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Showing 151 - 160 of 544 results for "Term deposit"

Super fund invests through RateSetter

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUL 2019
... loans and receive a fixed interest rate over a number of years for their investment - functioning similarly to a term deposit. RateSetter's National Clean Energy lending market allows people to apply for the loans to purchase solar panels and batteries. ...

Government reduces deeming rates

KARREN VERGARA  |  MONDAY, 15 JUL 2019
The Federal Government has announced changes to deeming rates, a move welcomed by over 600,000 age pensioners. The Department of Human Services (DHS) will backdate deeming rates from 1 July 2019. The lower deemed rate will drop from 1.75% to 1%, while ...

Industry fund awards $500m mandate

KANIKA SOOD  |  THURSDAY, 4 JUL 2019
... of its 'cash and term deposits' investment option as well as some other cash reserves. "At this stage the [IFM term deposit] mandate will be around $500 million with additional new investments into the [separate] IFM Transaction Cash Fund and is ...

ASIC product intervention to commence

JAMIE WILLIAMSON  |  THURSDAY, 27 JUN 2019
ASIC has initiated consultation on new powers allowing it to intervene where it feels financial products have caused or are likely to cause consumer detriment. Under new product intervention powers, ASIC will be able to take action against financial ...

Commonwealth Bank mulls retail advice business sale

KANIKA SOOD  |  FRIDAY, 21 JUN 2019
Commonwealth Bank is reviewing options for its CommSec Advisory business, including a potential sale. "As part of our focus on becoming a simpler, better bank, we are currently reviewing a number of options for CommSec's retail financial advice ...

Cashwerkz, Praemium ink deal

HARRISON WORLEY  |  WEDNESDAY, 5 JUN 2019
Financial advisers using Praemium's integrated managed accounts offering can now access the Cashwerkz platform. The two firms have entered a "data feed partnership" that will allow advisers using Praemium to access Cashwerkz's marketplace offering from ...

J.P. Morgan cuts management fees

KARREN VERGARA  |  TUESDAY, 4 JUN 2019
J.P. Morgan Asset Management Australia has slashed management fees on all bond funds by nearly a third. From 1 June 2019, management fees for the following bond funds have been reduced: JPMorgan Global Strategic Bond Fund - from 0.60% to 0.40%; JPMorgan ...

Rising costs outpace retiree savings

KARREN VERGARA  |  FRIDAY, 24 MAY 2019
The savings of retirees can't keep up with the skyrocketing costs of goods and services, a retirement index shows. The Association of Superannuation Funds of Australia's Retirement Standard for the March quarter estimates retired couples need ...

NAB sells fund administration business

HARRISON WORLEY  |  MONDAY, 20 MAY 2019
... up NAB's managed funds services business, Ausmaq. Deutsche Borse has acquired the specialist managed funds and term deposit administrator through its international central securities depository subsidiary, Clearstream. The move will see Clearstream ...

SMSF gender gap reduces over time

HARRISON WORLEY  |  TUESDAY, 7 MAY 2019
... report also showed SMSFs don't waste time when it comes to investing. In their first year, SMSFs start with cash and term deposit allocations of around 36%. However, after just a year that figure drops to roughly 22%, and with capital redeployed into ...