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Showing 1121 - 1130 of 3876 results for "Pension"

Statewide revises down investment objectives, ups fees

ELIZABETH MCARTHUR  |  TUESDAY, 31 MAR 2020
... objective of CPI+ 3%. At the same time, the fund announced the dollar-based administration fee charged to accumulation and pension accounts will increase from $1.50 per week to $1.75 per week from May. The asset based admin fee will increase by five ...

Market recovery or dead cat bounce?

ALLY SELBY  |  TUESDAY, 31 MAR 2020
... investors, but is quite likely assisted by end-of-quarter rebalancing," he said. "What we are probably seeing is large pension funds, insurers and the like adding to their allocation of equities because they are now underweight equities, due to global ...

SMSFs in flashback to 2008

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... Government introduced during the Global Financial Crisis. In 2008, the government made a temporary reduction to the minimum pension payment to assist SMSF pensioners who suddenly found their funds' holdings devalued. By the weekend, Pinnell's ...

No evidence of fear-driven withdrawals so far: Fiducian

ALLY SELBY  |  THURSDAY, 26 MAR 2020
ASX-listed wealth and advice business Fiducian has assured its shareholders that none of its investors or superannuation members have been disadvantaged so far amid the COVID-19 pandemic. Work is currently ongoing for the acquisition of new financial ...

Ontario Teachers' takes stake in Sydney desal plant

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
The $201 billion Ontario Teachers' Pension Plan along with Morrison & Co, on behalf of the Utilities Trust of Australia have acquired The Infrastructure Fund's ownership stake in the Sydney Desalination Plant. Following the transaction, Ontario Teachers' ...

COVID-19 to hasten merger talks

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
... such as retirees or members anticipating retirement. "They will need advice on asset allocation, how much to withdraw as pension payments, and how much to spend," Rice Warner said. However, the firm said Australia's "outdated" legislation made financial ...

Calls for super release to borrow from RBA

ALLY SELBY  |  TUESDAY, 24 MAR 2020
A University of Melbourne finance professor and Super Consumer Australia director has proposed an alternative solution to soften the blow of COVID-19, one reliant on borrowing funds from the Reserve Bank of Australia rather than superannuation funds. ...

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
The superannuation sector has been called on to act as a key pillar in Australia's response to the COVID-19 pandemic, with the early release of super a central tenet of the government's new policy initiatives. The government's latest suite ...

BlackRock appoints Asia Pacific ETF head

KANIKA SOOD  |  FRIDAY, 20 MAR 2020
BlackRock has hired from Citi to appoint a new head of iShares for Asia Pacific. Rimmo Jolly is currently Citi's regional head of ETF and index sales and business development for Asia Pacific and Japan. In his new role, Jolly will be tasked with growing ...

FPA advocates for reduced pension minimums

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
The Financial Planning Association of Australia is keeping itself busy amid COVID-19 uncertainty, with chief executive Dante De Gori urging the government to consider moves to ease the pressure on retirees, just weeks after he had an audience with the ...