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Showing 4421 - 4430 of 9317 results for "Red"

Government closes super loophole

EMMA RAPAPORT  |  MONDAY, 10 JUL 2017
A loophole which allowed some superannuants to reduce taxation obligations on their superannuation income stream by electing to treat income as a series of lump sum payments has been closed by the Federal Government. The closure, announced on 3 May ...

AustralianSuper posts annual investment results

EMMA RAPAPORT  |  FRIDAY, 7 JUL 2017
Australia's largest superannuation fund, with more than $120 billion under management, has returned double digit returns for balanced account members. After taxes and fees, the investment option returned 12.44% for the 2016-17 financial year. According ...

Cbus slashes insurance premiums

EMMA RAPAPORT  |  FRIDAY, 7 JUL 2017
Industry super fund Cbus has signed a new insurance deal with TAL that will see premiums decrease substantially. Premiums per unit of death and TPD cover for most members will go down by 25%, while for 15 to 44-year-old manual labour members; cover ...

Industry fund reduces insurance premiums

EMMA RAPAPORT  |  TUESDAY, 4 JUL 2017
An industry super fund will reduce its insurance premiums by 6% and has pledged to lock the reductions until 2020. From 1 July 2017, Hostplus members will receive at least a 6% reduction to Death and Total and Permanent Disablement (TPD) premiums. Hostplus ...

Competition would save Australians millions in super fees: Deloitte

EMMA RAPAPORT  |  TUESDAY, 4 JUL 2017
Permitting the entrance of further competition in the superannuation marketplace would reduce fees by $292 million per year across 14 million MySuper accounts. A report issued by Deloitte Access Economics (DAE) finds that the facilitation of choice ...

Powerwrap raises $19.4 million for growth

JAMIE WILLIAMSON  |  FRIDAY, 30 JUN 2017
A $19.4 million capital raise by shareholders and other interested parties will see Powerwrap commence the next stage of its growth strategy, with the potential for an IPO later this year. Despite talk of a sale earlier in the year, the $6 billion platform ...

Australian end of financial year sale

BENJAMIN ONG  |  FRIDAY, 30 JUN 2017
It appears Australian equities will end the final day of FY2016-17 with an EOFYS (end of financial year sale) gauging from the heavy selling on Wall Street and Europe overnight. The S&P 500 index closed 0.9% lower last night (the Nasdaq even more, down ...

Short-termism obsession misses premia: Study

KARREN VERGARA  |  THURSDAY, 29 JUN 2017
Investors are missing out on return premiums of up to 1.5% per annum simply because they are too focused on quarterly earnings and short-term gains. Moving out of a short-termism mentality requires a "major shift" in asset managers' mindset and skills ...

FoFA should also protect retail banking customers: FSU

KARREN VERGARA  |  THURSDAY, 29 JUN 2017
FoFA reforms protecting consumers against conflicting remuneration structures when purchasing wealth products should be broadened to retail banking consumers as well, according to the Finance Sector Union. Speaking at yesterday's Senate inquiry into ...

Self-awareness, adaptability key for asset owners

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2017
Self-awareness, adaptability and keeping a close eye on competitors are critical to the success of some of the world's top asset owners. Research conducted by Willis Towers Watson in conjunction with the Future Fund highlights the importance of having ...