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Showing 2241 - 2250 of 10303 results for "STI"

Effects of ERS not so bad: Grattan

ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
Despite over $34 billion being removed from the super system, the Grattan Institute is sticking to its guns that the effects of the Early Release of Super scheme will not have too great of an impact on retirement outcomes. Speaking at the digital Morningstar ...

Several black holes in budget

KARREN VERGARA  |  WEDNESDAY, 7 OCT 2020
There were several missed opportunities in the federal government's 2021 budget, according to industry leaders in the superannuation and charitable-giving sectors. The superannuation sector is letting Treasurer Josh Frydenberg's proposals sink ...

Superhero sets eyes on managed accounts

ALLY SELBY  |  WEDNESDAY, 7 OCT 2020
Newly launched trading platform Superhero has revealed it has the functionality to offer managed accounts to investors, and would be looking into developing this and an APL further in the future. The platform, which launched at the beginning of September ...

AAA rating holds on by a thread

ELIZA BAVIN  |  WEDNESDAY, 7 OCT 2020
Australia's AAA rating will remain, but is hanging on by a thread following the government's budget announcement. Fitch ratings revised the country's rating from stable to negative on the fiscal impact of the COVID-19 shock. "The negative outlook reflects ...

Chief economist update: Splish splash, budget cash

BENJAMIN ONG  |  WEDNESDAY, 7 OCT 2020
"Money, money, money Always sunny..." -ABBA Money, in Aussie dollar terms, amounts to "$98 billion in response and recovery support, including $25 billion under the COVID-19 Response Package and $74 billion under the JobMaker Plan" the Federal Treasury ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
The financial services industry and business community in Australia has responded in a generally positive manner to the government's 2020-2021 budget, but the super sector is so far cautious in its response. Australian Institute of Superannuation Trustees ...

Opposition in opposition: Labor responds

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
Opposition leader Anthony Albanese has unsurprisingly spoken out against the Morrison government's federal budget, saying it has failed to create much needed jobs. Taking to Twitter, Albanese said: "Being a leader means taking responsibility - in the ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
Any MySuper products that fail a new APRA-administered annual test twice in a row will not be allowed to receive any new members until they improve their performance. The prudential regulator will conduct benchmarking tests on the net investment performance ...

ESG ETF demand rises: Research

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
Wealth managers are increasingly using ETFs to incorporate ethical and responsible investing, flagging that this strategy will eventually substitute the actively-managed part of their portfolios. More than half (55%) of the global 191 institutional ...

ERS extension flagged, criticised

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
Industry Super Australia (ISA) has called for the end of the government's Early Release of Super scheme after Senator Jane Hume signaled the possibility of a third tranche. The assistant minister for superannuation flagged the possibility last night ...