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Showing 4271 - 4280 of 14213 results for "Interest"

AMP cuts ongoing advice agreements

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
AMP announced it will introduce annual agreements for clients who currently receive ongoing financial advice. During 2020, ongoing advice agreements will be phased out for all AMP-aligned and employed advice networks. "We have been considering the best ...

Chief economist update: A penny saved, a penny not earned by the economy

BENJAMIN ONG  |  FRIDAY, 6 DEC 2019
... level of indebtedness - 191% of disposable income (as at the June 2019 quarter) -- it's highly likely that further interest rate reductions and/or tax cuts would be saved and used to service this debt. Worse, the more the RBA provides monetary accommodation ...

The secret to super outperformance

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
... Government Super, NZ Super Fund, TCorp and UniSuper all have two or more. The report also highlighted an increase in interest in ESG integration across the whole sector. In 2016, only 34% of super funds had at least one negative screen across the whole ...

Why joint effort is required in advice

ELIZABETH MCARTHUR  |  THURSDAY, 5 DEC 2019
... Assistant Minister for Superannuation, Financial Services and Technology, Senator Jane Hume. Jane has taken an active interest and engaged heavily with professional associations including the AFA and FPA." He said that the AFA intends to keep working ...

Super funds to crack 13% by year end, retail leading

KANIKA SOOD  |  THURSDAY, 5 DEC 2019
... returns for the 12-months to October. AMP again led the way in returns, with 23.9% returns from its property option. Fixed interest options' average returns were 6.6%, with UniSuper hitting 9.1% for the period. UniSuper was also the best performer ...

Chief economist update: Australian economy gently turning which way?

BENJAMIN ONG  |  THURSDAY, 5 DEC 2019
... period. This is weaker-than-market expectations for a 0.6% increase and comes despite incorporating two of the RBA's interest rate reduction this year (from 1.5% to 1.25% in June and 1% in July - it cut rates again to 0.75% in October) and the Morrison ...

CBA chief tasked with rebuilding banking

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... cheaper rates to new customers leaving their existing customers in the cold," Frydenberg said. The RBA has passed three interest rate cuts so far this year, with the current cash rate sitting at 0.75%. Most banks have refused to pass these interest rate ...

Super consumer body grateful for intervention

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... debates, the incumbent body has confirmed its hope to march on. Interested parties have until January 13 to express their interest in the establishment of an advocacy body for superannuation consumers, with the government yesterday inviting potential ...

FASEA under pressure on managed accounts

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 DEC 2019
... what standard 3, which says advisers must not advise, refer or act in any other manner where they have a conflict of interest or duty, means for managed accounts to consider the code as a whole - rather than just one standard. "I think you'd do it ...

Concerns over rise of the mega-fund

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2019
Mega-funds are on the rise and as further super fund mergers are expected to continue into 2020, the question of capacity needs to be addressed, according to SG Hiscock managing director Stephen Hiscock. "In terms of the mega-funds, we have seen a lot ...