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Showing 1361 - 1370 of 8613 results for "Lower"

Pendal profits tumble 25%

KANIKA SOOD  |  WEDNESDAY, 4 NOV 2020
Pendal reported $116.4 million or 25% lower net profit after tax in the year ending September, even as inflows started to pick up in the last three months. The figure includes its seed investments' movements which were marked-to-market. If it weren't ...

Three in a row for NSW? MySuper says so

JAMIE WILLIAMSON  |  WEDNESDAY, 4 NOV 2020
... However, just when it looks like Queensland could be in with a shot of taking out the series, NSW scores again with its lower average fees; across all account balances from $1000 through to $250,000, NSW super funds are on top. And, as we know when it ...

Chief economist update: RBA does the limbo rock

BENJAMIN ONG  |  WEDNESDAY, 4 NOV 2020
... declined to 0.27% from 0.28% before the RBA's announcement; ten-year bond yields dropped to 0.77% from 0.82%. This would lower the national and state government's cost of borrowing to fill budget deficits that have grown in efforts to mitigate ...

Perpetual rejigs WealthFocus fees

KANIKA SOOD  |  TUESDAY, 3 NOV 2020
Perpetual is set to lower the fees for over 40 funds on its WealthFocus platform, including internal and external products. Effective December 1, it is changing fee structures for nearly 46 funds, lowering management fees and ending normal expense recoveries. ...

Healthcare dominates impact investing: American Century

ANNABELLE DICKSON  |  TUESDAY, 3 NOV 2020
... American Century vice president, head of ESG and investment stewardship Guillaume Mascotto said even though healthcare ranked lower in Germany, the pandemic has put the spotlight on health. "In any case, our ESG team interpreted the results as an elevation ...

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
... superannuation platforms and investments cash earnings at $111 million, down from $285 million in 2019 which Westpac says was due to lower margins and higher compliance costs. Insurance recorded a net loss of $480 million due to bushfires, storms and ...

UniSuper revises fees for TTR members

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
... TTR members pay 0.40% per year but do not pay admin fees. In October 2018, the fund reduced admin fees for members with lower balances. The $96 admin fees per year was replaced with a 2% p.a. admin fee capped at $8 per month. "This change had the practical ...

Ares bids for AMP

ELIZA BAVIN  |  FRIDAY, 30 OCT 2020
... Mathan Somasundaram told Financial Standard it is likely in the realm of around $1.80-$2.00 per share. "The bid looks to be lower than where the sum of the parts range is likely to fall. After you discount for the problems and brand damage, I think everyone ...

ANZ sees profits plummet, plans to exit thermal coal

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
... much as possible under the guidance set out by APRA," he said. "Significantly for the broader market, bad debt has come in lower than expected, signalling Government stimulus is working. In addition, ANZ released an updated climate policy and has promised ...

Aware Super in-houses fund administration

KANIKA SOOD  |  TUESDAY, 27 OCT 2020
... latest technology, Aware Super plans to reduce its operating costs over time and pass on those savings to members through lower fees," the fund said. Aware will use them for superannuation, income stream, unit trust and advice offerings. Bravura will ...