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Showing 811 - 820 of 6051 results for "Age"

Aussie banks deliver record profits in FY23

CASSANDRA BALDINI  |  TUESDAY, 14 NOV 2023
Australia's major banks have achieved skyrocketing returns of $32.5 billion, up 14% from last year, driven by loan growth, margin expansion and the continued decline in notables. This year, profits exceeded the previous record set in 2017 at $31.2 ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
Treasury has released long-awaited draft legislation to reduce administrative burdens of financial advisers but is missing key pieces, such as the elimination of the Best Interests Duty and the overhaul of the Statement of Advice (SoA). Released today ...

Prime Value launches retirement living fund

KARREN VERGARA  |  FRIDAY, 10 NOV 2023
... and 834 dwellings, delivering an IRR more than 20% p.a. Three of the villages are more than 30 years old, with the average age of 28 years. Stockland sold the Victorian properties to Prime Value for a total of $89 million in December 2020. They are operated ...

Wealth managers seek better data warehouse solutions: BNP Paribas

CHLOE WALKER  |  FRIDAY, 10 NOV 2023
Wealth managers are increasingly demanding better ways to access and utilise data from their custodians and expect advances in artificial intelligence (AI) to make this possible, according to BNP Paribas. "They want to know what we know and what we ...

Aussies value super but remain unprepared: Data

CASSANDRA BALDINI  |  WEDNESDAY, 8 NOV 2023
... retirement, super fund members need better access to relevant tools, information, education and advice well before retirement age - waiting until members transition to retirement is simply too late." Although the Quality of Advice Review (QAR) proposal ...

ASIC updates qualified tax relevant provider definition

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
Financial advisers who are both a relevant provider and a registered tax agent now satisfy the definition of a "qualified tax relevant provider" without having to undertake specific courses, according to ASIC. The corporate regulator said it made a ...

Australian Unity to sell off failed development

CHLOE WALKER  |  MONDAY, 6 NOV 2023
Australian Unity has been forced to put a half-completed apartment building up for sale because of "ongoing construction-related issues." In a recent letter to investors of the Australian Unity Select Income Fund, Australian Unity said that after having ...

Hollywood strike plays havoc with film fund

CASSANDRA BALDINI  |  FRIDAY, 3 NOV 2023
The AEP Screen Fund has not been able to raise a single dollar due to the ongoing strike action in Hollywood, but GSFM chief executive Damien McIntyre is confident the money will pour in once a deal between actors and production companies is signed. ...

NGS Super launches retirement savings strategy

CASSANDRA BALDINI  |  WEDNESDAY, 1 NOV 2023
... their cash bucket, while their growth bucket remains invested in assets designed to generate long-term returns. Before the age of 75 drawdowns are higher than the legislated minimum amount, at 6% of the member's account balance. When the money in the ...

TelstraSuper launches option, retirement tool

KARREN VERGARA  |  TUESDAY, 31 OCT 2023
... the impact of investment changes and lump sum withdrawals, or extra contributions made, and if a member is entitled to the Age Pension. Retirees can estimate if they are on track to achieve their lifestyle goals and see what impact different scenarios ...