Financial Standard
WEBFurther Reading. Financial Standard provides trade news and education for superannuation trustees, financial planners, industry professionals and investment managers.
Unmet financial advice needs affect millions in Australia
WEBMar 8, 2024 · Investment Trends research has revealed 11.8 million Australians have unmet financial advice needs, with high or unclear costs cited as the main obstacles. The research firm's latest Financial advice report indicated persistent barriers to accessing advice, with the most demand for guidance on investment strategy, longevity risk, and ...
APRA reprimands Cbus, BUSSQ over governance issues
WEBAug 14, 2024 · APRA has imposed additional licence conditions on Cbus and BUSSQ over governance concerns in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring in an independent expert to investigate their compliance with Prudential Standard SPS 520 Fit and Proper, which sets out requirements in relation to ...
AustralianSuper takes monster hit on Pluralsight
WEBAug 27, 2024 · AustralianSuper takes monster hit on Pluralsight. AustralianSuper has written off its $1.1 billion investment in online education firm Pluralsight, following the company's restructuring. The superannuation giant invested in Pluralsight in 2021, as a co-underwriter with Vista Equity Partners, which led and managed the deal.
Heightened costs push young Aussies to plan ahead: HESTA
WEBAug 27, 2024 · It stated that 41% of the total respondents across all age groups have taken more action on the retirement planning front. Specifically, 44% of those aged 40-54 years and 29% of those over-55 had done so; some 49% of those under 40 have. HESTA chief executive Debby Blakey said the findings are "encouraging".
Citi names new head of securities services - Financial Standard
WEBMay 23, 2022 · Citi Australia has appointed Mark England as the new head of securities services following the retirement of long serving executive Martin Carpenter. England, the current co-head of sales for Citi Securities will relocate from Hong Kong to Australia, leading the Australia and New Zealand function while retaining existing regional responsibilities.
Chief Economists Forum 2025 - Financial Standard
WEBSTART 2024 ON THE FRONT FOOT. Tuesday, 20 February 2024 - Sydney | Thursday, 22 February - Melbourne. Gathering more than 700 of the industry's leading financial advice, superannuation and investment management professionals annually, Financial Standard's Chief Economists Forum will guide decision makers in their preparation for the year ahead.
CSLR legislation tabled, advice sector responds
WEBSep 9, 2022 · CSLR legislation tabled, advice sector responds. The government has advanced its commitment to establish a Compensation Scheme of Last Resort (CSLR), releasing for consultation exposure draft regulations. The CSLR will facilitate the payment of compensation of up to $150,000 to eligible consumers who have a …
'Little prospect' for RBA hike despite stubborn inflation
WEBJun 17, 2024 · GSFM investment strategist Stephen Miller said there was "little prospect" of a change in messaging from the "not ruling anything out" mantra the board has stuck to in recent months. "In the wake of the data flow since the board last met, that seems appropriate. Inflation remains stubbornly high," Miller said.
AustralianSuper changes admin fees | Financial Standard
WEBJun 14, 2022 · The new admin fee structure will be $1 a week plus 0.10% of a member's balance, capped at $350 a year for members still saving and $600 a year for members with a Choice Income pension or TTR Income account. AustralianSuper estimates that less than 5% of members will pay the maximum capped fees. The reductions are effective from September and ...