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Showing 331 - 340 of 1218 results for "Switch"

Personal finance app retires Australian business

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... same year, the federal government introduced CDR, aiming to empower consumers to share and control their data to help them switch between providers. It formed a partnership with Rollit Super last year to provide API infrastructure. CDR went live this ...

ISA ramps up campaign against super reforms

ELIZA BAVIN  |  MONDAY, 14 DEC 2020
... savings and said it generated up to $10 billion a year in profit. "The government instead wants to install a regulatory kill switch, which would allow it to prohibit any super fund investment or expenditure they do not approve of, even if in the best ...

Hedge fund switched traders with algorithm

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
A hedge fund, previously linked to several superannuation funds, has been fined US$170 million for replacing its traders with an algorithm that drastically underperformed. An investigation by the US Securities Exchange Commission found UK-based BlueCrest ...

Super SA to close growth option

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
The $30.5 billion government superannuation fund for South Australia will close its growth option. From 25 January 2021, Super SA will also be closing the growth investment option. Investments in this option will automatically be switched into the high ...

Advice firm launches dealer group

JAMIE WILLIAMSON  |  MONDAY, 7 DEC 2020
A Sydney-based financial advice firm is entering the licensee space, launching a technology-driven dealer group offering. Insight Investment Partners has launched IIP Dealer Group, led by managing director Anthony Lyon and director Christopher Fellas. ...

Dollarmites faces more backlash

ANNABELLE DICKSON  |  TUESDAY, 1 DEC 2020
... the Victorian ban, consumer comparison site RateCity.com.au is urging parents with children enrolled in Dollarmites to switch to savings accounts with a higher interest rate. Ratecity.com.au research director Sally Tindall likened the program to McDonald's ...

Insurance in super is confusing: Consumers

JAMIE WILLIAMSON  |  FRIDAY, 20 NOV 2020
Consumers engaging directly with their super fund on insurance matters are often left confused and overwhelmed by the information provided and upset they cannot get guidance specific to their circumstances, an ASIC report shows. A third of unadvised ...

Give the people advisers: Retirement Income Review

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
The first comprehensive review of Australia's retirement system has acknowledged that affordable financial advice is what people need to navigate the retirement system. After the Royal Commission exposed deep flaws in Australia's financial advice ...

Chief economist update: Vaccine optimism sparks AUD resurgence

BENJAMIN ONG  |  WEDNESDAY, 18 NOV 2020
The Australian dollar is back! Back above the US$0.73 level that is. The Australian currency rose to around this level back in late-August/early-September after the US Federal Reserve announced a shift into a lower for longer strategy - suggesting that ...

Industry fund introduces tax incentive

KARREN VERGARA  |  TUESDAY, 17 NOV 2020
... retirement savings as soon as they reach their preservation age," he said. Separately, the nearly $3 billion super fund will switch to daily unit pricing from December 1. Investment switches will be processed daily, rather than weekly and will be free ...