, 18 OCT 2023
Launching in late October, Source Wealth will provide flexible, goals-based advice backed by technology. Source Wealth founder Michael Sauer brings nearly a decade of experience in financial services to the firm, having served at Tribeca Financial ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... premiums rose by 4.1% to $17.9 billion in FY23, fuelled by inflation and market-wide pricing adjustments, some of which were age-related and others in response to increasing claim costs and recent years' losses. "Following the sustained period of unprofitability ...