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Showing 61 - 70 of 100+ results for Karren Vergara

Meat industry super fund rebrands

KARREN VERGARA  |  MONDAY, 9 OCT 2023
Industry fund AMIST Super will be known as Australian Food Super from today as it sets out to expand its membership base. Australian Food Super chief executive Murray Rutherford said the super fund, which has its heritage in the meat industry, is broadening ...

AMP shareholder class action settlement slashed

KARREN VERGARA  |  MONDAY, 9 OCT 2023
Disgruntled AMP shareholders are set to receive $84 million out of the $110 million class action settlement after legal fees are taken out should the court approve the proposed amount. Maurice Blackburn will take a $26 million cut of the settlement ...

Advised Aussies more financially confident: Research

KARREN VERGARA  |  FRIDAY, 6 OCT 2023
New research finds that 75% of Australians earning $120,000 or less per annum feel financially confident with the help of a financial adviser compared to those who aren't advised. The survey of more than 1000 respondents canvassed by the Financial Planning ...

Adviser cops 10-year sentence

KARREN VERGARA  |  FRIDAY, 6 OCT 2023
A former financial adviser who took more than $10 million from clients to fund his lavish lifestyle will spend the next 10 years in jail. Judge Wraight sentenced Terence Rio Nugara to nine years and 11 months imprisonment at the Victoria County Court ...

ASFA names acting chief, chair

KARREN VERGARA  |  WEDNESDAY, 4 OCT 2023
The Association of Superannuation Funds of Australia (ASFA) has appointed an interim chief executive and announced that its current chair has been reappointed. Leeanne Turner is now the acting chief of the association, assuming Martin Fahy's role ...

Bullock keeps cash rate at 4.10%

KARREN VERGARA  |  WEDNESDAY, 4 OCT 2023
The Reserve Bank of Australia (RBA) governor Michele Bullock has left the cash rate at 4.10% for the month of October. Announcing the latest monetary policy decision whilst taking the helm for the first time, Bullock left the door open for potential ...

AZ NGA acquires stake in $1bn advice firm

KARREN VERGARA  |  WEDNESDAY, 4 OCT 2023
AZ NGA will acquire an undisclosed stake in a Western Australian practice that has $1 billion in funds under advice. The Wealth Designers (TWD) is the latest addition to AZ NGA's stable, joining member firms McKinley Plowman, Wealthwise, and On-Track ...

Super tax break changes open for consultation

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
Treasury's clampdown on tax concessions for superannuation balances greater than $3 million has been laid out in its draft legislation and is now opened for consultation. From 2025-26, the proposed law states that for members with total superannuation ...

Insto injects further $530m in Qualitas

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
An unnamed institutional investor has injected an additional $530 million into a Qualitas strategy, bringing it closer to its total $1 billion commitment. Qualitas' Private Income Credit Fund (QPICF) now has $750 million in total. Qualitas said that ...

Risk sector grows 4%: Research

KARREN VERGARA  |  FRIDAY, 29 SEP 2023
The life insurance industry climbed 4% to $18.4 billion in the year to June 2023 despite the number of risk advisers fleeing the industry. The latest data from Plan For Life shows that TAL continues to hold the lion's share of the group insurance and ...