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Showing 191 - 200 of 641 results for "Income Stream"

Fee hike at government super fund

KANIKA SOOD  |  THURSDAY, 14 NOV 2019
... increase, however we're pleased to advise that they will remain below the industry funds average." At the same time, the income stream product will half admin fees from 30 bps per year to 15bps. The maximum fees payable by a member are reducing from ...

Industry fund offers bonus on income streams

KANIKA SOOD  |  THURSDAY, 31 OCT 2019
... lump sum to a source of future income. "We are introducing a bonus that will pay a member when they go into the income stream, which could be up to 2% of their balance if they have invested in the growth option," Atkin said in a speech delivered at the ...

Industry super fund adds director

HARRISON WORLEY  |  WEDNESDAY, 7 AUG 2019
... savings of $103 per year for members with an average balance invested in the fund's growth option. Members with an income stream will save $213 per year, and AvSuper chief executive Michelle Wade said the fund was pleased to be able to help member's ...

Industry super fund discounts investment fees

KARREN VERGARA  |  TUESDAY, 30 JUL 2019
... see a 0.04% fee decrease, resulting in a $103 saving per year for those with an average balance. Members with an income stream will save $213 per year. Investment fees for the balanced growth option will reduce from 0.69% to 0.66% per annum. The change ...

Australian fintech, Deliveroo partner

KRISTI CHENG  |  TUESDAY, 23 JUL 2019
The food delivery provider has partnered with an Australian fintech appto help their riders during tax time and accrue retirement savings. Deliveroo partnered with Solo & Smart, a mobile app designed for the self-employed in Australia, offering automatic ...

ATO clarifies SMSF death benefit income streams

KARREN VERGARA  |  MONDAY, 22 JUL 2019
... cashed as soon as practicable. This is by immediately cashing the benefit in the form of a new retirement phase income stream as soon as they become aware of the breach; cashing the benefit in the form of a lump sum; and rolling over the interest that ...

Corporate fund updates members on fee changes

KARREN VERGARA  |  FRIDAY, 19 JUL 2019
... changes affect Accumulate Plus, which has eight investment options, and Retirement Access products, which provides income stream payments. On a per annum basis, estimated investment fees for the following investment options have decreased: Australian ...

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 ...

OnePath awards $210m in mandates

KANIKA SOOD  |  WEDNESDAY, 26 JUN 2019
... The global firm managed about $7.5 billion in Aussie equities at December end. "They have a history of delivering income stream/dividends in accordance with stated investment objectives over the long term," OnePath said. The fund also picked Carlos Cocaro ...

Boutique appoints portfolio manager

KANIKA SOOD  |  WEDNESDAY, 8 MAY 2019
... record of generating alpha and we are delighted to have him join our team. Vertium aims to deliver a low risk equity income stream to retirees and Tomas has all the right attributes to help us achieve this objective," Teh said. The team now has four ...