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Showing 3191 - 3200 of 9316 results for "Red"

TAL loses super fund mandate

JAMIE WILLIAMSON  |  MONDAY, 2 MAR 2020
TAL has lost a group insurance mandate following a comprehensive review by the super fund's trustee. Members of Freedom of Choice, an offering under the AMG Super umbrella, have been notified that TAL will no longer provide their group insurance ...

NZ blacklists fossil fuels from super

ALLY SELBY  |  MONDAY, 2 MAR 2020
The New Zealand government has hardened its stance on climate change, barring fossil fuel producers from default accounts in its voluntary super system. Approximately 690,000 New Zealanders in default KiwiSaver accounts will no longer have exposure ...

Grattan calls for lower super fees

HARRISON WORLEY  |  MONDAY, 2 MAR 2020
Grattan Institute's submission to the Retirement Income Review has kicked off a war of words after it said a reduction in fees charged to super members would be more impactful than an uplift in the superannuation guarantee, and that ASFA's comfortable ...

Chief economist update: Coronavirus causes equity market correction

BENJAMIN ONG  |  MONDAY, 2 MAR 2020
"Coronavirus spreads to 33 countries in nine days" "The coronavirus crisis has deepened over the weekend, with the number of countries affected climbing past 60 and the death toll hitting 3000." So goes another grim headline from Associated Press which ...

Chief economist update: A sensationalised version of the flu?

BENJAMIN ONG  |  FRIDAY, 28 FEB 2020
... from reality." - Queen, Bohemian Rhapsody Yes Virginia, you'll be exclaiming "mama mia, mama mia" too when you see the red inks splattered by equity markets everywhere. And yes, it's because of COVID-19 has now reportedly spread to 52 countries ...

Evans Dixon slashes staff

ALLY SELBY  |  THURSDAY, 27 FEB 2020
Embattled wealth manager Evans Dixon has revealed it fired 20% of its staff, as it reports its underlying earnings were down 22% for the half-year to $20.8 million. The firm cut 14% of its staff in its wealth advice business, 5% of its E&P business ...

ISA takes swipe at Grattan

ELIZA BAVIN  |  THURSDAY, 27 FEB 2020
Industry Super Australia (ISA) claims an increase in the super guarantee to 12% will increase consumption at a whole adult life level, as it takes a swipe at alternate modelling. In its submission to the Retirement Income Review (RIR), ISA said its ...

Chief economist update: Wall Street sneezes

BENJAMIN ONG  |  THURSDAY, 27 FEB 2020
It may have started in China and is infecting its way around the planet but the coronavirus hadn't had much impact on equity markets until it hit investor sentiment on Wall Street. Five straight down days have taken returns on the S&P 500 index ...

Climate threat pushes Aussies to sustainability

ALLY SELBY  |  WEDNESDAY, 26 FEB 2020
Mutual fund assets in sustainable investments surged 23% in 2019, as Aussie investors wake up to the "critical threat" of climate change. Singapore based research and consulting firm Cerulli Associates found that the sector recorded $1.2 billion in ...

Ethical super fund cuts fees

HARRISON WORLEY  |  WEDNESDAY, 26 FEB 2020
An ethical superannuation fund is set to cut its administration fee by 12 basis points as it looks to pass on scale benefits. Australian Ethical will drop the percentage-based administration fee it charges to members from 0.41% to 0.29% p.a. in April. ...