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

Search Results

Showing 1531 - 1540 of 6215 results for "SIX"

APRA heatmap sees members save on fees

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... APRA analysis shows a significant proportion of MySuper members have been spared more than $100 million in fees in the last six months thanks to the introduction of its heatmap. Updating its MySuper heatmap to reflect changes in the fees charged, APRA ...

Robo users double down during COVID-19

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
Robo advice provider Six Park saw a significant increase in users topping up their accounts during March and April, as COVID-19 rocked markets. In a normal period, Six Park sees about 10-15% of users top up their accounts over a two month period. But ...

Disgraced lobbyist charged

ALLY SELBY  |  FRIDAY, 26 JUN 2020
... about his life, has been charged over his role in a fraudulent bitcoin scheme. Jack Abramoff, who in 2006 was sentenced to six years in federal prison for mail fraud, bribing public officials and tax evasion, has now been charged with conducting a fraudulent ...

Cbus, Media Super explore merger

KANIKA SOOD  |  THURSDAY, 25 JUN 2020
After six months of auditioning potential merger partners, Media Super has settled on Cbus in a model that is expected to be similar to that of Equipsuper and Catholic Super joint venture. The two funds haven't yet signed a memorandum of agreement ...

Rice Warner questions super return targets

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
... with underlying inflation currently less than 2% p.a., the targets imply that funds will only need to earn between five and six per cent per annum to hit the targets. "While that seems plausible, these figures are likely to be disconnected from the realised ...

ASIC refuses just 3% of AFSL relief applications

HARRISON WORLEY  |  WEDNESDAY, 24 JUN 2020
The corporate regulator refused just 3% of Australian financial services licence relief applications in the six month period that saw COVID-19 intensify. Outlining the regulator's relief application decisions in the six month period between October ...

COVID-19 brings trading boom

HARRISON WORLEY  |  MONDAY, 22 JUN 2020
... rally," Dale said. The nabTrade executive said the firm noticed a rush to start investing throughout March, with a record six-fold jump in new applications in the week the market reached its low point. "As this rapid growth has slowed steadily, so too ...

ATO cracks down on ERS misuse

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
... before accessing the scheme as it comes with a hefty price tag at retirement, for those in their 20s it could be as high as six figures. Treasury had estimated 1.5 million Australian would remove around $27 billion from super, with current applications ...

HESTA asks Retirement Income Review to consider ERS

KANIKA SOOD  |  FRIDAY, 19 JUN 2020
The $52 billion industry super fund says its younger members have "virtually drained" their retirement savings during COVID-19 and is asking the Retirement Income Review to urgently consider ERS's impact on women's retirement outcomes. About ...

FASEA schedules remaining 2020 exam dates

ALLY SELBY  |  FRIDAY, 19 JUN 2020
... last sittings for the year will run from November 5-10, across seven metro and seven regional locations. Since June 2019, six separate exams across 32 sitting days have been run by FASEA in multiple locations and online. "Prior to COVID-19 restrictions ...