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Showing 2331 - 2340 of 9316 results for "Red"

COVID support temporarily improves inequality

KANIKA SOOD  |  MONDAY, 17 MAY 2021
The equity gap between young and old Australians narrowed after a seven-year widening streak but the improved fortunes of the young may be short-lived, says the Actuaries Institute. Calling it "a year like no other", Actuaries Institute's Intergenerational ...

More super funds make climate commitments

ELIZABETH MCARTHUR  |  MONDAY, 17 MAY 2021
More financial institutions have signed up to Climate League 2030, which seeks to achieve Paris-aligned emissions reductions in Australia by 2030. TelstraSuper, ISPT, U Ethical and Teachers Mutual Bank today joined over a dozen institutional investors ...

Chief economist update: A half-glass full look at inflation

BENJAMIN ONG  |  MONDAY, 17 MAY 2021
Inflation was the "word" over the week that was. Concerns over US inflation eased somewhat at the start of last week after US Bureau of Labor Statistics (BLS) revealed disappointing labour market stats. The US economy added 266,000 jobs in April, well ...

James Murdoch launches SPAC

ELIZABETH MCARTHUR  |  FRIDAY, 14 MAY 2021
The son of Rupert Murdoch has filed papers to launch a US$300 million blank cheque company, which will focus on investing in Asia. James Murdoch, the younger son of Rupert Murdoch and former chief executive of 21 st Century Fox, is working with Uday ...

QSuper makes changes ahead of merger

ELIZABETH MCARTHUR  |  THURSDAY, 13 MAY 2021
Members of $100 billion government fund QSuper have been notified of a few changes ahead of its merger with Sunsuper. After QSuper and Sunsuper executed a Heads of Agreement, confirming their intention to merge and create a $200 billion super fund in ...

Media Super ups fees, premiums

ELIZABETH MCARTHUR  |  THURSDAY, 13 MAY 2021
Media Super is increasing its administration fees and insurance premiums, despite a pending merger with $60 billion industry fund Cbus. Media Super will increase its administration fee from $1.25 to $2 a week, effective from 1 July 2021. It will also ...

TIAA commits to net zero

ELIZABETH MCARTHUR  |  THURSDAY, 13 MAY 2021
The latest institutional investor to commit to a net zero carbon emissions target is a $1.7 trillion US pension fund. The Teachers Insurance and Annuity Association (TIAA) has committed to net-zero by 2050 in its $280 billion general account. The account ...

YFYS incentive to reduce fees: Hume

ANNABELLE DICKSON  |  THURSDAY, 13 MAY 2021
The inclusion of superannuation administration fees in the Your Future, Your Super performance benchmark will not punish funds that reduced fees in recent years, according to minister for superannuation Jane Hume. Speaking at the Financial Services ...

Chief economist update: Inflation scare

BENJAMIN ONG  |  THURSDAY, 13 MAY 2021
Wall Street's down! All four US benchmark equity indices dropped overnight - the Dow by 1.99; the S&P 500 by 2.1%; the Nasdaq composite by 2.7%; and the Russell 2000 by 3.3%. The yield on 10-year US bonds increased to 1.70% from 1.62% the day before. ...

Advice practices set to benefit from tax cuts

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
Small business owners, like financial planners, are set to benefit from the 30% tax rate reducing to 25% from 1 July 2021. Federal treasurer Josh Frydenberg also announced last night that temporary full expensing has been extended until 30 June 2023. ...