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Showing 1 - 10 of 259 results for "Equate"

The 'blind spot' costing advisers nearly $10bn: Research

MATTHEW WAI  |  TUESDAY, 27 OCT 2026
Research from Elemnta indicates financial advisers do not realise they are expending nearly twice as much effort on non-advised operations, highlighting a perception gap and challenges related to data collection and access, which cost 6000 practices ...

ASIC boasts $830m record civil penalties

KARREN VERGARA  |  MONDAY, 20 JUL 2026
ASIC has scored a whopping $830 million in civil penalty orders in the last financial year alone, a Freedom of Information (FOI) request revealed. The FOI obtained by Lambros Photios, the founder of technology services and artificial intelligence (AI) ...

Deadline approaches for Shield, First Guardian victims

MATTHEW WAI  |  FRIDAY, 6 FEB 2026
... the two schemes have lodged complaints with the Australian Financial Complaints Authority (AFCA), ASIC said. The losses equate to more than $1 billion. With the deadline for some investors to file a complaint approaching as early as 31 March 2026, ASIC ...

Member governed super boards deliver more: SMC

JAMIE WILLIAMSON  |  WEDNESDAY, 4 FEB 2026
Superannuation funds with employer and employee representatives on their boards generate billions in additional value for members, Super Members Council (SMC) says. In a new report, Member First Representation: The Profit to Member Governance Advantage ...

Scaling practices depends on AI: FAAA

KARREN VERGARA  |  WEDNESDAY, 19 NOV 2025
The financial advice industry cannot rely on hiring more advisers to scale practices, rather it needs to prioritise the adoption of new technology that will also help meet unprecedented demand for advice over the next five years, this year's Financial ...

Macquarie to pay Shield victims in full

JAMIE WILLIAMSON  |  THURSDAY, 25 SEP 2025
... ultimate recovery from the liquidation process, and also make a goodwill payment to each of them. Together, the payments will equate to 100% of the net capital each client originally invested in Shield. It confirmed investors would receive payment by ...

Age Pension to increase on September 20

JAMIE WILLIAMSON  |  FRIDAY, 19 SEP 2025
The Age Pension is increasing tomorrow, while previously frozen deeming rates will rise by 0.5%. From tomorrow, September 20, the Age Pension will increase by $29.70 a fortnight for singles and $44.80 for couples combined. This will see singles receive ...

First Super reduces admin fees

JAMIE WILLIAMSON  |  TUESDAY, 5 AUG 2025
The $5 billion super fund for the paper, pulp and timber industries is cutting administration fees for most of its members. From September 1, the flat administration fee paid by First Super accumulation members each week is dropping from $1.87 to $1.65. ...

Minimum wage to rise 3.5%

JAMIE WILLIAMSON  |  TUESDAY, 3 JUN 2025
The National Minimum Wage and all modern award minimum wage rates will increase by 3.5% on July 1. The minimum wage is currently $24.10 an hour and, following the Fair Work Commission's decision today, will rise to $24.95 an hour. This equates to a ...

Aware Super cuts fees for retiree members

JAMIE WILLIAMSON  |  MONDAY, 26 MAY 2025
... At the same time, the maximum annual admin fee on a retirement account is dropping to $1300, down from $1500. This could equate to a 25% cut or, for the average retiree member, a decrease of $225 in the first year, the fund outlined. Members who open ...
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