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Showing 121 - 130 of 445 results for "Term Deposits"

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... many. It offered this example: "ASIC identified that some Australian banks were defaulting loyal customers whose term deposits had expired into new term deposits. The 'new' term deposits had significantly lower interest rates than available alternatives ...

Advice associations slammed

JAMIE WILLIAMSON  |  THURSDAY, 3 OCT 2019
... of income, the UFAA said. The figures provided by the UFAA claim the FPA has more than $16.5 million in cash and term deposits, while the AFA has $1.7 million. "Members have to question what they have been paying their fees for," the UFAA said. "Neither ...

Calls for better drawdown rules

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2019
... on providing advice and limited information available about retiree members. "Living off the interest income from term deposits or the dividend income emanating from a share portfolio sounds attractive but for most retirees (who have little in the way ...

Boutique launches new fund

KARREN VERGARA  |  MONDAY, 26 AUG 2019
A boutique fund manager has launched a new income fund that provides an alternative to low-yielding cash and term deposits. Prime Value's Diversified High Yield Fund, which launched on August 1, aims to provide investors with a return of 4% per ...

Low inflation rate masks rising living costs woes

KRISTI CHENG  |  TUESDAY, 13 AUG 2019
... but at the same time they have been facing increased costs of living and lower returns from investments, such as term deposits," he said. Fahy uses these figures to highlight the importance of having sufficient savings in superannuation "to support the ...

Deeming rate calculations should be independent: Poll

KARREN VERGARA  |  THURSDAY, 25 JUL 2019
... affected. For couples, that's $38,000." Many will continue to be "over deemed" if they have their money in 2% term deposits, he said, adding the Government might also explain exactly how it calculated 1% and 3% as the right rates. The new spot poll ...

Aussie millionaires are cashed up: Report

KARREN VERGARA  |  THURSDAY, 25 JUL 2019
... investable assets respectively) surveyed, a whopping 81% are sitting on cash in the form of savings accounts and term deposits. More than half (56%) invest in Australian equities, followed by direct residential property (42%). Home bias was evident in ...

Government reduces deeming rates

KARREN VERGARA  |  MONDAY, 15 JUL 2019
... will receive, is applied to financial investments. These assets are defined as pensioners' savings accounts and term deposits, managed investments, loans and debentures, listed shares and securities, and some income streams. In June, the Reserve ...

Industry fund awards $500m mandate

KANIKA SOOD  |  THURSDAY, 4 JUL 2019
An industry superannuation fund has appointed IFM Investors to manage cash and term deposits, as a precursor to an ongoing relationship for its fixed interest assets. Australian Catholic Superannuation & Retirement Fund told Financial Standard it has ...

ASIC product intervention to commence

JAMIE WILLIAMSON  |  THURSDAY, 27 JUN 2019
... Chester said. Example case studies of the kind of instance ASIC would intervene in include the automatic rollover of term deposits seen by ADIs in 2009. Institutions were actively and deliberately engaging in dual pricing; advertising the higher interest ...