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

Search Results

Showing 1111 - 1120 of 11017 results for "Account"

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. ...

Local Aviva Investors managing director to exit

ELIZABETH FRY  |  FRIDAY, 28 JUN 2024
... markets." Jackson joined Aviva Investors from BlackRock Investment Management Australia, where he was an institutional account manager for seven years. Before that, he was a relationship manager at AMP Capital and a corporate account manager with Colonial ...

Carlyle, Goldman Sachs give $1.6bn boost to Apex

JAMIE WILLIAMSON  |  THURSDAY, 27 JUN 2024
Carlyle Group and Goldman Sachs will inject more than $1.66 billion into challenger administrator and custodian Apex Group to support its growth ambitions. The commitments have been made by Carlyle's global credit business and Goldman Sachs Private ...

ASIC freezes assets of Melbourne based licensee

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
The Australian Securities and Investments Commission (ASIC) has obtained interim orders from the Federal Court freezing the assets of financial advice licensee United Global Capital and related property investment company Global Capital Property Fund ...