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Showing 3181 - 3190 of 14212 results for "Interest"

EISS Super, TWUSUPER explore merger

KANIKA SOOD  |  TUESDAY, 13 APR 2021
The two industry superannuation funds have signed a memorandum of understanding to weigh a potential merger. If the merger proceeds, the combined fund will have about 130,000 members and $12 billion in funds under management. In a joint statement, the ...

Include ESG in BFID: FSC

KANIKA SOOD  |  TUESDAY, 13 APR 2021
The Financial Services Council (FSC) wants superannuation funds' ESG investments to be included in the proposed Best Financial Interests Duty. The government's BFID wants super trustees to make decisions that are in best "financial" interests of their ...

O'Dwyer joins Barrenjoey

ANNABELLE DICKSON  |  TUESDAY, 13 APR 2021
... female representation. Barrenjoey is 40% owned by Barrenjoey and 9.99% owned by Barclays. Magellan has a 4.99% voting interest and a board position, while Barclays has a 4.99% voting interest.

ETP demand soars, unlisted unit trusts retract

KARREN VERGARA  |  TUESDAY, 13 APR 2021
... unlisted unit trusts will emerge. The research drew on 180 Australian equities; 254 international equities; 254 fixed interest and 842 unit trust products. Similarly, Morningstar's research found that the Australian ETP market is booming, recording ...

Catholic Super bank implements Temenos

KANIKA SOOD  |  MONDAY, 12 APR 2021
... Lafitani Sotiriou said the acquisition would give Challenger the opportunity to offer term deposits, but gain the net interest margin through existing investment methods, rather than through relying on home loans like the major banks do. He also added ...

NAB MySuper class action heads to Federal Court

JAMIE WILLIAMSON  |  MONDAY, 12 APR 2021
... consequential reduction in the amount he and members of the class action have received or can expect to receive from interest in the funds. "What s 55(3) of the SIS Act provides is that a person who suffers loss or damage as a result of conduct of another ...

Super funds need to get on board with crypto: Carnegie

ELIZABETH MCARTHUR  |  MONDAY, 12 APR 2021
... while safeguarding investors' principals. Speaking to Financial Standard, Carnegie said while the fund is drumming up interest there is still hesitance from super funds. Carnegie said he and his team have spoken with super funds and there has been ...

YFYS net must be cast wider: Cbus

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
... were in the bottom fund for that category, they would have 62% less in their balance," he said. "This law of compounding interest works very powerfully against you if you are in an underperforming fund." Arter noted that Cbus supports the objectives ...

S&P rejigs index as BlackRock ETF grows

KANIKA SOOD  |  THURSDAY, 8 APR 2021
... fund tracking the index on March 10, called the VanEck Vectors Global Clean Energy ETF (ASX: CLNE) as it saw investor interest from US President Joe Biden's infrastructure package. CLNE was only $25 million in total assets as of yesterday. Given the ...

Mercer calls for delay to super reforms

JAMIE WILLIAMSON  |  THURSDAY, 8 APR 2021
Appearing before the Senate Economics Legislation Committee this morning, Mercer implored the government to consider a delay to the implementation of the super fund stapling mechanism slated to come into effect from July 1. In opening, Mercer senior ...