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| | S&P Dow Jones Indices Australia has today released its Persistence Scorecard Mid-Year 2021, revealing that the majority of Australian fund categories overall showed weak performance persistence in top-performing funds across three- and five-year periods. ... |
| | | While Australians believe they are well prepared for retirement, many are worried about the political risks they face once they are retired, research suggests. Illness remains the biggest worry Aussies face in their later years, but regulatory changes ... |
| | | Australian crypto trading platform myCryptoWallet is in liquidation, with investor money trapped. Launched in 2017, myCryptoWallet marketed itself as "Australia's most advanced digital currency solution" with zero fees. On 3 December 2021, it was resolved ... |
| | | The Australian Financial Complaints Authority (AFCA) today launched a new digital platform to help financial services firms better manage disputes that reach the ombudsman service. The new AFCA member benchmarking dashboard is an interactive platform ... |
| | | Retirees continue to bear the brunt of an expensive retirement fuelled by global supply chain issues. Retired couples and singles saw living expenses in their twilight years rise 1% in the September quarter, the latest Association of Superannuation ... |
| | | The documents produced by Australia's largest superannuation funds have performed dismally in an analysis of readability, with an average score of 45.6 out of a possible 100. Ethos CRS analysed 80 different documents published online by the 10 largest ... |
| | | The September financial adviser exam pass rate was stable at 60% but continues to fall below the overall pass rate of 88.5%. The Financial Adviser Standards and Ethics Authority's latest examination statistics show that more than 1300 candidates sat ... |
| | | The landmark Better Advice Bill, which introduces a new disciplinary body, passed the senate overnight. Under the Financial Sector Reform (Hayne Royal Commission Response-Better Advice) Bill 2021 (Better Advice Bill), from 1 January 2022, the Financial ... |
| | | The Better Advice Bill is proposing several changes to the mandatory financial advice exam, including substantially increasing the cost of each sitting. The Financial Sector Reform (Hayne Royal Commission Response-Better Advice) Bill 2021 exposure draft ... |
| | | In place of its traditional awards program this year, the Association of Financial Advisers unveiled the recipients of the inaugural Great Advice Awards. AFA national president Michael Nowak said due to COVID-19 restrictions and being unable to host ... |
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