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Bowen supports lump sum status quoBY JAMES FERNYHOUGH | THURSDAY, 7 AUG 2014 11:45AM
There is no evidence to suggest Australians abuse their right to withdraw superannuation as a lump sum, Shadow Treasurer Chris Bowen has said.
Read more: Shadow Treasurer Chris Bowen, Superannuation, Australians, Labor, Asia Region Funds Passport, Australia, Council, Financial Advice Reforms, Financial Services Council conference, Financial Standard coverage, Future, Superannuation Guardians, Treasurer Joe Hockey
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Towards a perfect currency solution
There is a good chance the planned superannuation guarantee increase to 12% will be deferred again as the nation continues to struggle with the effects of COVID-19, according to Mercer senior partner David Knox.
BetaShares' ETF that tracks crude oil futures is once again changing the length of contracts it tracks and is taking extra measures to automatically convert the ETF to all cash if oil futures drop significantly again.
The global fund manager saw its profits tumble 196% following net outflows of close to $19 billion in the first half of this year, resulting in heavy hits to fee and commission income.
Chi-X TraCRs and funds will now be offered on a privately owned wealth management platform, granting financial advisers and their clients access to some of the world's biggest listed companies.
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