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Showing 1321 - 1330 of 3802 results for "HOME"

Portfolio manager caught out faking returns

KANIKA SOOD  |  FRIDAY, 19 JUL 2019
... investors in periodic statements was overstated and they paid excess management fees for the propped up returns. He took home US $600,000 in excess compensation from the fund's overstated performances and tried to cover up his conduct, the SEC said. ...

Reform implementation timeframe too short: AustralianSuper

HARRISON WORLEY  |  WEDNESDAY, 17 JUL 2019
... fund noted 68% of people aged between 25 and 55 are married, and added 37% of all couple families had children living at home, which is likely to be higher among 25 - 55 year old's, according to the fund. "This indicates a relatively high level of ...

Super fund invests through RateSetter

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUL 2019
... invested in the National Clean Energy lending market on RateSetter but the lender is also the sole administrator of the SA Home Battery Scheme which involves $100 million in state government subsidies and $100 million in low-interest loans made available ...

Average Australian is a millionaire: ABS

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
... average household super balance nearly doubling over the last 12 years. Meanwhile, long term growth in house prices have seen home ownership contribute to greater wealth for the average Australian. "While ABS data has shown that there is a recent downturn ...

AFCA delivers $83 million win

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
... credit providers with 5447. The most complained about financial products were credit cards with 5191 complaints, followed by home loans with 2921 and personal loans with 2704. In good news, AFCA reports that the vast majority of financial firms (88%) ...

Increasing SG costly for middle Australia: Grattan

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
... forestall wage increases that could have sparked inflation. "And workers appear to have paid for compulsory super via lower take-home wages. That's the view of the Henry Tax Review and the Parliamentary Budget Office." It is also the position held by ...

Aussie HNWIs slip down global rankings

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
... 278,000 to 266,000 between 2017 and 2018. Australia fell from ninth place to the 10th spot, overtaken by Italy. The US remains home to the largest HNWI population (5.3m), followed by Japan (3.2m), Germany (1.4m) and China (1.3m). One of the key drivers ...

Downsizer contributions skyrocket

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
The superannuation industry has reaped an additional $1 billion since the downsizer contribution was introduced one year ago. More than 4200 individuals have used the downsizer measure, according to Federal Treasury figures. Older Australians living ...

Industry funds surge ahead in satisfaction

KANIKA SOOD  |  MONDAY, 8 JUL 2019
Industry funds have widened their lead over retail funds in how satisfied their members are with their fund's financial performance over the last 12 months, according to latest Roy Morgan research. In May last year, 62% of industry fund members said ...

Suncorp named Bank of the Year

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
... The awards aim to help Australians choose reliable financial products. In addition to Bank of the Year, Suncorp also took home Business Bank of the Year. Suncorp received the highest aggregate score across multiple product lines and services including ...