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

Search Results

Showing 1301 - 1310 of 8613 results for "Lower"

AMG Super rebrands divisions to cut costs

KANIKA SOOD  |  MONDAY, 11 JAN 2021
... the fact that they are a part of AMG. So the timing is right to make a transition," Hegerty said. He said the goal is to lower AMG's expenses by 17% over the next three years. However, he declines to comment on current expenses. AMG Super had about ...

Chief economist update: No pandemic on Wall Street

BENJAMIN ONG  |  MONDAY, 11 JAN 2021
Pandemic? What pandemic? The S&P500 index the Dow Jones Industrial Average closed 2020 at record highs despite the US topping the list of countries with most total cases of coronavirus infections (21.3 million or roughly 25% of the world's total) ...

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... ADI capital requirements via a $100 million distribution in the March quarter. Normalised NPAT for FY21 will be $3 million lower but still within the guidance range of $390 million to $440 million. It expects the bank to break even from FY22. Bell Porter ...

Super industry to branch out: Rice Warner

ELIZA BAVIN  |  WEDNESDAY, 23 DEC 2020
... retirement industry, which the report suggests is only likely to get bigger. "Over the next 15 years, the market will grow at a lower rate than the last two decades. Lower fund earnings and slower population growth will lead to a compound annual growth ...

Future Super cuts fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 DEC 2020
... bring our Balanced Index fees to well-below the industry median," Future Super chief executive Kirstin Hunter said. "These lower barriers mean that more Australians will be investing in a future that they want to live in." Hunter added: "2020 has been ...

Foreign investors face tip offs

ANNABELLE DICKSON  |  TUESDAY, 22 DEC 2020
... breaching the foreign investment rules, penalties including large fines or up an imprisonment period of three years may apply. Lower penalties may apply for those coming forward voluntarily. "Stronger and more flexible enforcement options will ensure ...

QLD super funds advance merger

KARREN VERGARA  |  TUESDAY, 22 DEC 2020
... billion. Energy Super chair Richard Flanagan said combining the funds would achieve further economies of scale to deliver lower fees to members, and accelerate the delivery of enhanced services and products. "The two funds share similar values and cultures ...

APRA Connect to go live in 2021

KARREN VERGARA  |  TUESDAY, 22 DEC 2020
... revised implementation approach is responsive to the impacts of the challenging COVID-19 environment and will facilitate a lower risk transition to the new solution," he said.

DomaCom partners for Sharia-compliant home loans

KANIKA SOOD  |  MONDAY, 21 DEC 2020
... holding graduate degrees, compared to 30% for the broader population. However, the rate of home ownership in the cohort is lower than the broader population (15% vs. 66%) The report estimates the Shariah-compliant mortgage finance market stands at $192 ...

Almost 3000 advisers gone in 2020

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
... of MLC's advice transformation, followed by Interprac Financial Planning which grew by 38. The growth numbers were much lower than the losses, demonstrating the contraction of the sector. Sentry Advice managed to pick up 32 advisers, Nextplan grew by ...