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Showing 2861 - 2870 of 9316 results for "Red"

State Street cuts fees on flagship equities funds

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
State Street is dropping the fees on its flagship actively-managed equities funds by 9 to 13 bps for Australian investors effective July 1. The State Street Australian Equity Fundwill go from charging 79bps per year in management costs to 70bps. It ...

First State to dump $40m of thermal coal holdings

ALLY SELBY  |  THURSDAY, 9 JUL 2020
The $120 billion industry super fund has announced it will divest $40 million of its equity portfolio, including its indexed exposures, from thermal coal miners from October and will reduce greenhouse gas emissions in its listed equities exposures by ...

ATO can make cost of advice cheaper: Asher

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
In a new paper from Actuaries Institute, Anthony Asher argues financial advice can be made cheaper if the Australian Taxation Office (ATO) provides some of the data necessary for good advice. Asher added that retirement incomes could rise by 15% to ...

Chief economist update: UK plans for jobs

BENJAMIN ONG  |  THURSDAY, 9 JUL 2020
The United Kingdom has followed the script dictated by the coronavirus pandemic in much of the world. On March 23, the government imposed strict lockdown measures, giving "bobbies" power to fine people leaving their homes for "non-essential" reasons. ...

Financial institution charged over Epstein scandal

ELIZA BAVIN  |  THURSDAY, 9 JUL 2020
... Bank accounts in New York. "Deutsche Bank's relationship with FBME similarly represented a failure by the bank to act on red flags concerning a correspondent banking relationship with a foreign bank," it said. "From the beginning of its relationship ...

Generation gap opens up in financial advice

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JUL 2020
There is a gaping void between what consumers once wanted from financial advice and what they want now and it's being accelerated by COVID-19, according to research from KPMG. KPMG surveyed more than 1500 consumers in May to ask them about their experiences ...

BT un-aligns group insurance, awards mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JUL 2020
Westpac's BT super has awarded a group insurance mandate, switching members away from Westpac Life Insurance Services. AIA Australia has been appointed as the new group insurer, with the change coming into effect from 1 July 2020. The change will impact ...

Hostplus bumps cash allocation up

ELIZABETH MCARTHUR  |  TUESDAY, 7 JUL 2020
Industry fund Hostplus has revised its asset allocation, bumping the allocation to cash in its balanced option up from 0% to 5%. The change to the cash allocation was effective from 19 June 2020, when the fund also reduced its allocation to alternatives ...

Balanced options in the red, but only just

ALLY SELBY  |  TUESDAY, 7 JUL 2020
The balanced options of the majority of the country's super funds are only just in the red after suffering through an unprecedented period of market volatility. Rainmaker Information executive director of research Alex Dunnin argues they have made ...

Experts battle for GST reform

ALLY SELBY  |  TUESDAY, 7 JUL 2020
A Monash University lecturer has pushed the case for a GST holiday, which he argues is the most effective way to generate "maximum economic bang for the government's buck". In an opinion piece for The Conversation, economics lecturer Isaac Gross argued ...