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Showing 51 - 60 of 1517 results for "Minimum"

Macquarie reports decline in earnings amid weaker trading

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
... its private credit portfolio. Nevertheless, Macquarie's financial position was said to "comfortably exceed" regulatory minimum requirements. The financial services group said it had a $10.8 billion surplus in capital, down from $12.6 billion in the prior ...

ASIC lifts ClearView interim stop order

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... has imposed. ASIC was concerned that the TMD failed to consider the impact of key eligibility criteria such as age and minimum employment on the suitability of the product for certain consumers. On July 21, ASIC lifted the stop order. ClearView's updated ...

Rethinking retirement: Focus on spending, not saving

ANDREW MCKEAN  |  FRIDAY, 21 JUL 2023
... we're already seeing with our lifetime solutions, these clients already had advice and they were still drawing down the minimum," Hillier said. "That's an incredible insight in that advice alone is not enough. It's not just about giving the consumer ...

ASIC slaps interim stop order on ClearView

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2023
... believes that the Income Protection Cover's TMD failed to consider the impact of key eligibility criteria such as age and minimum employment on the suitability of the product for certain classes of consumers. It is the first interim stop order issued ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... Supplemental, combining for a total of $29,624 per annum. This contrasts with the $42,255 annual income received by a minimum wage worker. The cost differential becomes even more pronounced when considering government-funded formal care facilities such ...

RBA pause short but sweet: Mousina

CASSANDRA BALDINI  |  WEDNESDAY, 5 JUL 2023
... raise next month and in September so two more hikes in this current cycle." AMP had forecasted a July raise due to the minimum wage increase and inflation data still being higher than RBA targets. As to whether last month's minimum wage increase ...

Bentham opens fund to retail investors

CHLOE WALKER  |  TUESDAY, 4 JUL 2023
The Bentham Global Opportunities Fund is now available to retail investors for a minimum of $10,000. Launched over six years ago, the fund invests in a multi-sector global portfolio of credit securities, including global high-yield bonds, global syndicated ...

Nuveen, Commonwealth Private partner to launch REIT

CASSANDRA BALDINI  |  FRIDAY, 30 JUN 2023
... portfolios for private wealth clients. The strategy will also be available to other wholesale investors in Australia for a minimum investment of $100,000, Nuveen said. According to the asset manager, as of Q1 2023, the portfolio included 495 properties ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... levy to be paid per adviser has almost tripled from the $1142 that it was frozen at in recent years. Licensees will pay a minimum levy of $1500 plus $3217 per adviser. The total estimated cost recovery amount is $55.5 million for licensees that provide ...

Investors trust ChatGPT for advice

KARREN VERGARA  |  MONDAY, 26 JUN 2023
... intelligence as their trusted adviser in the future. According to the Investor Index study of 1100 UK investors with a minimum of £10,000 ($19k) investible funds, 73% think that ChatGPT is reliable for financial advice. The survey, canvased by communications ...