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Showing 1241 - 1250 of 3180 results for "ACTU"

Netwealth affirms value of financial literacy

HARRISON WORLEY  |  WEDNESDAY, 23 MAY 2018
Netwealth sponsored financial literacy program Banqer has partnered with 150 schools to deliver financial education to Australian children. Just over a year since the partnership between the platform provider and Banqer began, the program has reached ...

Perennial cuts fees for defensive LIC, revises investment strategy

ALEX BURKE  |  TUESDAY, 22 MAY 2018
Perennial has reduced management fees for its defensive listed investment company as part of a revision of the overall investment strategy. Management fees for the Wealth Defender Equities LIC will be cut from 0.98% to 0.8%. This follows the LIC's ...

BBSW methodology restores trust

DARREN SNYDER  |  TUESDAY, 22 MAY 2018
The new calculation methodology for Australia's bank bill swap rate began on Monday, a direct response to maintain trust in the interest rate benchmark following misuse. In a joint statement the RBA and ASIC said the new BBSW methodology calculates ...

Age Pension needs national objective: Actuary

DARREN SNYDER  |  TUESDAY, 22 MAY 2018
Actuary Michael Rice believes there should be a national objective for the Age Pension and the Federal Government could consider setting a combined target for Age Pension and aged care costs as a percentage of GDP. These are two of several policy initiatives ...

Poor SoAs hindering advice process

JAMIE WILLIAMSON  |  MONDAY, 21 MAY 2018
There is growing concern that a lack of clear and consistent templates for Statement of Advice documents is potentially causing financial advice clients to sign off on advice they don't actually understand. Paraplanning services provider YTML has seen ...

Blue Sky short seller launches new fund

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
One of the men behind the US hedge fund which successfully shorted Blue Sky Alternative Investments is starting an activist investment fund of his own. Former Glaucus Research director and chief investment officer at Glaucus Investments, Soren Aandahl ...

Advisers struggling with SMSF diversification

JAMIE WILLIAMSON  |  FRIDAY, 18 MAY 2018
Only one in five financial advisers consider clients' self-managed superannuation funds to be well diversified. The 2018 SMSF Insights Paper - a collaboration between Investment Trends, BT Financial Group and the SMSF Association - shows that despite ...

PIMCO and Allianz begin hiring spree for new business

ALEX BURKE  |  THURSDAY, 17 MAY 2018
PIMCO and Allianz are launching a new Australian retirement income business and recruiting 50 roles in distribution, technology, actuarial, legal, operations, compliance, marketing and customer experience. The new business, Allianz Retire+ Powered by ...

Fees for no service compensation unfinished business: ASIC

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
Newly-minted ASIC chair James Shipton said there will be more consumer compensation to come over fees for no service financial advice. Three months into his role, Shipton addressed the annual Australian Council of Superannuation Investors (ACSI) conference ...

Chief economist update: Onwards and downwards to a recession?

BENJAMIN ONG  |  THURSDAY, 17 MAY 2018
Now look at what you've done. It's over! Japan's eight consecutive quarters of expansion is no more. Preliminary estimates show the country's real GDP contracted by 0.2% in the March quarter, more than reversing the 0.1% gain in the ...