Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 77 results for "Cash Investment"

Franking credits more important than ever

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
Many retirees are missing out on additional income because their Australian equity portfolios do not take advantage of the taxation system, according to Plato Investment Management. Plato portfolio manager Peter Gardner said, with interest rates at ...

Perpetual axes geared investment options

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... Australian Share will go to Australian Share and those in the Capital Guarantee option will be switched to Perpetual's cash investment option. In 2019, Rainmaker research showed geared super options enjoyed a bumper year of returns in excess of 50%. ...

Super contributions rise despite ERS

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
Contributions to superannuation in the June quarter were mildly greater than the amount removed due to the government's early release scheme, according to the latest figures published by APRA. Contributions in the June 2020 quarter were $33.6 billion ...

Cashwerkz to launch funds incubator

ALLY SELBY  |  TUESDAY, 25 AUG 2020
Cashwerkz has announced it will launch a funds incubator to help establish new entrants into the market. The assistance provided by Cashwerkz via its incubator Fund Income will include appropriate licencing using the responsible entity infrastructure ...

Macquarie introduces new wrap cash fee

ELIZABETH MCARTHUR  |  TUESDAY, 25 AUG 2020
... increase from the 0.29% that will be charged in September to 0.73% in December. However, Macquarie will cut the cash investment fee of 0.44% when it introduces that increase. Macquarie used to manage the money held in cash accounts through a managed ...

Platforms maintain cash rate on RBA cut

ALLY SELBY  |  FRIDAY, 20 MAR 2020
... automatic investment plans and regular withdrawals," the spokesperson said. "It is not intended to be used as a cash investment option." Heine reiterated that cash accounts on platforms are not intended to be used as an investment. "Given the recent ...

Cashwerkz, Complii partner to automate compliance

ALLY SELBY  |  TUESDAY, 3 DEC 2019
... accuracy levels by providing AFSL holders with the technology to "identify, automate, record and report on the cash investment transaction." Complii managing director Alison Sarich says the partnership demonstrates how the fintech industry continues ...

BT faces fees for no service class action

ELIZABETH MCARTHUR  |  FRIDAY, 6 SEP 2019
... action filed against BT Funds Management and Westpac Life Insurance Services in relation to BT's Super for Life cash investment option. Slater & Gordon filed the action on behalf of Tracey Ghee. Westpac said in a statement: "The damages sought by ...

Praemium FUA skyrockets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
Praemium saw funds under administration hit $16.1 billion over the last financial year, thanks largely to its off-platform managed accounts service. The ASX-listed platform's FUA shot up 108% in FY19 as a result of launching the Virtual Managed ...

HUB24 defends cash accounts

KARREN VERGARA  |  THURSDAY, 4 JUL 2019
... cash account". Citing a Macquarie analysis, the article highlighted how a Hub Super client would earn -0.06% on a cash investment after the rate cut. HUB24 would negotiate a 1.75% interest rate and earn 1.25% of this as revenue, while account holders ...