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Showing 3281 - 3290 of 14212 results for "Interest"

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... over 12,000 occasions. Justice Lee found that CBA breached financial services law 12,119 times when charging a rate of interest on business overdraft accounts substantially higher than what customers were advised. The Court also made a declaration that ...

Australia sweeps pension market rankings

KARREN VERGARA  |  TUESDAY, 16 FEB 2021
Australia is the most successful pension system among developed countries, according to Wills Towers Watson. The firm's Thinking Ahead Institute 2021 Global Pension Assets Study said Australia's thriving pension system boasts an 11.3% per annum ...

SMSFs primed for best financial interests duty

KARREN VERGARA  |  TUESDAY, 16 FEB 2021
Self-managed superannuation funds are ahead of the game in terms of meeting the looming best financial interest rules, according to its peak body. SMSF Association deputy chief and director of policy and education Peter Burgess told the association's ...

Westpac to combine Advance super with BT Super

KANIKA SOOD  |  MONDAY, 15 FEB 2021
Westpac's Advance Asset Management has notified its superannuation members of its intention to transfer the products into BT's new super product. Advance notified members of three funds recently: Advance Super Account, Advance Allocated Pension ...

CommSec launches trade knowledge tool

ELIZA BAVIN  |  MONDAY, 15 FEB 2021
... 200% increase in investors seeking executional information around how trading works as younger people show increased interest in wholesale trading. CommSec said first time traders contributed to around 10% of total trades since February 2020, compared ...

CareSuper hires from VFMC

ELIZA BAVIN  |  MONDAY, 15 FEB 2021
... said Lim has extensive experience in portfolio management and investment research and will oversee the fund's fixed interest, credit and absolute return investment activities. CareSuper chief investment officer Suzanne Branton welcomes Lim to the ...

Industry fund chief executive to depart

ELIZABETH MCARTHUR  |  MONDAY, 15 FEB 2021
The chief executive of a $90 billion industry superannuation fund will be stepping down after eight years in the role. UniSuper chief executive Kevin O'Sullivan will depart the fund later this year. "Kevin has led UniSuper with distinction over the ...

To merge or not to merge?

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
The question around whether being bigger is better was one of the key points of discussion at the Association of Superannuation Funds of Australia conference, with MTAA and Aware Super talking mergers. MTAA Super chief Leeanne Turner said that whilst ...

AMP Capital still being dressed up for sale

ELIZABETH MCARTHUR  |  THURSDAY, 11 FEB 2021
With the sale of AMP Capital still on the table, AMP chief executive Francesco De Ferrari has addressed the asset management business' cultural issues and hinted at who would take over its leadership. De Ferrari assumed direct leadership of AMP ...

ASX profits slide, names chair

ANNABELLE DICKSON  |  THURSDAY, 11 FEB 2021
... replaced its chair following the retirement of its incumbent. Net profit after tax dropped 3.4% to $241.8 million and net interest income down 39.5% over the six months to December both due to low interest rates. Revenue increased 3.4% to $470.5 million ...