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Showing 4081 - 4090 of 14213 results for "Interest"

Queensland funds inch closer to merger

HARRISON WORLEY  |  WEDNESDAY, 4 MAR 2020
... if major benefits do emerge. From QSuper's point of view the merger will only proceed if it is clearly in the best interest of QSuper members," Luke said. Luke's Sunsuper counterpart Andrew Fraser said the fund would still keep a close eye to ...

Chief economist update: Welcome to the day after tomorrow

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
... would undertake. However, the Reserve Bank of Australia (RBA) and the US Federal Reserve's (Fed) decision to cut interest rates on the same day suggests that a coordinated response is underway. The RBA cut the official cash rate by 25 basis points ...

Industry fund winds up infrastructure option

JAMIE WILLIAMSON  |  TUESDAY, 3 MAR 2020
A $6.5 billion industry superannuation fund is closing its unlisted infrastructure investment option due to lack of scale. Following a review of its offering, Media Super recently notified members it is closing its unlisted infrastructure option on ...

Pinnacle boutique eyes wholesale market

KANIKA SOOD  |  TUESDAY, 3 MAR 2020
... play in a diversified portfolio in terms of diversifying away from traditional asset classes such as equities and fixed interest," Palisade managing director and chief executive Roger Lloyd said. "We are delighted to be able to provide access to Palisade's ...

Allianz Retire+ moves to increase retiree confidence

HARRISON WORLEY  |  TUESDAY, 3 MAR 2020
... of poor returns across a number of years. It then projects the variations, and takes into account correlations between interest rates, inflation, property prices and share prices. Advisers can model a large number of possible strategies, instead of just ...

JBWere partners with cash platform

KANIKA SOOD  |  TUESDAY, 3 MAR 2020
JBWere has signed an agreement with a cash platform to benefit its 500-strong adviser network. The wealth manager will use Cashwerkz's term deposit and at call solutions via the latter's online marketplace. Cashwerkz's platform has over ...

Aussie at center of international scheme

ELIZA BAVIN  |  TUESDAY, 3 MAR 2020
An Australian has been named by the US Federal Trade Commission (FTC) as being at the center of a massive international business coaching scheme that "swindled" veterans and the elderly out of millions. Matthew Lloyd McPhee ran a scheme known as My ...

HUB24 hires managed portfolios lead

HARRISON WORLEY  |  TUESDAY, 3 MAR 2020
... a structural and regulatory adjustment," Matterson said. "At the same time, regulatory requirements such as the best interest duty are resulting in a greater focus on the fees and benefits of investment solutions for clients. "We've designed the ...

Mid and small-caps outperform in 2019

ALLY SELBY  |  TUESDAY, 3 MAR 2020
... equity funds underperformed their benchmark. Bond funds also underperformed their benchmark (the S&P/ASX Australian Fixed Interest 0+ Index) in 2019; gaining 6.4% and 6.5% on an equal and asset weighted basis, in comparison with the benchmark's 7.2%. ...

Fight for MySuper advice fees kicks off

ELIZABETH MCARTHUR  |  TUESDAY, 3 MAR 2020
Financial advice industry groups are being joined by superannuation funds in a fight to retain the ability to charge advice fees to MySuper members as the government implements recommendations from the Royal Commission. Draft legislation currently open ...