Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1471 - 1480 of 6248 results for "December 2002"

Ausbil drops fees on global equities fund

KANIKA SOOD  |  THURSDAY, 8 OCT 2020
Ausbil Investment Management has dropped the fees on a global equities fund with a sustainability focus by about 30bps. The Candriam Sustainable Global Equity Fund went from charging 1.05% per year in management costs to about 0.75% per year, effective ...

Netwealth sees rise in inflows

ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
Netwealth has experienced a leap in inflows for the September quarter of $1.9 billion, bringing total funds under administration to over $34 billion. The figure represents a 24.5% increase in FUA net inflows against the prior corresponding period. Its ...

Budget commitment to aged care not good enough

ALLY SELBY  |  TUESDAY, 6 OCT 2020
Treasurer Josh Frydenberg has announced the government will commit more than $1.6 billion to provide support to the country's ageing Australians, but experts say the measures don't go far enough. The Treasurer announced the record funding would ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
Any MySuper products that fail a new APRA-administered annual test twice in a row will not be allowed to receive any new members until they improve their performance. The prudential regulator will conduct benchmarking tests on the net investment performance ...

Frydenberg focusses on jobs, jobs, jobs

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
The government estimates that in 2020-2021 $227.5 billion will be spent on social security and welfare - up 15.4% in real terms from the $196 billion spend last year. The social security spending is largely in response to the COVID-19 crisis, with the ...

Trustees cutting corners: Rowell

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
The prudential regulator has lambasted superannuation funds for not taking underperformance seriously and failing to compare themselves accurately against their peers. APRA deputy chair Helen Rowell said that many superannuation funds are overlooking ...

Chief economist update: Pandemic, what pandemic?

BENJAMIN ONG  |  THURSDAY, 1 OCT 2020
Like the Energizer bunny, the price of iron ore keeps on going and going and going... up. And this, despite the coronavirus pandemic still doing the rounds on Earth - ongoing first wave or second wave - with worldometer.com's latest stats showing ...

APRA resumes life insurance intervention

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
APRA will resume its intervention into the life insurance market to stem ongoing heavy losses in individual disability income insurance. APRA announced its intervention in December last year, highlighting flaws in individual disability income insurance ...

IFM, Trafigura launch renewable investment company

ALLY SELBY  |  TUESDAY, 29 SEP 2020
IFM Investors has formed a joint venture with physical commodities trading group Trafigura to launch a new company set to invest in solar, wind and power storage projects globally. Nala Renewables aims to build a portfolio of renewable energy projects ...

BlackRock clamps down on work romances

KARREN VERGARA  |  FRIDAY, 25 SEP 2020
BlackRock is urging its employees to disclose their involvement in office romances, as well as intimate relationships with anyone associated with the US$7.4 trillion asset manager, in a bid to crack down on conflicts of interest. BlackRock staff members ...