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Showing 1081 - 1090 of 3114 results for "November 20"

Global equities enjoy strongest year since 2013

HARRISON WORLEY  |  MONDAY, 13 JAN 2020
Latest research shows international equity assets turned in their best annual performance since 2013, as most asset classes managed to put a few tough years behind them in 2019. According to new Morningstar research, annual asset class returns on a ...

Super fund lowers MySuper fees

KANIKA SOOD  |  MONDAY, 13 JAN 2020
A $6 billion superannuation fund has lowered fees for its balanced MySuper option. TWUSuper's default members will go from paying $808 per year in total fees to $758 per year for every $50,000 in balance, after changes that came into effect on 1 ...

UniSuper on climate chopping block

ELIZA BAVIN  |  MONDAY, 13 JAN 2020
Market Forces has put UniSuper on the chopping block in a divestment campaign aimed at pressuring the fund to ditch shares in fossil fuel companies. "UniSuper does not have fund-wide exclusions on fossil fuel investments of any kind. Instead, it claims ...

Latitude Financial joins banks on AFCA complaints list

ALLY SELBY  |  MONDAY, 13 JAN 2020
Latitude Financial Group has joined the big four banks and a number of insurers as the most complained about financial services companies in the country. It comes after a particularly bad year for Latitude; suffering what has been deemed the biggest ...

Geared super funds hit jackpot

HARRISON WORLEY  |  FRIDAY, 10 JAN 2020
Latest research shows that geared super funds enjoyed a stellar 2019 thanks to a bull run in financial markets. According to new Rainmaker research, the top 10 geared retirement and superannuation funds achieved returns in excess of 50% in the 12 months ...

Industry fund ups fees ahead of merger

ELIZABETH MCARTHUR  |  FRIDAY, 10 JAN 2020
A $13 billion industry superannuation fund has increased its insurance fees ahead of merging later this year. MTAA Super wrote to members in a significant event notice to let them know that from 3 February 2020 insurance fees for death and total and ...

Chief economist update: Brexit - the news that was

BENJAMIN ONG  |  FRIDAY, 10 JAN 2020
"MPs voted to give third reading to the Withdrawal Agreement Bill (WAB) by 330 to 231 - a majority of 99 - which allows the bill to sail through to the House of Lords where peers will begin line by line scrutiny next week." This the latest news from ...

Industry funds dominate satisfaction

JAMIE WILLIAMSON  |  THURSDAY, 9 JAN 2020
A $10 billion superannuation fund has topped the ranks for member satisfaction as it readies for merger, joining seven other industry funds in the top 10. Tasplan achieved the highest satisfaction rating of any super fund in Roy Morgan's latest Superannuation ...

AMP to cull super trustee, five funds

HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
Francesco De Ferrari's long touted shake-up of AMP's wealth management business is starting to take shape, with the firm just months away from culling a superannuation trustee and five super funds. Responding to a question on notice from its November  ...

Chief economist update: Moving target

BENJAMIN ONG  |  WEDNESDAY, 8 JAN 2020
What's a central bank to do if after so many years of policy accommodation it still couldn't hit its target? Move the goalpost, of course. The US Federal Reserve has cut interest rates three times (by 75 basis points) last year from 2.5% to ...