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Showing 1211 - 1220 of 8612 results for "Lower"

APRA releases draft climate change guidance

RACHEL ALEMBAKIS  |  FRIDAY, 23 APR 2021
... are pricing and valuing companies within the portfolios they manage, as well as realigning portfolios to contribute to a lower carbon world," Boele says. "Encouragingly, this last year has seen various leading super funds and investment managers announce ...

Guild Super chooses new administrator

ELIZABETH MCARTHUR  |  THURSDAY, 22 APR 2021
... phone number for general advice enquiries. Meanwhile, Guild Super also altered its investment fees - resulting in slightly lower fees for most options. For example, the Building and Growing MySuper options fees decreased by one basis point each and the ...

Chief economist update: Bank of Canada walks the talk

BENJAMIN ONG  |  THURSDAY, 22 APR 2021
... conclusion of its April 21 meeting, to wit: "The Bank of Canada today held its target for the overnight rate at the effective lower bound of 1/4 percent, with the Bank Rate at 1/2 percent and the deposit rate at 1/4 percent. The Bank continues to provide ...

Afterpay reveals US plans, economic impact

JAMIE WILLIAMSON  |  WEDNESDAY, 21 APR 2021
... the interest and fees charged on credit cards. The report also appears to debunk the idea that Afterpay takes advantage of lower income earners, with Accenture finding users are typically younger, female and on higher-than-average incomes. Just 29% of ...

Challenger to change annuity pricing

KANIKA SOOD  |  TUESDAY, 20 APR 2021
Challenger posted record life sales but warned investors of lower FY21 profits, as tighter credit spreads force it to change annuity pricing. The life business, which includes annuities and other products such as Challenger Index Plus, saw $1.37 billion ...

Adviser-led TPD claim admittance rates fall

KANIKA SOOD  |  TUESDAY, 20 APR 2021
... insurance claims In the group super channel, admittance rates remained largely unchanged: death (98% in both years), TPD (89%, lower than 88% in 2018) and DII (95%, lower than 96% in 2018). Claims paid out ratios for group super showed a sharp increase. ...

Former Aon Hewitt adviser banned

ELIZABETH MCARTHUR  |  TUESDAY, 20 APR 2021
... members would transition to MySuper. The letters omitted material information about the intended benefits of MySuper, such as lower fees and insurance premiums, ASIC said. The letters also failed to disclose that it would be in Hills' interests if members ...

FSC proposes new advice model

KARREN VERGARA  |  MONDAY, 19 APR 2021
... determining compliance with the best interests duties. FSC chief executive Sally Loane said the aim of the proposals is to lower the cost of providing financial advice to make it simpler for consumers to understand and access without undermining the ...

Netwealth FUA crosses $40 billion

KANIKA SOOD  |  FRIDAY, 16 APR 2021
... slowed down from $3.2 billion in previous corresponding period to $2.3 billion. Netwealth attributed this to $900 million lower inflows from its largest licensee. Of the $41.8 billion net FUA, 66.4% is now fee-paying, up from 62.1% at March 2020 as Netwealth ...

Citi to exit consumer banking in Australia

ELIZABETH MCARTHUR  |  FRIDAY, 16 APR 2021
... hit. The company reported revenues of $19.3 billion in the first quarter of 2021, a decrease of 7% primarily attributed to lower revenues in global consumer banking.