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Showing 341 - 350 of 2111 results for "This Week"

Hundreds of billions ripped from super

HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
... billion in funds under management during the quarter, according to the ABS. However, super fund members received good news this week when Rainmaker revealed MySuper options posted their second consecutive month of positive figures in May, as markets ...

WAM responds to Keybridge claims

ALLY SELBY  |  FRIDAY, 5 JUN 2020
... use of KBC shareholder funds on litigation particularly when alternative solutions are available," WAM said. Earlier this week, Keybridge Capital's managing director Nick Bolton alleged WAM improperly transferred approximately 16 million shares from ...

Renewed scrutiny for ME Bank

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... Bank to the House of Representatives Standing Committee on Economics after correspondence with ASIC for a hearing later this week. During ME Bank chief executive James McPhee's appearance at the last committee hearing, Wilson asked about ME Bank's ...

Fees drop at Raiz

HARRISON WORLEY  |  FRIDAY, 22 MAY 2020
... affecting the performance of investor's portfolios. A new product disclosure statement became available to investors earlier this week, which outlines underlying issuer fees of 0.239% p.a. for members invested in the moderately aggressive portfolio. ...

FASEA blame game on in earnest

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... the opposition have been happy to blame one another for the Parliament's failure to pass the FASEA extension bill this week. Was the parliament's failure to pass the FASEA extension a cheap political stunt by the opposition, or the government's ...

Few funds immune to ERS

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
... seems the economic pain driving early release is being felt in all corners. The Australian Bureau of Statistics revealed this week that employment fell by 594,300 people between March and April this year. A further 600,000 were left underemployed after ...

Mudslinging over FASEA extension continues

HARRISON WORLEY  |  WEDNESDAY, 13 MAY 2020
... comments come after the AFA fired off a press release yesterday calling on Labor to "support the passing" of the bill this week. In the release, the AFA said the financial advice community had been told there was bipartisan support for the exam extension ...

CBA sells 55% of CFS

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAY 2020
... CFS for certain pre-completion conduct, it said. The transaction is expected to complete in the first half of 2021. This week APRA reported the CFS FirstChoice Superannuation Trust paid out more than $180 million to 22,529 members as part of the early ...

ISA, ME Bank issued please explain

ELIZABETH MCARTHUR  |  MONDAY, 11 MAY 2020
... economics committee Tim Wilson called ISA's calculations "dubious" and said he will be looking for an explanation later this week. "Australians trust superannuation funds with significant savings, they hold a fair expectation that funds will provide ...

Investors back corporate bonds as COVID-19 winner

ALLY SELBY  |  THURSDAY, 7 MAY 2020
... the pain," Fechner said. "At times like this you may not end up with what looks like the highest yielding portfolio this week or this month, but it's better than a portfolio that may start with a higher yield, but then start falling and disappear shortly ...