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Showing 3551 - 3560 of 14212 results for "Interest"

Australia world class in retirement wellbeing

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
... Canada, Denmark and Germany. This year, the GRI shows the impact of the pandemic on current and future retirees with interest rates falling across the world and the majority of COVID-19 related deaths in Australia over the age of 70. Natixis Investment ...

Perpetual successor fund transfer to go ahead

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
After months of delay due to COVID-19, Perpetual MySuper accounts will be transferred to CareSuper on or around 30 October 2020. "We wrote to Perpetual MySuper members in March 2020 to advise of the transfer to CareSuper scheduled for 1 May 2020. Due ...

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
... Life will occur in the second half of 2021 upon payment of the $100 million. The deal excludes the bank's 37.5% equity interest in BoCommLife Insurance Company. It was only last month that a class action lawsuit was filed against CBA by Shine Lawyers ...

Pension funds sue Allianz Global Investors

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
Several pension funds are suing hedge funds managed by Allianz Global Investors for allegedly engaging in risk-taking behaviour and losing billions of dollars in retirement savings. The Arkansas Teacher Retirement System (ATRS) was the first pension ...

Active manager performance slumps: SPIVA

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
... and asset-weighted bases. The majority (73%) of bond fund managers however, did not beat the S&P/ASX Australian Fixed Interest 0+ Index. A-REITs lost about 22% in the six months to June, while the S&P/ASX 200 A-REIT suffered a loss of 21.29%. Nearly ...

Mawhinney lashes out at regulator

ELIZABETH MCARTHUR  |  TUESDAY, 29 SEP 2020
Mayfair 101 founder James Mawhinney has accused ASIC of a witch hunt, saying a provisional liquidators' report proves M101 Nominees had no "smoking gun" - but the report actually refers to the company's business model as unsustainable. A provisional ...

Low rates put retirees at risk: Vanguard

ELIZA BAVIN  |  TUESDAY, 29 SEP 2020
... real challenge to the most impacted group in the current climate; something that is likely not in their long-term best interest. The research also debunked the popular rationale that investing in higher dividend-paying equities would generate greater ...

Fintech appoints country head

ELIZABETH MCARTHUR  |  TUESDAY, 29 SEP 2020
... already recognise the value of more personal financial intelligence" Poskitt said. "Right now, we're focused on developing interest and demand for Envestnet Yodlee on use cases related to open banking, financial wellness, account verification and data ...

No evidence lower SG will result in higher wages: ACTU summit

ELIZA BAVIN  |  MONDAY, 28 SEP 2020
... only missed out on wage growth but have also lost out on a significant chunk of money that could have been compounding interest towards a dignified retirement. "The argument that super comes out of wages or that it leads to wage growth is particularly ...

Financial advice firms facing failure: Dynamic Asset Consulting

ELIZA BAVIN  |  MONDAY, 28 SEP 2020
... manager Jerome Lander said most Australian financial advisers are still operating client portfolios based on a view that interest rates will continue to fall. "The new reality is that rates are bottoming out and can't fall much further in a historical ...