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Showing 2481 - 2490 of 6605 results for "Future2"

$26 billion super joint venture eyes more funds

ELIZABETH MCARTHUR  |  MONDAY, 21 OCT 2019
A joint venture between two superannuation funds with a combined $26 billion and 150,000 members has today taken off, with the chief executive hinting more funds could become involved. Equipsuper and Catholic Super's joint venture is officially ...

Chief economist update: Rate cuts coming, but not on race day

BENJAMIN ONG  |  MONDAY, 21 OCT 2019
Unless a positive shock emerges over the next few months, expect the RBA to continue lowering interest rates and the Morrison government to increase fiscal spending (but only after it's achieved having the Budget surplus immortalised on paper). ...

Trillionaires around the corner: study

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
The world is only six years away from welcoming its first trillionaire, according to a new study that looked at the private wealth of the world's richest denizens. Amazon founder and chief executive Jeff Bezos is on the way to becoming the first ...

How much Future Fund spends in fees

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
Australia's sovereign wealth fund returned a stellar 11.5% in the year to June, but how much did it spend on fees? In its annual report published this week, the Future Fund reported it had a "direct ratio cost" of 0.203% and "look-through costs" ...

GSFM scoops up MLC's stake in Redpoint

ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
GSFM said it has completed the acquisition of MLC Asset Management's 49% stake in boutique quantitative equities specialist Redpoint Investment Management. The deal will see the two firms managing over $17 billion, with Redpoint continuing to control ...

KPMG foretells open super era

HARRISON WORLEY  |  WEDNESDAY, 16 OCT 2019
The global consulting giant believes developments in open banking could be the boon to solve superannuation's member engagement challenges. In a new report released today, KPMG revealed the future of member engagement in super will closely follow the ...

IMF predicts bleak Australian outlook

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2019
The International Monetary Fund has predicted Australia's economy will weaken a full percentage point in 2019 down to 1.7% growth from 2.7% last year. In its latest World Economic Outlook report, the IMF warned of a "synchronised global slowdown" to ...

SMSFs not for everybody: ASIC

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
ASIC is warning Australians to consider the appropriateness of self-managed super funds, noting controversial Productivity Commission findings which show the super vehicle is less suitable for low-balance members. The corporate regulator is urging Australians ...

Life industry steps toward trust

HARRISON WORLEY  |  FRIDAY, 11 OCT 2019
Two industry groups have partnered to create a new life insurance standards framework. The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and the Life Insurance Professional Standards Working Group (LIPSWG) have come together ...

AMP shamed by CHOICE

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
CHOICE has awarded AMP a Shonky for its "grossly underperforming" superannuation division, highlighting the AMP Retirement Trust and Super Savings Trust products. The consumer advocacy group said 55.5% of AMP's superannuation customer base comes from ...