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Showing 951 - 960 of 4068 results for "PAI"

$450 super threshold to be scrapped

ELIZABETH MCARTHUR  |  THURSDAY, 28 OCT 2021
The government has moved on its election promise to scrap the $450 threshold for superannuation. Minister for superannuation, financial services, the digital economy and women's financial security Jane Hume said a bill introduced to Parliament yesterday ...

Unpaid super tops $5bn per year: ISA

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
Latest analysis by Industry Super Australia shows about $5 billion in super went unpaid in the 2018-19 financial year, owed to about three million workers. On average, Australian workers lose about $1700 in superannuation each year, ISA said, amounting ...

Green office buildings command 18% premium

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
Institutional property investors might be able to flip entire office buildings for a profit as effectively as renovation-loving homeowners, so long as they go green. That is according to new research from Knight Frank, which found office buildings in ...

IOOF to adopt new name, brand

JAMIE WILLIAMSON  |  THURSDAY, 21 OCT 2021
The 175-year-old wealth giant is set to rebrand in what chief executive Renato Mota calls an evolution, not a revolution. As part of its ongoing transformation and following a strategic review, IOOF will rebrand to Insignia Financial before the end ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
New analysis from Rainmaker Information shows about 60% of all MySuper products reduced their fees last financial year, with the average fees paid by members now sitting at 1%. The 13.5 million Australians with a MySuper account currently pay less than ...

CFS fined $20m over super misconduct

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
Colonial First State will pay $20 million for misleading members in its FirstChoice Fund. The fine follows the court's decision in September that CFS had misled members on almost 13,000 regarding investment decisions, possibly deterring them from ...

APRA readies new super fund remuneration regime

KARREN VERGARA  |  TUESDAY, 19 OCT 2021
APRA is keeping its watchful eye on superannuation funds' preparedness for the new remuneration standards that take effect in 2023. APRA has released the updated version of Prudential Practice Guide CPG 511 Remuneration, where it expects boards to oversee ...

Pendal FUM rises despite mandate losses

KARREN VERGARA  |  FRIDAY, 15 OCT 2021
Several mandate losses did not dampen Pendal Group's 30% increase in funds under management for the September quarter. Pendal's total FUM grew to $139.2 billion from $106.7 billion quarter on quarter, a trading update on the ASX shows. For its ...

EISS Super answers tough questions

ELIZABETH MCARTHUR  |  TUESDAY, 12 OCT 2021
After a period of media scrutiny following its failure of the inaugural APRA performance test, EISS Super has faced a parliamentary committee, facing tough questions over the test result and its sponsorship deals. Liberal MP Jason Falinski led the questioning ...

CBA completes review, sued by FWO

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
Commonwealth Bank finalised its three-year action plan by implementing recommendations from a prudential inquiry to improve its governance and culture. At the same time, it has been slammed with court proceedings for underpaying staff over $16 million. ...