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Showing 3261 - 3270 of 14212 results for "Interest"

Chief economist update: Fed fights back bond bears

BENJAMIN ONG  |  MONDAY, 1 MAR 2021
... rising inflation expectations that, in turn, have sent equity markets into a tailspin. It's a logical reaction. Higher interest rates lead to higher borrowing costs - for governments, companies, investors and consumers - lower stock market valuations ...

Aware Super rejigs MySuper option

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
... when they are younger. "It's not about the expected uptake in return...We have to demonstrate it is in members best interest and our modelling supports that fact that for a 45-year-old, they are likely to have $16,000 better off [after fees] when ...

ASIC takes NAB to court

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
... September 2015. Commonwealth Bank last month plead guilty to a slightly different matter - it charged customers higher interest on overdraft fees than was disclosed to them. This went on for four years and netted CBA $2.2 million in extra interest payments ...

Link flags PEXA listing

KARREN VERGARA  |  THURSDAY, 25 FEB 2021
Link Group is now exploring the possibility of listing PEXA despite recently flagging there was strong interest from other parties in buying the property settlement platform. Link, together with Morgan Stanley Infrastructure Partners and Commonwealth ...

Macquarie Wrap SMAs surpass $5bn

ELIZA BAVIN  |  THURSDAY, 25 FEB 2021
... funds under administration. Macquarie said the milestone demonstrates the strength of its platform and the continued interest shown by advisers and their clients in SMAs as a flexible investment option. Macquarie Wealth head of wealth product and technology ...

Public sector super satisfaction rises

ANNABELLE DICKSON  |  WEDNESDAY, 24 FEB 2021
... increased to a record high of 67.6%. Roy Morgan chief executive Michele Levine said 2020 was the year that sparked member interest in their superannuation. "It's not surprising to see public sector fund members the most satisfied - some members have ...

Equipsuper merges with corporate fund

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
Equipsuper has merged with a corporate superannuation plan that will add $860 million of assets to the fold. The $16 billion superannuation fund will manage the retirement savings of Toyota Super's 5000 members. Toyota Super chair Rob Purcell said ...

Australian Ethical continues growth trajectory

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 FEB 2021
The booming interest in socially and environmentally conscious investments has seen Australian Ethical post stellar half year results, despite the pandemic. Australian Ethical reported underlying profit after tax for the second half of 2020 of $4.9 ...

Actuaries Institute names new president

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
The Actuaries Institute has named a partner at KPMG as its new president. Jefferson Gibbs takes over from Hoa Bui, who was appointed to the post in January 2020. Gibbs is a partner at KPMG specialising in general insurance. He joined the firm in October ...

Wells Fargo sells asset management business

ELIZA BAVIN  |  WEDNESDAY, 24 FEB 2021
... half of 2021, subject to customary closing conditions. As part of the transaction, Wells Fargo will own a 9.9% equity interest and will continue to serve as the client and distribution partner. WFAM has US$603 billion in assets under management, 24 offices ...