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Showing 281 - 290 of 1205 results for "Switch"

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
ASIC has ordered Westpac to pay a $10.5 million fine after the High Court's decision that found two Westpac subsidiaries provided unlicensed personal financial advice. Westpac Securities and BT Funds Management were found to have breached their ...

SelfWealth reports 135% revenue increase

ELIZABETH MCARTHUR  |  FRIDAY, 20 AUG 2021
In its full year results, trading platform SelfWealth reported revenue increased 135% driven by a 105% increase in active traders on the platform. The company also reported operating cash flow of $1.1 million, up from negative cash flow of $147,000 ...

Advised clients 5.2% better off

KARREN VERGARA  |  WEDNESDAY, 18 AUG 2021
... example, an investor who started 2020 with a portfolio worth $250,000 and stayed the course to 31 May 2021 and did not switch to cash would be $40,000 better off. Further, advised clients benefited with a 5.2% boost to their portfolio, calculated based ...

Frontier hires former Perpetual head of infrastructure

KANIKA SOOD  |  TUESDAY, 17 AUG 2021
The asset consultant has hired a former Perpetual and UniSuper head of infrastructure as a principal consultant, investment governance in a six-month contract. Brett Lazarides was NAB Asset Management's head of alternative investments, Perpetual's ...

Government passes continuous disclosure changes

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
... community and give more certainty for planning AGMs." Last year on May 5, the government made it legal for companies to switch their meetings (including AGMs) from physical locations to videoconferencing, to cater for pandemic lockdowns. The move was ...

Top franked stock picks: Morningstar

ELIZABETH MCARTHUR  |  FRIDAY, 6 AUG 2021
Morningstar has released a list of 10 franked income stocks from its Australian and New Zealand coverage which pay very attractive dividends. "The Reserve Bank of Australia's indication that its target cash rate won't increase until at least ...

Rest closes basic cash option

KANIKA SOOD  |  WEDNESDAY, 4 AUG 2021
... members, Rest said it expected the option's returns to remain low or even negative after fees, costs and taxes. It will switch members in the option to the Rest cash option, which invests in bank deposits held at ANZ and NAB. It aims to outperform ...

Raiz rolls out SMSF functionality

ELIZABETH MCARTHUR  |  THURSDAY, 15 JUL 2021
Self-managed superannuation fund trustees are the latest target market for financial services platform Raiz. Raiz Invest is now open to SMSFs. It charges a fee of 0.275% per annum for balances over $15,000 ($20,000 for the Custom Portfolio offer) which ...

BT Super for Life ups insurance premiums

KANIKA SOOD  |  TUESDAY, 6 JUL 2021
BT Super for Life will increase the cost of its standard life insurance cover by 13.1% from August 1. The standard cover includes death and TPD. As an example, a 34-year-old male member of BT Super for Life previously paid $11.41 each month for one ...

Catholic Super to drop fees

JAMIE WILLIAMSON  |  MONDAY, 28 JUN 2021
... added. Daily unit pricing will also be made available to Catholic Super members for the first time and will be able to switch investment options day to day. So far, they have only been able to do so on a weekly basis. According to Catholic and Equip's ...