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Showing 4031 - 4040 of 14213 results for "Interest"

Perpetual exits MySuper

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2020
... Perpetual Superannuation, as trustee of Perpetual MySuper, told members it was assessing whether an SFT was in the best interest of members. That announcement came on the back of poor performance, with Rainmaker analysis of APRA data showing contributions ...

Macquarie shares halve in COVID-19 sell-off

ALLY SELBY  |  FRIDAY, 20 MAR 2020
... hit here just as much as they have globally. "The bank stocks have been hit pretty hard as the market prices in a low interest rate regime here and across the globe," he said. "Effectively, because of how considerable the impact of the COVID-19 outbreak ...

FPA advocates for reduced pension minimums

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
The Financial Planning Association of Australia is keeping itself busy amid COVID-19 uncertainty, with chief executive Dante De Gori urging the government to consider moves to ease the pressure on retirees, just weeks after he had an audience with the ...

Platforms maintain cash rate on RBA cut

ALLY SELBY  |  FRIDAY, 20 MAR 2020
Netwealth and HUB24 have kept interest rates on cash accounts at 0%, following the Reserve Bank of Australia's rate cut of 25bps on Thursday. Both platforms confirmed the decision to maintain rates at 0%. "Nothing has changed since last week for ...

Call for pause on default insurance changes

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... disease. After successfully passing in 2019, the government's flagship insurance reforms - the Putting Member's Interest First and Protecting Your Super bills - are set to cancel default insurance inside superannuation for members under the age ...

RBA pulls QE trigger

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
The reserve bank has taken unprecedented action, cutting the interest rate to 0.25% outside of planned meetings, to a new historical low. The "comprehensive package" agreed by the Reserve Bank board also included targeting a yield on 3-year Australian ...

UBS says goodbye to ETFs

KANIKA SOOD  |  THURSDAY, 19 MAR 2020
... percentage of the net asset value of each fund. On this basis, UBS has determined for each fund that it is in the best interest of the members as a whole to terminate the fund," it said in ASX filings. UBS head of Australia and New Zealand Bryce Doherty ...

Low rates support some bond managers: Report

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
The fall in interest rates has supported bond managers with a longer duration stance, according to new Morningstar research revealing the performance of fixed income houses during coronavirus-induced volatility. The report said fixed income, particularly ...

FASEA exam to go online

HARRISON WORLEY  |  THURSDAY, 19 MAR 2020
... another later sitting. FASEA said it was taking the measure in light of "the evolving COVID-19 pandemic and in the best interest of all people involved in the exam". The agency said exam provider ACER would directly advise April FASEA candidates of their ...

Ellerston, Morphic look to oust Perpetual

KANIKA SOOD  |  WEDNESDAY, 18 MAR 2020
Ellerston Capital wants to take over as the responsible entity of a $75 million fund managed by Morphic Asset Management, saying it can offer investors a better deal on the fees. The Morphic Global Opportunities Fund invests in global equities and is ...