Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 85 results for "Cash Investment"

AMP, CBA respond to record class action bid

JAMIE WILLIAMSON  |  WEDNESDAY, 12 SEP 2018
... already fixing these issues and remediating customers," AMP said. It added that administration fees on some of cash investment options have already been reduced to address the issue of negative returns and affected customers are being compensated for ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... decision to be made ultimately by others in the AMP Group," Hodge said. One member received negative returns on their cash investment but continued to pay adviser services fees was not in accordance with the best interests obligations under s 961B of ...

Cash is cash, APRA tells super funds

KANIKA SOOD  |  MONDAY, 2 JUL 2018
... regulator will follow up with specific RSEs identified in the review. Going forward, it will also monitor RSE's cash investment options on an ongoing basis. "APRA expects that RSE licensees consider the content of this letter and, where necessary ...

Corporate bond demand strengthens: Report

KARREN VERGARA  |  THURSDAY, 3 MAY 2018
Momentum in the local corporate bond market is strengthening as investors start to shift from a deeply-rooted property and equities investment culture to defensive assets that preserve capital and generate a reliable income stream. This is according ...

Industry fund begins lifecycle pension strategy

HARRISON WORLEY  |  TUESDAY, 24 APR 2018
... opt-in to the new product. The strategy is designed to split a members' account across the REI Super balanced and cash investment options in set proportions based on age. The main premise behind the idea is that the strategy is needs-based, and specifically ...

VanEck launches floating rate ETF

ALEX BURKE  |  TUESDAY, 20 JUN 2017
VanEck is launching a new floating rate exchange-traded fund on the ASX. The VanEck Vectors Australian Floating Rate ETF, trading under the code FLOT, is based on a portfolio of Australian floating rate notes (FRNs), or short-term bonds with variable ...

BlackRock lists cash ETFs

DARREN SNYDER  |  TUESDAY, 6 JUN 2017
... gap for truly liquid and transparent cash instruments available to intermediaries in Australia that can provide cash investment beyond the platform rate and spread risk across multiple market participants. The iShares Cash ETFs leverage BlackRock's leading ...

CBA records $4.9bn half-year profit

DARREN SNYDER  |  WEDNESDAY, 15 FEB 2017
Commonwealth Bank's wealth management arm recorded a $249 million profit in the second half of 2016, up 6% on the first six months of the calendar year. The wealth division was a small contributor to CBA's overall net profit after tax of $4.9 billion ...

ING DIRECT pays up for "no fees" super marketing

MARK SMITH  |  WEDNESDAY, 7 SEP 2016
... concerned that ING Bank promoted Living Super, between March 2015 and September 2016, as having 'No Fees' for the 'Cash Investment Option', 'No Investment and Administration fees' for the 'Balanced Option' and having low-fee options without making it ...

CBA result boosted by wealth division

MARK SMITH  |  THURSDAY, 11 FEB 2016
Strong performance from the wealth management division contributed materially to the 4% rise in Commonwealth Bank's half-year cash profit, with CommInsure performing particularly well. Growth in insurance and funds management income of 17% and 6%, respectively ...