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Showing 1371 - 1380 of 3876 results for "Pension"

Outflows dent IOOF advice, funds businesses

KARREN VERGARA  |  MONDAY, 4 FEB 2019
IOOF recorded net outflows of $481 million in its financial advice and funds management businesses during the final quarter of 2018. The advice business suffered $295 million of net outflows despite completing the transition of 661 former ANZ-aligned ...

Tough quarter for world's largest pension fund

KANIKA SOOD  |  MONDAY, 4 FEB 2019
The world's largest pension fund lost about $186 billion in the three months to December 31, as equities performed poorly. Japan's Government Pension Investment Fund (GPIF)'s total assets dipped to $1.9 trillion in the third quarter of FY18 (in Australia ...

Industry Super Australia attacks Future Fund concept

HARRISON WORLEY  |  TUESDAY, 29 JAN 2019
... a top performing industry fund for the Future Fund. The peak body said the analysis is based on top quartile balanced pension fund options, because their asset allocation is "substantially similar" to balanced accumulation options, but with a similar ...

New rules for UK retirement income products

JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
The UK's pension fund industry is set to be hit with strict new investing rules, with proposed regulation designed to increase consumer engagement. The Financial Conduct Authority is concerned about consumers moving into drawdown and holding their funds ...

MLC drops wrap and super admin fees

DARREN SNYDER  |  TUESDAY, 29 JAN 2019
... cheapest platforms in Australia. Additionally, Lloyd is lowering administration fees for the retail MLC MasterKey Super and Pension Fundamentals product. The moves are described as one of the biggest fee reductions undertaken at MLC Wealth and more than ...

MTAA Super makes fee cuts

HARRISON WORLEY  |  FRIDAY, 25 JAN 2019
... amounts rolled out of the fund. It will make a 33% fee reduction in the form of a reduced asset-based administration fee for pension accounts. Previously 0.15%, the fee will now equate to 0.10%. Finally, the fund has increased the fee cap on pension ...

Norwegian pension fund drops WHSP

HARRISON WORLEY  |  FRIDAY, 18 JAN 2019
Norges Bank decided its Government Pension Fund Global should drop Washington H. Soul Pattinson from its investment universe. Norges Bank's Government Pension fund Global has axed Washington H. Soul Pattinson from its investment universe based on recommendations ...

Labor reforms to increase welfare dependency

JAMIE WILLIAMSON  |  THURSDAY, 17 JAN 2019
... Australian equities end up worse off than if they had not saved for retirement at all. "For example, an SMSF couple in pension phase with $1 million in savings and no Age Pension can now enjoy an annual income of $60,000 a year of which $42,000 is dividend ...

PSP ramps up Aussie agriculture investment

KARREN VERGARA  |  WEDNESDAY, 16 JAN 2019
The $166 billion Canadian pension investment manager PSP Investments has acquired a stake in an Australian grain and logistics company BFB. Already a major investor in Australia's agricultural sector, PSP Investments bought out private equity firm ...

IOOF, ANZ deal not in best interests of members: Morningstar

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JAN 2019
While IOOF remains confident it will be successful in acquiring ANZ's pensions and investments business, Morningstar is not convinced. Despite yesterday's news of amendments to the contract of sale agreed between IOOF and ANZ, the research house said ...