Super on PPL a drop in the ocean
The cost to pay superannuation contributions on Commonwealth Paid Parental Leave (PPL) has been estimated to be about $200 million per year.
Source: financialstandard.com.au
📰 Rainmaker Information News
Page 7 - Rainmaker Information News Today
Fast, Ad-Free News Updates
Stay updated with breaking news from Rainmaker Information. Real-time updates on events, politics, business and more.
Super tax break crackdown to hit $410bn in savings
Rainmaker Information estimates the $3 million superannuation cap would impact $410 billion of savings for around 100,000 Australians.
Source: financialstandard.com.au
SMSF sector hit the reset button: Research
The introduction of the Transfer Balance Cap (TBC) in 2017 saw contributions into SMSFs plummet by 60%. While it didnt take them long to bounce back, how theyre used has changed.
Source: financialstandard.com.au
abrdn terminates funds amid transition
Abrdn is terminating five funds as part of the consolidation of the local business, key to which is its recent partnership with SG Hiscock.
New Zealand France General Peter Branner Michelle Lopez Market Local Currency Debt Fund Global Absolute Return Strategies Fund
Source: financialstandard.com.au
Super disruptors call it quits
New data shows superannuation disruptor products have failed. According to Rainmaker Information, the vast majority of superannuation disruptor products, purpose-built for young fund members have ei
Source: investordaily.com.au
Large AFSLs holding off adviser decline
Rainmaker Information has revealed the Australian Financial Services Licensees (AFSLs) that experienced the largest growth in 2022. Ord Minnett, Count Financial and Industry Fund Services topped the
Source: ifa.com.au
Super disruptors throw in the towel
The number of Millennial-targeted super funds continue to fall by the wayside, halving to just 14 nearly a decade after attempting to disrupt the superannuation sector.
Source: financialstandard.com.au
Which AFSLs saw top adviser growth in 2022?
Research from Rainmaker Information has revealed the AFSLs that experienced the largest net growth in number of financial advisers last year.
Alex Dunnin Alliance Wealth Industry Fund Services Matrix Planning Solutions Ord Minnett Count Financial
Source: moneymanagement.com.au
Negative wholesale funds market growth continues
Australias $1.6 trillion wholesale funds market has experienced negative growth, contracting 2.6% in annual terms.
Australian Foundation Investment Company Rainmaker Information Wholesale Advantage Colonial First State Smartsave Super Superhero Super
Source: financialstandard.com.au
Associations call for improved access to financial advice
The Joint Association Working Group (JAWG) has urged the government to improve access to financial advice through the Quality of Advice Review (QAR) proposals.
Source: financialstandard.com.au