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| | | The industry fund for coal miners has lowered investment and administration fees on pension products effective July 1. Mine Super's account-based pensions lowered the investment fees on four premixed options: aggressive (0.45% to 0.37%), growth ... |
| | | | ... remuneration company-wide in response to COVID-19. The rest of the group executive team and board of directors will be paid 10% lower base salary for the six months. The group executive will not get any cash bonuses for FY20. Further, Perpetual will ... |
| | | | ... world, a greater proportion of Australians during the crisis have checked their superannuation more regularly, switched to lower-risk investments and started drawing down their super assets early. "Australians surveyed also showed an appreciation for ... |
| | | | ... The ETOs, available over stocks ranging from BHP to WOW, will allow clients to build a diversified equity portfolio for a lower initial outlay than would be the case if they purchase shares directly, Saxo said. They also provide potential yield enhancement ... |
| | | | ... terms," Mercer said. While the median manager beat the benchmark for the full financial year, the gap between the upper and lower quartile of managers has continued to widen, Mercer said. The upper quartile of managers returned -4%, 6.6% and 8%, on a ... |
| | | | ... have had to make due to the COVID-19 pandemic." Bragg said allowing for more tech-neutrality in the advice space will help lower the cost of advice and said changes of that nature will be made public by the government soon. Bragg also discussed his thoughts ... |
| | | | ... easing measures if necessary, and also it expects short- and long-term policy interest rates to remain at their present or lower levels." This is understandable given the sprint of policy stimulus measures the Japanese central bank announced over the ... |
| | | | ... guarantee," O'Neil said. "AMP has issued Notices of Termination to an estimated 205 planners that were assessed as being of 'lower profitability', forcing many to sell their businesses for less than one tenth of what they were worth before these changes." ... |
| | | | ... the start of repeat applications in the 2020/21 financial year." The regulator said the 511,000 applications received is lower than the 665,000 applications received during the first week of the early release scheme (April 20 to April 27). "Out of the ... |
| | | | Standard & Poor's has downgraded AMP Limited's credit rating from BBB+ to BBB, with all AMP Group entities on CreditWatch with negative implications. The rating assigned to AMP Bank remains unchanged by S&P at BBB+. The change to the credit rating is ... |
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