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

Search Results

Showing 2031 - 2040 of 8107 results for "Total"

Westpac profit jumps 138%

KARREN VERGARA  |  MONDAY, 1 NOV 2021
... significantly better performance than 2020. Owner occupied lending increased 9%. Consistent with increased liquidity in the market, total customer deposits were up 4% or $24.9 billion," King said. Westpac has paid or offered to pay $1 billion to compensate ...

Economic recap: Week to October 29

BENJAMIN ONG  |  MONDAY, 1 NOV 2021
... population - the country's infection and death rates per a million heads also tell the same story. New Zealand's total cases per one million of its population is 0.1%; death rate is 0.0006%. These compare with Australia's 0.6% and 0.006% ...

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... median basis using a member with a $50,000 balance. After examining 568 choice products with 43,000 investment options in total, choice products underperformed a risk-adjusted, peer-derived benchmark by more than 75 basis point compared to MySuper options. ...

AMP adds options to MyNorth

ANNABELLE DICKSON  |  FRIDAY, 29 OCT 2021
... and build on the 20 new options that were added last month. AMP expects more options to launch next month resulting in a total 150 investments added to the platform in 2021. "The launch of equity managed portfolios on the North platform delivers on our ...

Future Fund becoming more expensive to operate

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
... comparing costs with the average MySuper product would see the Future Fund charge significantly more. Currently, MySuper has a total cost ratio of 1.07% on average (see Figure 1). A major super fund like AustralianSuper charges 0.8% while some charge ...

Exam pass rate steady at 60%

KARREN VERGARA  |  TUESDAY, 26 OCT 2021
... statistics show that more than 1300 candidates sat the September exam, which is lower than the average of 1683. Of this total, 32% re-sat the exam compared to the average of 29%. The July pass rate stood at 61%, while the May exam registered a pass rate ...

Commonwealth Financial Planning to shutter

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
... under review after partially offloading the business to AIA. CBA first sold CommInsure Life to AIA in 2019 and received a total of $2.3 billion of proceeds made up of $2.1 billion in cash and $240 million in dividends payments.

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
... now averaging 1% overall. The average default MySuper product now charges 1.08%, down from 1.13% the previous year. The total expense ratio for not-for-profit and retail funds is now 1.07% and 1.08%, respectively. There is also no difference in the total ...

Christian Super enhances insurance offering

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
... favourable way for the overall membership base," Piper said. Also from November, the way in which Christian Super defines total and permanent disability will be simplified. Currently, a member must satisfy one of five distinct categories, the fund said. ...

Montgomery adds to global strategy

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... chief investment officer Roger Montgomery said. The fund aims to outperform the MSCI All Country World Index SMID Cap Net Total Return Index over rolling five-year periods. It current intends to invest in global car roof rack leader Thule, banking systems ...