Australian economy 'fundamentally sound': CBA | Financial Standard
2024年11月13日 · "Inflation is moderating but at a slowing pace and global geopolitical tensions are creating uncertainty," Comyn said. "Growth in the Australian economy remains slow as higher rates continue to weigh on consumer demand and bring inflation back to the target range."
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ASIC seeks $27m penalty against AustralianSuper
2024年10月10日 · ASIC is seeking a major $27 million penalty against AustralianSuper in the Federal Court. ASIC alleges that, for almost 10 years, AustralianSuper failed to have adequate policies and procedures to identify members who held multiple AustralianSuper accounts and to merge those accounts, where doing so was in the member's best interests.
Insignia Financial to trial four-day work week
2024年10月11日 · Insignia Financial is set to pilot a four-day work week, a win for employees in recent Enterprise Agreement (EA) negotiations. The Finance Sector Union (FSU) and Insignia Financial have capped months of bargaining, with 68% of employees voting in favour of a new EA, which includes several enhanced protections and improved entitlements.
Advice take up falls amid decade-low retirement confidence
2024年11月15日 · According to the 2024 Retirement Income Report, only 29% of pre-retiree Australians are well-prepared for their retirement in 2024 - the lowest number in a decade.In 2023, 41% of pre-retirees reported feeling confident and, with the exception of 2022, over the past decade the figure consistently sat above 40%.
Chalmers unveils new superannuation reforms | Financial Standard
2024年11月20日 · Treasurer Jim Chalmers announced new reforms the government will be rolling out for Australia's superannuation system. Speaking at the annual Association of Superannuation Funds of Australia (ASFA) conference, Chalmers gave an address laying out the reforms, which focus on improving retirement outcomes for Australians.
Australian Unity offloads banking business | Financial Standard
2024年11月6日 · Australian Unity has announced the sale of its banking business to Bank Australia, with the transfer set to be complete in late 2025. Under the agreement, Bank Australia will acquire Australian Unity banking customers and their existing loans, credit cards and deposit accounts, which at 30 June 2024 sat at approximately 25,000 customers, $1.4 billion in loans and credit, and $1.6 billion in ...
Future Fund to back energy transition, residential housing
2024年11月21日 · Meantime, the Housing Australia Future Fund was created in 2023 with the purpose of meeting Australia's social and affordable housing needs. Future Fund has been told its primary objective remains to generate returns, and to only make investments where "possible, appropriate and consistent with strong returns."
ANZ, OnePath settle $50m class action | Financial Standard
2024年10月4日 · ANZ and OnePath superannuation customers may be entitled to get their super back after Slater and Gordon secured a $50 million class action settlement.
Hanson backs Dixon Advisory inquiry | Financial Standard
2024年9月18日 · The inquiry will be heard under the Senate Economic Committee after Senator Hanson secured cross-parliament support. FAAA chief executive Sarah Abood said the inquiry marks a "major step forward for our profession, and we want to thank Senator Hanson for her support in seeking transparency and for backing Australia's small financial advice businesses in proposing this inquiry today."