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Showing 1301 - 1310 of 6146 results for "Money"

Retail default fund tops performance table

KARREN VERGARA  |  THURSDAY, 3 DEC 2020
A retail MySuper fund delivered the best returns in the three years to October, the latest Rainmaker league table shows, but on an aggregate industry superannuation funds outranked peers. Australian Ethical Super's balanced accumulation fund (6.7% ...

Best super, pension fund revealed

JAMIE WILLIAMSON  |  THURSDAY, 3 DEC 2020
The best superannuation and pension funds have been named in the annual Money magazine Best of the Best Awards. In determining the awards, Rainmaker Information reviewed MySuper products, and asset classes that include growth, balanced, moderate (capital ...

We've done our part, now it's your turn: Lowe

ELIZA BAVIN  |  THURSDAY, 3 DEC 2020
... on, to which Lowe reminded her was not his place. "I am reluctant to give you a specific answer because I'm an expert on money and finance, I am not an expert on government policy," Lowe said. "I have a strong interest in the question you ask, so I have ...

Westpac enters into court enforceable undertaking

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... governance step-change that APRA requires," Lonsdale said. APRA's concerns stem from AUSTRAC's allegations of anti-money laundering (AML) breaches against the bank in December 2019. The prudential regulator had concerns with Westpac's "immature ...

Aussies lost money due to lack of advice

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 DEC 2020
Despite Australia living up to its reputation as a lucky country during the COVID-19 pandemic, Australians' investments took a bigger hit than their international counterparts - likely due to a lack of financial advice. New research from PIMCO surveyed ...

Chief economist update: David Australia versus Goliath China

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2020
... exports to Australia only accounts for 1.9% of China's total exports. In addition, Australia will have to find more money to finance its fiscal deficit should China decide to stop iron ore imports. The Australian government's projected Budget ...

QSuper bets on new retirement product

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... retirement product that guarantees a lifetime income, hoping to combat longevity risk and fears that retirees will run out of money. Chief executive Michael Pennisi told a recent member update that the product, while still in the works, complements the ...

Dollarmites faces more backlash

ANNABELLE DICKSON  |  TUESDAY, 1 DEC 2020
... effective marketing for CBA which get customers, sometimes for life. There has to be a better way to teach our kids about money that doesn't involve kickbacks," she said. "Australia's other state and territory governments should follow Victoria's lead ...

IOOF ups costs for self-employed advisers

ELIZA BAVIN  |  TUESDAY, 1 DEC 2020
... structured and making sure that we are an efficient partner in terms of our structures so that when we go back and ask for more money we will not only be delivering more services but we are being absolutely crystal clear about how efficiently we are ...

APRA takes action against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 1 DEC 2020
... Westpac's risk governance is ongoing. Commenced in December 2019, the review came on the back of AUSTRAC's allegations of money laundering. At the time, Westpac was forced to apply an additional $1 billion of capital - an add-on that remains ...