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Showing 1891 - 1900 of 9316 results for "Red"

Cbus announces changes to admin fees, premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
Following on from the completion of its merger with Media Super, Cbus will shave its administration fees by 25%. However, at the same time, some members will begin paying more for death and TPD. The reduction in the dollar-based administration fee will ...

Russell Investments launches ESG managed portfolios

JAMIE WILLIAMSON  |  TUESDAY, 10 MAY 2022
Following investor demand for more ESG options, Russell Investments has launched a range of sustainable managed portfolios. The Russell Investments Sustainable Managed Portfolios include directly held Australian shares, selected according to ESG objectives ...

ETF Securities to win Australian crypto ETF race

ANDREW MCKEAN  |  TUESDAY, 10 MAY 2022
ETF Securities is claiming to have won the race to launch Australia's first bitcoin and ether ETFs. Cosmos Asset Management, 3iQ and other companies have jockeyed with ETF Securities to list first, but the latter has said it's ended the multi-year contest ...

Westpac reports $3.1bn in cash earnings

ANDREW MCKEAN  |  MONDAY, 9 MAY 2022
The bank's cash earnings dropped due to competitive pressures on net interest margins and reduced credit impairment benefits. More promisingly, Westpac's earnings were up 71% compared to the second half of last year due to the success of its cost reset ...

Class Trust adds lodgment functionality

JAMIE WILLIAMSON  |  FRIDAY, 6 MAY 2022
The SMSF software provider is set to release an Electronic Trust Lodgment functionality as part of Class Trust, removing the need for manual lodging of tax returns. Class said the addition of the functionality will reduce manual processes and the time ...

Federal Court rules against RI Advice in cybersecurity case

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
The Federal Court has found RI Advice breached its obligations as a licensee by failing to have adequate systems in place to manage cybersecurity risks, leading to several incidents that put client information at risk. In what ASIC says is an Australian ...

US Federal Reserve enacts biggest rate hike in 22 years

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
The US Federal Reserve has raised rates by 0.5%, the most aggressive interest rate increase in over 20 years. In his opening statement, Federal Reserve chair Jerome Powell said: "Inflation is much too high, and we understand the hardship it is causing ...

Datt Capital lashes board nominees

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
... Investment Management directors Neil Schafer and Brett Spork. In what Datt Capital describes as an "opaque" decision and "red flag", Schafer was voted off the Clime board last year. About a month later, Spork stepped down from his board role. Schafer ...

MLC Life Insurance joins forces with Insignia Financial

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
The new claims experience will provide members with greater choice in how they lodge and track their claim. It will also enable submissions to be assessed sooner. From today, MLC MasterKey and Plum Super members insured by MLC Life Insurance will be ...

ANZ stablecoin amplifies changing operating models

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
ANZ has seized the opportunities afforded to it by global digital currency adoption and created the first Australian-bank-issued stablecoin with positive results. Having only recently minted its first stablecoin, ANZ has already found several key elements ...