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Showing 431 - 440 of 2153 results for "Extra"

Ares readies second credit fund

KANIKA SOOD  |  FRIDAY, 6 NOV 2020
... origination fees on directly-originated loans. An initial offer will open on November 16, with these seed investors getting an extra 1% of their initial investment into the fund as loyalty units providing they don't redeem for a year. "At its core ...

Aberdeen drops fees on fixed income fund

KANIKA SOOD  |  TUESDAY, 3 NOV 2020
Aberdeen Standard Investments has dropped the fees on its $180 million Australian fixed income fund. Effective November 1, the fund will go from charging 51 bps per year in management fees to 45 bps. "It is to ensure that we remain competitive. We recognise ...

New super benchmarking flawed: Rice Warner

ELIZA BAVIN  |  THURSDAY, 29 OCT 2020
The government's new Your Future, Your Super investment performance benchmarking is flawed and will have unintended consequences, according to Rice Warner. Rice Warner said the proposed package to implement some of the recommendations by the Productivity ...

ANZ sees profits plummet, plans to exit thermal coal

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
ANZ has felt the wrath of the pandemic, reporting a 42% loss on cash profit in its full year results as it tries to protect itself from future credit losses. It has also updated its climate policy, saying it will exit thermal coal by 2030. The bank's ...

IOOF compensation bill soars

KARREN VERGARA  |  MONDAY, 26 OCT 2020
... provision for the ex-ANZ advice licensees after it changed a methodology relating to adviser categorisation, and embedd the extra $198 million in one of its slide presentation. IOOF's provision for its own advisers stood at $216.9 million at the ...

Alex Waislitz fails to block OneVue acquisition

KANIKA SOOD  |  THURSDAY, 22 OCT 2020
OneVue shareholders approved Iress' offer yesterday. Alex Waislitz will still walk away with $22 million, while Connie McKeage's family investment vehicle will see a $15 million payday. Yesterday's poll was to approve Iress's revised ...

Chief economist update: Lowe taking interest rates lower

BENJAMIN ONG  |  FRIDAY, 16 OCT 2020
... quarter and 3.6% in the three months ended December 2019. To quote governor Lowe: "What are people going to do with this extra saving and improved debt situation... how willing people and businesses are to draw on their accumulated financial buffers ...

Through good and bad: Advisers add value

JAMIE WILLIAMSON  |  THURSDAY, 15 OCT 2020
... charging an advice fee of $3250 to a client with a $250,000 balance can potentially deliver $13,250 of value - that's $10,000 extra value to the client," Yates said. "Our report aims to help advisers move beyond a fee conversation and amplify their value ...

ISA calls for super tax reform

ELIZA BAVIN  |  THURSDAY, 15 OCT 2020
... LISTO to cover workers earning up to $45,000. It said the changes would benefit 705,000 women who would take home 60% of the extra payments. ISA said this would make women the biggest winner from the measure. Industry Super Australia and Women in Super ...

Chief economist update: Money buys happiness

BENJAMIN ONG  |  THURSDAY, 15 OCT 2020
Happy consumer makes the economy grow stronger. The result of the latest Westpac-Melbourne Institute consumer sentiment survey disproves the aged-old adage that "money doesn't buy happiness". Australian consumer sentiment surged by 11.9% to a reading ...