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Showing 1721 - 1730 of 7108 results for "December"

Industry fund hikes income protection premiums

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
... announced an increase in insurance premiums for default and non-default income protection. The premiums will increase from 1 December 2020 and will apply to members who receive automatic default income protection cover and any members who apply for the ...

Chief economist update: Lowe taking interest rates lower

BENJAMIN ONG  |  FRIDAY, 16 OCT 2020
... household savings ratio soared to 19.8% in the June quarter from 6.0% in the March quarter and 3.6% in the three months ended December 2019. To quote governor Lowe: "What are people going to do with this extra saving and improved debt situation... how ...

Chief economist update: Money buys happiness

BENJAMIN ONG  |  THURSDAY, 15 OCT 2020
... lower interest rates will only be saved as evidenced by the increase in the household savings ratio from 3.6% in the December 2019 quarter (before the pandemic and the lockdown) to 6.0% in the March 2020 quarter and 19.8% in the June quarter - the highest ...

APRA highlights heatmaps success

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
... underperforming in the areas of investment returns and fees," APRA said. "The first MySuper heatmap was published in December 2019, with an updated version published in June 2020 to reflect changes to fees and costs since the original publication." The ...

Proposed changes ahead for APRA's heatmaps

ANNABELLE DICKSON  |  TUESDAY, 13 OCT 2020
... accounts. In light of this, APRA will consider potential changes to the next iteration of the heatmap which is planned for December 2020. Rowell said APRA's expanded data collection will be critical to the proposed reforms and are proposed to be ...

Adviser sentenced to eight years' prison

ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
... months. He was reported to ASIC by Synchron, which also ceased his authorisation, in April 2018. Between March 2006 and December 2017, Dick accessed and transferred about $1.1 million of clients' superannuation, pensions and personal savings. Dick ...

Ausbil drops fees on global equities fund

KANIKA SOOD  |  THURSDAY, 8 OCT 2020
... but before taxes) to the MSCI World (net dividends reinvested)'s 4.82% over the 12 months ending June 30. Returns since December 2002 inception are 0.79% p.a. below the benchmark, factoring in the old fees.

Netwealth sees rise in inflows

ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
... benefit from ongoing industry consolidation, adviser movement and transitions and the end of grandfathers commissions on 31 December 2020," Netwealth said. It also reported that it has a cash transaction account balance of around 9.1% of FUA to allow ...

Budget commitment to aged care not good enough

ALLY SELBY  |  TUESDAY, 6 OCT 2020
... government announced they would receive two economic support payments, the first of which would be a $250 payment in December and further $250 payment in March 2021. It comes after the government provided a $750 payment in April and July this year, to ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... review, CIPRs, Eligible Rollover Funds The budget did not extend the early release of superannuation (ERS) scheme past 31 December 2020. Adjusted drawdown rates for account-based pensions were also left untouched. There was also no sign of the Frydenberg-commissioned ...