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Showing 4581 - 4590 of 14213 results for "Interest"

Putting Members' Interests First Bill reintroduced

KARREN VERGARA  |  FRIDAY, 5 JUL 2019
Legislation that prevents trustees from providing opt-out insurance to new members under 25 and low balance account holders was reintroduced in Parliament overnight. The Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, which was ...

Industry fund awards $500m mandate

KANIKA SOOD  |  THURSDAY, 4 JUL 2019
... has appointed IFM Investors to manage cash and term deposits, as a precursor to an ongoing relationship for its fixed interest assets. Australian Catholic Superannuation & Retirement Fund told Financial Standard it has chosen IFM Investors to look after ...

HUB24 defends cash accounts

KARREN VERGARA  |  THURSDAY, 4 JUL 2019
HUB24 has slammed a media report that claims its cash account holders will be worse off following the recent interest rate cuts. HUB24 called for a trading halt in light of an article written in the Australian Financial Review published on July 3, claiming ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  THURSDAY, 4 JUL 2019
... America's trading partners is consistent with his view (and criticism) that the US Federal Reserve should have been cutting interest rates instead of raising them when it did. Certainly, it would put downward pressure on the US dollar and, coupled ...

BlackRock cuts fees on Aussie shares ETF

KANIKA SOOD  |  WEDNESDAY, 3 JUL 2019
BlackRock has slashed the fees on its S&P/ASX 200 exchange-traded fund following a pricing review, as competition heats up in the sector. The iShares Core S&P/ASX 200 ETF, which trades on the exchange with ticker IOZ, pushed down the fees to 0.09% p.a. ...

State Street cops $125m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUL 2019
... transactions. According to the SEC, State Street has been reimbursing and continues to reimburse these overcharges, with interest. State Street self-reported the conduct to the regulator and cooperated with the SEC throughout the investigation. "For ...

Responsible investments outperform mainstream

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUL 2019
The latest Benchmark Report by the Responsible Investment Association of Australasia (RIAA) shows responsible investment funds outperform most mainstream funds. Using KPMG data, the report shows responsible funds on average deliver higher returns across ...

APRA warns trustees on PYSP deadline breach

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
APRA has warned trustees that failed to comply with the July 1 Protecting Your Superannuation Package deadline to inform the prudential regulator straight away. A trustee that breaches the PYSP legislation at the product level application or the fixed-term ...

Chief economist update: The back-to-back rate cuts Australia has to have

BENJAMIN ONG  |  WEDNESDAY, 3 JUL 2019
... in July" speculator, going against the 'Big Four' banks and financial market expectations that it would... cut interest rates by another 25 bps at its July 2019 board meeting. So soon after it cut the official cash rate a month before. In two ...

VanEck changes tack on ETF

KANIKA SOOD  |  TUESDAY, 2 JUL 2019
... years since inception. In May, VanEck decided to convert the ETF to a different strategy and index provider citing best interest duty. "VanEck, as responsible entity, has made the decision to change the investment strategy of FDIV. The decision was made ...