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Showing 821 - 830 of 4067 results for "PAI"

Rest cuts administration fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
The industry fund has reduced asset-based administration fees across Rest Super, Rest Corporate and Rest Pension, saying its total fees are now at least 25% less than the industry average. Rest's asset-based admin fees, which are capped at $300, have ...

ASIC takes Mercer Financial Advice to court

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
Mercer Financial Advice is being sued by ASIC over fee for no service conduct that continued after the Royal Commission and impacted members of both a corporate and government super fund. The regulator alleges that between July 2016 and June 2019 Mercer ...

TIP Group appoints senior executives

CHLOE WALKER  |  THURSDAY, 30 JUN 2022
Teaminvest Private Group (TIP) has appointed Timothy Wong as its new head of TIP Equity and Michael Baragwanath as its new head of wealth. Effective July 1, Wong will be running the firm's private equity division and Baragwanath will oversee the group's ...

Retirement Income Covenant a win for advisers - but for how long?

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
The long-awaited Retirement Income Covenant comes into effect tomorrow and, with super funds unable to consider members' personal circumstances, there's a view that its introduction could significantly impact the financial advice sector - but ...

Women paid less at every age, rank: Data

CASSANDRA BALDINI  |  TUESDAY, 28 JUN 2022
Australian women in senior executive and chief executive roles at age 55 and over will take home $93,000 less per year than their male counterparts, new data shows. Workplace Gender Equality Agency conducted wages and ages: mapping the gender pay gap ...

ASIC obtains orders to freeze assets

ANDREW MCKEAN  |  TUESDAY, 28 JUN 2022
ASIC has obtained urgent interim orders from the Federal Court to freeze the assets of Ashley Vincent Arandez and four companies of which he is a director. The regulator sought these orders on an urgent, ex parte, basis because it is concerned Arandez ...

SMSF client education a concern: Report

JAMIE WILLIAMSON  |  MONDAY, 27 JUN 2022
SMSF advisers are calling for more educational content as concerns around client education mount, according to a new report. Investment Trends' 2022 SMSF Adviser and Accountant Report shows advisers want more educational content to assist them in servicing ...

ABE releases Rolls Royce bond

CHLOE WALKER  |  FRIDAY, 24 JUN 2022
It's one of the most luxurious automotive brands in the world and it now has its own bond linked security from the Australian Bond Exchange. Fixed at 5.5% per annum, the Rolls Royce bond linked security is the latest addition to ABE's offerings ...

RBA spotlights inflation risk of higher wages

ANDREW MCKEAN  |  WEDNESDAY, 22 JUN 2022
Minutes from the Reserve Bank of Australia's June board meeting revealed a risk of persistently high inflation as employees demanded a rise in wages to combat living costs. The minutes stipulated that should expectations of higher inflation become ...

Life Code update expands consumer protections

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
The latest iteration of the Life Insurance Code of Practice features more than 50 new consumer protections, including a ban on blanket mental health exclusions and greater limits on surveillance. The updated Code follows consultation with industry ...