Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1101 - 1110 of 11010 results for "Account"

Future Super returns 10.1% to ethically minded members

JAMIE WILLIAMSON  |  FRIDAY, 5 JUL 2024
... movement," Davis said. According to APRA stats, Future Super has 54,300 members and $2.15 billion in assets. The median account balance is $17,326 and the median member age is 30. This includes the Verve Super division.

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
The first tranche of the Delivering Better Financial Outcomes (DBFO) legislation passed both the upper and lower houses yesterday. Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill aims to reduce red tape for financial ...

Ausbil reshuffles distribution team

ELIZABETH FRY  |  FRIDAY, 5 JUL 2024
Ausbil Investment Management's head of wholesale distribution will retire after 17 years with the firm, leading to changes in the sales team. Hik Chadirchi will leave at the end of the month. As a result, the active equities investor's institutional ...

AustralianSuper reports 'solid return', lags rivals

ANDREW MCKEAN  |  THURSDAY, 4 JUL 2024
... return of 8.72% over 15 years. Meanwhile, the $335 billion super fund's high growth option delivered a 10.2% return. Its account-based pension balanced option yielded 9.25% return. AustralianSuper chief investment officer Mark Delaney said it was a pleasing ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
The Senate committee tasked with assessing the capabilities of ASIC says the government should recognise the regulator has "comprehensively failed to fulfil its regulatory remit", calling for a complete overhaul of its structure, powers and how it's ...

APRA heightens expectations around trustees' spending

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
APRA reissued guidance around strategic planning and member outcomes, placing a clearer focus on superannuation members' interests when it comes to fund expenditure. The regulator updated Prudential Standard SPS 515 Strategic Planning and Member Outcomes ...

Brighter Super launches Retire Easy Pension

JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUL 2024
... medium-, and long-term investment strategies that can keep your savings growing." Members must have at least $50,000 in their account to use Retire Easy Pension. They can also still access lump sum withdrawals if needed, however this will diminish the ...

AustralianSuper unleashes raft of investment and fee changes

ELIZA BAVIN  |  TUESDAY, 2 JUL 2024
... have increased from 0.50% to 0.52% p.a. and reduced transaction costs from 0.06% to 0.05%. The changes mean that for an account with $50,000 the estimated annual fee would increase from $382 to $387. For the Choice Income product, investment fees were ...

Corporate borrowing hits all-time high despite interest rates

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
The world's largest listed companies took on US$378 billion of net new debt last financial year, driving corporate debt to an unprecedented US$8.18 trillion, according to Janus Henderson's latest corporate debt index. While significant, the increase ...

ETF price war heats up

ANDREW MCKEAN  |  FRIDAY, 28 JUN 2024
Leading exchange-traded product (ETP) investment managers - Vanguard, Betashares, BlackRock, and VanEck - which command about 70% of the Australian market, reduced their asset-weighted fees by 8% in the 12 months to March, according to Rainmaker Information. ...