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Showing 271 - 280 of 2921 results for "Times"

Data shows WallStreetBets created losses

ELIZABETH MCARTHUR  |  THURSDAY, 13 JAN 2022
... loss of 1.6% and a monthly loss of 6.7%. The losses increased further to 8.2% on a quarterly basis, and in one out of four times, monthly losses amounted to over 10%. Early on in 2021, WSB hit headlines for driving the GameStop share price up. However ...

Media Super apologises for major calculator error

JAMIE WILLIAMSON  |  THURSDAY, 6 JAN 2022
... committed to ensuring these types of errors don't occur again," it said. Media Super's fees and premiums have changed several times since 2015. The first change that would have impacted the calculator's projections came in March 2016 when the fund made ...

Demand for retiree client book increases

KARREN VERGARA  |  SATURDAY, 1 JAN 2022
... multiple for annual trails rose 13% from May 2020 to March 2021 and another 20% to December 2021, and now sits at three times the annual trails. "If the number of home loan books for sale from the major aggregators continue to be scarce, prices may rise ...

Shoddy exam feedback fuels adviser stress

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
Financial advisers who failed the mandatory examination multiple times are slamming FASEA's feedback process, claiming it is inconsistent and fails to help them stay in the industry. As the failure rate continues to balloon, advisers making genuine ...

Half of all super products cut fees: Data

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... of products decreased their fees since October 2020. The analysis also shows that 5% of products decreased fees multiple times during the period. The September quarter saw 159 products update their PDSs - more than the previous quarters. Of these, 21% ...

FPA names new chief executive

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... Profile. "She is also very passionate about the financial planning profession and how it has transformed itself in recent times," Broome said. De Gori, who served as chief executive since March 2016, advised the FPA's board of his intention to leave ...

Intergenerational transfer hits $1.5tn

KARREN VERGARA  |  TUESDAY, 7 DEC 2021
... amount of wealth they already own, those with less wealth get a much bigger boost from inheritances on average, about 50 times larger for the poorest 20% than the wealthiest 20%," she said. "Hence wealth transfers tend to reduce the share of wealth held ...

Super funds attracting more women to investment work

ELIZABETH MCARTHUR  |  FRIDAY, 3 DEC 2021
... funds who are determined to add to a collective effort that overcomes the issue of size," she said. "Men are up to four times more likely than women to apply for junior analyst roles and when they do, they're more likely to demonstrate the sought-after ...

APRA finalises new bank capital framework

CHLOE WALKER  |  TUESDAY, 30 NOV 2021
... stress, ensures banks can access funding, facilitates payments and helps banks to keep lending to their customers during good times and bad. "Although Australia's banking sector is already strongly capitalised by international standards, the new capital ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... to about 25,000 customers, amounting to about $7 million. "Some fees were not disclosed to the customer at all, at other times the amount disclosed was less than the amount charged," ASIC said. In 2019 Westpac exited personal financial advice, closing ...