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Showing 2271 - 2280 of 10303 results for "STI"

Corporate fund overhauls admin fees, premiums

ELIZABETH MCARTHUR  |  MONDAY, 28 SEP 2020
A $1.5 billion corporate superannuation fund has reduced death, total and permanent disability (TPD) premiums and administration fees - but income protection premiums will rise. Mercy Super reduced admin fees for super accounts from $1.10 a week plus ...

Chief economist update: Rents under covid

BENJAMIN ONG  |  MONDAY, 28 SEP 2020
Australian landlords aren't all rejoicing. Yes Virginia, we're all aware this is happening in this land "girt by sea" under pandemic but the Reserve Bank of Australia (RBA) has actually put facts and figures behind this in its September 2020 ...

BetaShares' Nasdaq ETF surpasses $1bn

ALLY SELBY  |  FRIDAY, 25 SEP 2020
BetaShares' Nasdaq 100 ETF exceeded $1 billion in assets under management at the end of August, a net increase of more than $500 million since the outset of the year. As of the end of August, the ETF had $1.17 billion in AUM. Around $300 million of ...

AMP Capital Ethical Leaders loses another mandate

ELIZABETH MCARTHUR  |  THURSDAY, 24 SEP 2020
A third superannuation fund in mere months has terminated its mandate with AMP Capital to manage to its ethical investment option. ESSSuper, the $30 billion government fund for the emergency services, terminated AMP Capital Ethical Leaders Balanced ...

ASIC wealth director nabs promotion

ALLY SELBY  |  THURSDAY, 24 SEP 2020
The corporate watchdog's executive director of wealth management has nabbed a promotion and will now assume the role of ASIC's executive director of financial services. Joanna Bird has been appointed in the role after many years with the regulator and ...

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
Westpac has agreed to pay a civil penalty of $1.3 billion in relation to its contraventions of the anti-money laundering and counter terrorism laws. As part of the agreement with AUSTRAC, Westpac has admitted to additional contraventions that were outlined ...

MLC Life restructures, appoints lead

JAMIE WILLIAMSON  |  WEDNESDAY, 23 SEP 2020
MLC Life Insurance is combining its group and retail life insurance divisions to better meet client needs, saying the current level of service is not acceptable. The group has also appointed a new executive team to lead the initiative. The life insurer ...

Retail fund satisfaction drops

ELIZA BAVIN  |  WEDNESDAY, 23 SEP 2020
Customer satisfaction will retail funds fell by 2.5% while satisfaction in industry funds rose 0.2%, according to new data from Roy Morgan's Superannuation Satisfaction Report. The report shows an overall super fund satisfaction with financial performance ...

Chief economist update: RBA negative on negative interest rate policy

BENJAMIN ONG  |  WEDNESDAY, 23 SEP 2020
Reserve Bank of Australia (RBA) deputy governor Guy Debelle address at the Australian Industry Group's (AiG) September 22 virtual conference sparked a second wave - a second wave of negative interest rate speculation, that is. It was last on the ...

Ethical super fund overhauls fees

ELIZABETH MCARTHUR  |  TUESDAY, 22 SEP 2020
An ethical superannuation fund which targets young, socially aware people has overhauled its investment and administration fees. Cruelty Free Super will change its fees from 1 October 2020, in a move that the fund says should lower the cost over all ...