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Showing 871 - 880 of 6133 results for "Australians"

New recruits top advice industry priority: FAAA

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... paying heftier levies that aggravate the costs of running a business and puts financial advice further out of reach for Australians. The latest figures from the Financial Advice Association Australia (FAAA) show that only 312 advisers entered the profession ...

Australian wealth rises to $16.2tn

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
... additional 0.4 percentage points to the quarterly growth in household wealth. Capspace managing director Tim Keith said Australians are stockpiling their wealth in residential property, raising the need for Australians to diversify into other asset classes ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... the associated risks," she said. "The amendments remove a potential risk to the retirement savings of millions of Australians; and follow ASFA's advocacy based on extensive consultation with industry over several years. "The revised rules acknowledge ...

Inflation spikes again sparking rate rise fears

ELIZA BAVIN  |  WEDNESDAY, 26 JUN 2024
Australians and the Reserve Bank of Australia (RBA) will be feeling disappointed after the Australian Bureau of Statistics (ABS) released the CPI indicator or May showing an annual increase of 4%, up from 3.4% in February. Canstar group executive, financial ...

Financial advice profession 'lacks consistent protocols'

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
... development a standard identification, reporting and escalation framework. Financial abuse affects a significant number of Australians, with the Australian Bureau of Statistics reporting that 1.6 million women and 745,000 men have experienced financial ...

AustralianSuper completes build-to-rent-to-own project

KARREN VERGARA  |  MONDAY, 24 JUN 2024
... solutions, and projects like Thompson Street demonstrate the kind of fresh thinking needed to create more homes for Australians now and strong, long-term returns for members in the future," he said. Assemble managing director Kris Daff said with AustralianSuper's ...

Super account advice fees a sticking point for advice bill: Senate inquiry

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
The government committee tracking the implementation of the Delivering Better Financial Outcomes (DBFO) reforms emphasised in its final report it wants "greater legal clarity" to how advice fees are deducted from superannuation fund accounts. The Senate ...

Early contributions boost retirement balances

ANDREW MCKEAN  |  FRIDAY, 21 JUN 2024
The superannuation gap of young Australians who contribute to their super earlier, compared to those who take the default contribution option has been confirmed by modelling from advice tech platform Otivo. Otivo's modelling reported that if younger ...

Betashares promotes key sales execs

ELIZABETH FRY  |  FRIDAY, 21 JUN 2024
Betashares has strengthened its distribution team with two key promotions as it moves to accelerate growth in superannuation, retirement, and retail wealth management. The promotions come just two days after Singapore's state-owned fund Temasek ...

Aussies' financial literacy declines, young people fare the worst

ANDREW MCKEAN  |  FRIDAY, 21 JUN 2024
... had cash-flow problems and 18.7% of households couldn't raise $2000 within a week. Additionally, more than half of Australians are reportedly just making ends meet or failing to do so. Ecstra chief executive Caroline Stewart said that despite the efforts ...