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Showing 71 - 80 of 662 results for "expenditure"

FCA mulls capital requirements for firms giving bad advice

ANDREW MCKEAN  |  THURSDAY, 30 NOV 2023
... (FSCS) paid out nearly £760 million for poor advice by insolvent personal investment firms between 2016 and 2022. This expenditure was primarily caused by 75 firms, accounting for 95% of the total compensation. The FCA's proposed measures are designed ...

Uniseed partners with major Aussie universities

CASSANDRA BALDINI  |  WEDNESDAY, 15 NOV 2023
... set of partners will allocate approximately $7.7 billion annually for research, including 60% of the total research expenditure by all research organisations in Australia. Through this expansion, Uniseed's representation will increase from 43% to ...

High-performing firms reveal strategies behind success

KARREN VERGARA  |  FRIDAY, 27 OCT 2023
... profit of $809,163. Top firms also boast clients achieving $2675 in profit on average while it costs them $1940 in expenditure per client. Advisers working in a high-performing firm have 10.9 client meets per week and service twice as many clients than ...

Best and worst ETFs of past 12 months

ANDREW MCKEAN  |  THURSDAY, 12 OCT 2023
... clean energy stocks have faced headwinds of rising interest rates which have increased borrowing costs and capital expenditure outlays." Taking the worst hit, the Global X Physical Palladium (ETPMPD), plummeted by 41.7%. The decline mirrors the broader ...

Ireland to create new sovereign wealth fund

JAMIE WILLIAMSON  |  WEDNESDAY, 11 OCT 2023
... intended to preserve the fund over a longer period and that the investment return would be used to support government expenditure. It will be a matter for the government of the day when the drawdown occurs to use the return from the fund appropriately," ...

APRA moves to unmask super funds' spending secrets

ANDREW MCKEAN  |  WEDNESDAY, 11 OCT 2023
... for investment expenses. It also plans to disclose total expenses at an individual fund level by category, including expenditure for marketing and sponsorships, industrial bodies, related parties, director and executive remuneration, and political donations ...

APRA moves to ensure improved member outcomes

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
... superannuation, including requiring trustees to justify business-related expenses. The regulator's changes seek to align expenditure requirements more closely with the best financial interest duty and for the retirement phase, support the retirement ...

Cost-of-living crisis will persist into future: Study

KARREN VERGARA  |  FRIDAY, 15 SEP 2023
The financial confidence of older Australians continues to take a beating thanks to mounting cost-of-living pressures, as many feel they will struggle with it well into the future, a new study shows. Eighty percent of people aged 50 years old and over ...

Ring-fencing super for aged care adds complexity, cost: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 13 SEP 2023
In a submission to the Aged Care Taskforce, which is currently evaluating the fairness and sustainability of aged care funding in Australia, the Association of Superannuation Funds of Australia (ASFA) has voiced strong opposition to ring-fencing superannuation ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... Australia (ASFA) and Super Consumers Australia (SCA) to increase their retirement standards. According to ASFA, the annual expenditure needed to reach its comfortable retirement standard rose 0.5% in the June quarter to hit a record high of $70,806 per ...