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

Search Results

Showing 1151 - 1160 of 8612 results for "Lower"

Outflows at Magellan

KANIKA SOOD  |  THURSDAY, 8 JUL 2021
... end. It is estimating performance fees of roughly $30 million for the 12 months ending June 2021, which is significantly lower than $80 million for the year ending June 2020. In recent months, Magellan has launched its retirement product FuturePay, taken ...

AMP Capital GEFI sold to Macquarie

JAMIE WILLIAMSON  |  THURSDAY, 8 JUL 2021
AMP is selling AMP Capital's Global Equities and Fixed Income business to Macquarie, with the division valued at $185 million. Under the sale, the global equities and fixed income capabilities will be combined with Macquarie's public investments ...

Jameson Capital launches fund

ANNABELLE DICKSON  |  WEDNESDAY, 7 JUL 2021
... interest, from both domestic and offshore investors, due to a combination of the high relative prices of public market assets, lower yields on direct assets and Australia's relative success in containing the virus." The fund is now closed to initial ...

BT Super for Life ups insurance premiums

KANIKA SOOD  |  TUESDAY, 6 JUL 2021
BT Super for Life will increase the cost of its standard life insurance cover by 13.1% from August 1. The standard cover includes death and TPD. As an example, a 34-year-old male member of BT Super for Life previously paid $11.41 each month for one ...

Superannuation complaints down 31%: AFCA

KANIKA SOOD  |  MONDAY, 5 JUL 2021
... Overall, the one-stop-shop for financial complaints received 70,510 complaints in the 12 months to June end. This was 12% lower than the year ending June 2020, which AFCA attributed to the start of COVID and especially travel insurance related complaints. ...

Economic recap: Week to July 2

BENJAMIN ONG  |  MONDAY, 5 JUL 2021
... 583,000 gain in the previous month. This is higher than consensus expectations for a 700,000 gain and followed back-to-back lower-than-expected results in April and May. The unemployment rate inched up to 5.9% in June from the 14-month low of 5.8% recorded ...

Stop abusers hiding super: AIST

ELIZABETH MCARTHUR  |  FRIDAY, 2 JUL 2021
... executive Eva Scheerlinck said the measure would improve economic security for women across Australia, who overwhelmingly have lower superannuation balances than their former spouses. "Superannuation is often the biggest asset in a relationship. This ...

SG rise to benefit 6.7m Australians: ISA

KANIKA SOOD  |  FRIDAY, 2 JUL 2021
The new superannuation guarantee rate of 10% will benefit 6.7 million workers, with the younger and lower-income Australians to benefit the most, according to Industry Super Australia. ISA says the average worker will contribute $233 a year extra to ...

Cbus expecting 19% returns for year

KANIKA SOOD  |  THURSDAY, 1 JUL 2021
... Superannuation Funds of Australia. Fok said the fund expects to beat its objective of CPI plus 3.25% but future returns will be lower than this last financial year's 19%. "We're anticipating single-digit returns, lower than our previous long-term ...

Super funds back space travel

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... exciting future ahead for Australia's space industry," he said. Gilmour Space Technologies was founded in 2013, aiming to offer lower cost access to space. In 2016, it launched a hybrid rocket, which it claims is the "world-first demonstration of a rocket ...