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| | | ... November 2018. The Australian Financial Complaints Authority (AFCA) said it's also handled more than 300,000 disputes, an average of 200 complaints per day, over the past four years. AFCA explained banks, general insurers, credit providers, super ... |
| | | | ... one of the biggest challenges many advisers face is differentiation. "A recent study conducted in the US showed that the average adviser offers an average of seven services for their clients, and that trend is similar in Australia," Fischer explained. ... |
| | | | ... facing. In contrast, the Age Pension remains affordable for the government in Australia where, in aggregate, retirees on average have larger private retirement savings balances than in most countries in the world. "This helps cover costs during tougher ... |
| | | | Industry Super Australia (ISA) says the Your Future, Your Super performance test results show many poor performing super funds, particularly retail, have gamed the system, leaving members worse off. "Dud super funds manipulate fees and reclassify investment ... |
| | | | ... half cited they feel prepared for retirement, the report said. Non-retirees expect their income in retirement to be on average $3200 per month, however they perceive the income required for a comfortable retirement to be $4300 per month. Moreover, 47% ... |
| | | | Roy Morgan's Superannuation Satisfaction report shows an overall decline in super fund satisfaction, but several funds have bucked the trend. The report said that overall, funds scored a satisfaction rating of 67.9% in September 2022, a decrease ... |
| | | | ... (29%) of all respondents were only willing to pay less than $500 yearly for a financial adviser. The current industry average is $3529 per annum. This is a wakeup call for the wealth industry to seriously rethink of how we engage with younger Australians ... |
| | | | ... property, located in Mackay, was selected based on its attractive 7.24% equivalent market yield and 6.1-year weighted average lease expiry (WALE). The purpose-built, 13,843sqm industrial facility is 100% leased to Wesfarmers' safety supplies subsidiary ... |
| | | | ... last. "The main metric quoted by the media and financial planners to determine retirees' possible planning horizons is average life expectancy. In other words, an estimated lifespan based on 50% confidence," the report said. "Prudent financial planners ... |
| | | | ... firm Redington surveyed 122 firms globally, representing about $66 trillion in assets under management, and found the average team's gender split is 78% male and 22% female. Just 5% of investment teams comprise more than 40% women, while 60% of teams ... |
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