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Showing 1381 - 1390 of 4837 results for "EAC"

AMP, CBA, Westpac face potential class action

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
The financial advice arms of AMP, Commonwealth and Westpac are all facing a potential class action from law firm Piper Alderman. The law firm is calling on any customers who have acquired, renewed or continue to hold a financial product on recommendation ...

ISA, Grattan find common ground

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
Industry Super Australia has found some common ground with the Grattan Institute in regards to its report on the effects of the government's Early Release of Super (ERS) scheme. Part of Grattan's modelling found that millions who accessed the COVID-19 ...

Boutique launches multi-asset fund

KANIKA SOOD  |  MONDAY, 10 AUG 2020
New Zealand's Milford Asset Management is launching an income-focussed, multi-asset fund to the Australian market, in its third local launch. The Milford Diversified Income Fund (AU) will invest in fixed interest and equity income generating securities. ...

MySuper returns negative

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
Default MySuper products delivered negative returns in the 2019/2020 financial year, but the results weren't as bad as they could have been. According to the Rainmaker MySuper investment performance index, MySuper products delivered an average return ...

UK competition watchdog blocks merger

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
The Competition and Markets Authority (CMA) has blocked the merger of retail investment platforms FNZ and GBST due to fears of it leading to higher costs for investors. FNZ purchased GBST in November 2019 for £150 million. The merged businesses would ...

Chief economist update: The V in recovery

BENJAMIN ONG  |  THURSDAY, 6 AUG 2020
Were it not for the "second wave" now doing the rounds in a number of cities around the world, the letter "V" would now be standing for "victory" against the war on COVID-19. The gradual easing of restrictions has unfrozen social and business activity ...

Cyber criminals jump on ERS

ELIZA BAVIN  |  TUESDAY, 4 AUG 2020
Reports of cybercrime increased significantly after the government announced the Early Release of Superannuation (ERS) and JobKeeper schemes, according to the Australian Competition & Consumer Commission. ACCC chair Rod Simms told the joint committee ...

Netwealth hits fund managers with new fee

KANIKA SOOD  |  FRIDAY, 31 JUL 2020
Netwealth will charge fund managers $2000 for each fee rebate arrangement, saying its costs of administering them have gone up. The platform business allows fund managers to offer fee discounts to financial advisers, licensees or managed accounts providers ...

Financial comfort reliant on fiscal support: ME Bank

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
Australian household financial comfort increased to near record highs throughout the pandemic as a result of government fiscal stimulus measures, according to ME Bank's latest Household Financial Comfort Report. Household financial comfort increased ...

Tasmania leads the nation: CommSec

ALLY SELBY  |  TUESDAY, 28 JUL 2020
For the first time since October 2009, Tasmania has taken out CommSec's top gong as the best performing economy in its own right. It replaces Victoria, which has held the top spot in the online stockbroker's State of the States survey - either outright ...