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Showing 81 - 90 of 8070 results for "Lower"

Praemium plummets on weak financial outlook

ANDREW MCKEAN  |  THURSDAY, 23 NOV 2023
... decreased from 0.27% in the second half of the previous financial year to 0.25% in the current period, chiefly because of lower trading volumes and cash balances. Praemium chief executive Anthony Wamsteker spooked markets, saying that the duration of ...

Paraplanners unfazed by QAR, AI: Survey

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... 67% of Australia's paraplanners are optimistic about the future and express high job satisfaction, this is however, lower than the 69% reported in last year's survey. The QAR recommended that Statements of Advice (SoAs) should be replaced with ...

Robo-adviser reaches US$50bn milestone

KARREN VERGARA  |  MONDAY, 20 NOV 2023
... revenue by over 140% in 2023. It has expanded its digital advice offering into cash management, lending, and most recently, lower-risk investments with its Automated Bond Portfolio. "The company is well-positioned to capture the $35 trillion held by ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... access to equivalent products with higher net investment returns driven by both higher expected investment performance and lower fee structures, it states. "There is $132 billion invested in superannuation and investment options that could benefit from ...

Government consults on reforms to merger rules

CASSANDRA BALDINI  |  MONDAY, 20 NOV 2023
The government has kicked off its consultation on merger rules and processes to improve competition and productivity while lowering costs to ensure better outcomes for Aussies. According to the government's Merger Reform consultation paper, Australia's ...

Allianz Retire+ heavyweight jumps ship

ELIZABETH FRY  |  FRIDAY, 17 NOV 2023
... allow super funds and advisers to compile a financial plan or offer a more compelling flagship solution at a significantly lower cost than today." He is beginning to see some support for this idea and hopes it will emerge as a second phase of the Quality ...

Objective of super bill lands in parliament

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
... promoting fairness in the super system. Doyle noted that many of the fund's members, often in part-time or casual roles with lower incomes, typically retire with modest savings and rely on a mix of retirement savings, the Age Pension, and other government ...

HUB24 unveils new offering for lower balance clients

CHLOE WALKER  |  WEDNESDAY, 15 NOV 2023
HUB24's new Discover offering is aimed at early-stage wealth accumulators and later-stage retirees, providing cost-effective access to a streamlined selection of managed portfolios. The Discover offering, now available on HUB24 Invest, Super and Pension ...

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... fees are now level for retail and not for profit funds." Regarding MySuper products, not-for-profit funds generally have lower administration fees, in contrast to retail funds which typically offer lower investment fees. Meanwhile, personal and retirement ...

ANZ rakes in $7.4bn profit

CASSANDRA BALDINI  |  MONDAY, 13 NOV 2023
... 500,000 customers and over $10 billion in deposits." According to Elliott, the cost of operating ANZ Plus is materially lower than its existing retail business. Australia Commercial was its highest returning division and delivered 11% revenue growth ...