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Labor proposal targets low income earners: AssociationBY ELIZABETH MCARTHUR | WEDNESDAY, 15 MAY 2019 12:11PM
The Alliance for a Fairer Retirement System is arguing Labor's refundable franking credits proposal does not target the wealthy but impacts low income earners instead.
Read more: Australia, Labor, Alliance for, Fairer Retirement System, Grattan Institute, SuperGuide, Deborah Ralston, SMSF Association, Age Pension for, Australians, Michael Rice, Rice Warner, Treasury
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Pendal Group has made year-long fee cuts on two funds, as it sees the Reserve Bank of Australia holding the cash rate at the record-low of 0.25%.
Standard & Poor's has downgraded AMP Limited's credit rating from BBB+ to BBB, with all AMP Group entities on CreditWatch with negative implications.
ME Bank chief executive Jamie McPhee has resigned after weathering scrutiny over the bank's adjusting of redraw facilities for mortgage customers and its relationship with the industry funds that own it.
At a time when many Australians are engaging directly with their superannuation fund for the first time, member satisfaction appears mixed, with two separate surveys producing some opposing views.
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