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Westpac subsidiary BT hit with $20 million penalty - Vimarsana News

Westpac subsidiary BT hit with $20 million penalty

BT Funds Management has been penalised for incorrectly charging commission payments to members of one of its super funds. The Federal Court has ordered BT Funds Management to pay a $20 million penalt

Source: ifa.com.au
A year in review - Vimarsana News

A year in review

Expectations were high as the clock struck 00:00 and we embraced 2021 with open arms, but the year birthed an abundance of challenges both professional and personal for many across the country. 2021

Source: ifa.com.au
Why super is a better retirement bet than houses - Vimarsana News

Why super is a better retirement bet than houses

Australians should consider putting their money in their superannuation instead of property as fund balances are now growing faster than house prices. Analysis by Chant West showed median growth-orientated retirement balances surged by 12.2 per cent since July 1 - something unthinkable only a year ago. The double-digit growth in just nine months, to the end of March 2021, was even stronger than the 7.7 per cent surge in Sydney's median house price during the past year. Australia's share market was this week close to reaching a record high, with the benchmark S&P/ASX200 just 1.5 per cent below...