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Showing 3971 - 3980 of 15784 results for "TER"

Challenger to change annuity pricing

KANIKA SOOD  |  TUESDAY, 20 APR 2021
Challenger posted record life sales but warned investors of lower FY21 profits, as tighter credit spreads force it to change annuity pricing. The life business, which includes annuities and other products such as Challenger Index Plus, saw $1.37 billion ...

Government debt blows out 420%

KARREN VERGARA  |  TUESDAY, 20 APR 2021
The federal government's debt levels soared 420% over the last 25 years, shifting Australia up two notches on the rankings of an index to 13 th place. According to the inaugural Janus Henderson's Sovereign Debt Index, the federal government ...

Chief economist update: Copper 10,000

BENJAMIN ONG  |  TUESDAY, 20 APR 2021
Copper prices continue to rally and indications are it won't be long now until it recaptures the US$10,000 a tonne record it reached 10 years earlier. At the current price of US$9,415.00, copper's only 5.9% away and won't be long till it ...

Mainstream moves forward with SS&C

ANNABELLE DICKSON  |  MONDAY, 19 APR 2021
Mainstream is pursuing a scheme of arrangement with SS&C Technologies Holdings after Vistra missed its deadline to match or provide a superior offer. The Mainstream board unanimously recommends the SS&C proposal on the basis that it is a superior offer ...

Mawhinney banned for 20 years

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
The Federal Court has ruled that Mayfair 101 founder James Mawhinney cannot fundraise for or advertise financial products for 20 years. The judgement, delivered this morning, ordered that Mawhinney and any of his employees or any companies he is a part ...

FSC proposes new advice model

KARREN VERGARA  |  MONDAY, 19 APR 2021
Eradicating the Statement of Advice and the safe harbour steps are two recommendations that will help reduce red tape and make financial advice more affordable, according to the Financial Services Council. The financial services' peak body has laid ...

Granny flat tax exemption to become law

ANNABELLE DICKSON  |  MONDAY, 19 APR 2021
The government has commenced consultation on exposure draft legislation that will reduce the tax burden on granny flats in a move to prevent elder financial abuse. The legislation follows the budget announcement that the government would provide a targeted ...

Two Aussie CIOs on top 100 list

KANIKA SOOD  |  FRIDAY, 16 APR 2021
Two Australian chief investment officers made the annual Power 100 list published by Chief Investment Officer. Con Michalakis, who has been Statewide Super's chief investment officer since 2008, was on the list alongside $171 billion Future Fund's ...

Delay breach reporting law: AFA

KARREN VERGARA  |  FRIDAY, 16 APR 2021
The Association of Financial Advisers wants to defer the proposed self-reporting of breaches regime amid concerns it will be impossible for small financial advice firms to comply with. The AFA outlined its concerns about Commissioner Kenneth Hayne's ...

Bernie Madoff dies in prison

ELIZABETH MCARTHUR  |  THURSDAY, 15 APR 2021
The architect of the largest Ponzi scheme in US history has died in prison aged 82. Bernie Madoff had been serving his sentence at FMC Butner, an administrative security federal medical centre for male offenders located in North Carolina, at the time ...