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Showing 1651 - 1660 of 4761 results for "July 2014"

AMP Life sale blocked

JAMIE WILLIAMSON  |  MONDAY, 15 JUL 2019
AMP has confirmed the sale of its life insurance business to Resolution Life is highly unlikely to go ahead. The institution said the sale of AMP Life is highly unlikely to proceed on the current terms do to challenges in meeting the condition precedent ...

Much review about nothing

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
The Government's recently announced review of Australia's retirement income system has been met with confusion by some of the industry's big players. "Speaking at the Bloomberg buy-side forum in Sydney recently, the newly-minted Assistant ...

Chief economist update: Don't buy a Big Mac in America

BENJAMIN ONG  |  FRIDAY, 12 JUL 2019
The Bloomberg US Dollar Spot index was trading at 96.7680 on the day Trump tweeted the below: "China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA. We should MATCH, or continue being ...

Super fund increases fees

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2019
A $12 billion superannuation fund has made a series of changes to its administration and investment fees. As of July 1, LGIAsuper has introduced a flat administration fee of $1.50 per week across all of its investment options, including diversified ...

Coolabah buys retail fund manager stake

KANIKA SOOD  |  THURSDAY, 11 JUL 2019
Christopher Joye's Coolabah Capital Investments is taking full ownership of a retail fund management business it developed as a joint venture with Yellow Brick Road. Smarter Money Investments offers fixed income and cash strategies managed by Coolabah. ...

Chief economist update: A case for optimism

BENJAMIN ONG  |  THURSDAY, 11 JUL 2019
... package on the 4th) - looks worse. Australian consumer sentiment slid from a reading of 100.7 points in June to 96.5 in July - the lowest in two years, indicating that worriers outnumber half-glass full consumers. The details of the report showed that ...

Remembering Ron Grima

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JUL 2019
Known for his unwavering commitment and support of financial advisers, respected business development veteran Ron Grima passed away on July 2 after a short battle with motor neurone disease. Most recently a business development manager on Australian ...

MLC faces class action over adviser fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUL 2019
IMF Bentham and William Roberts Lawyers will bring a class action against MLC's super fund trustee NULIS Nominees relating to excess fees charged to members for adviser commissions. IMF Bentham and William Roberts will allege NULIS breached its ...

Downsizer contributions skyrocket

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
The superannuation industry has reaped an additional $1 billion since the downsizer contribution was introduced one year ago. More than 4200 individuals have used the downsizer measure, according to Federal Treasury figures. Older Australians living ...

PYSP communication divides opinion

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
Industry opinion about how effectively the Protecting Your Super reforms were communicated is mixed, according to Financial Standard 's recent spot poll. We sought to find out if trustees communicated the PYSP legislation in a clear, timely and ...