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

Search Results

Showing 5121 - 5130 of 22790 results for "Funds"

YFYS incentive to reduce fees: Hume

ANNABELLE DICKSON  |  THURSDAY, 13 MAY 2021
... The inclusion of superannuation administration fees in the Your Future, Your Super performance benchmark will not punish funds that reduced fees in recent years, according to minister for superannuation Jane Hume. Speaking at the Financial Services Council ...

Chief economist update: Inflation scare

BENJAMIN ONG  |  THURSDAY, 13 MAY 2021
... before we see substantial further progress," he said. And if the Fed is right, the most recent dot plot shows that the fed funds rate would remain at 0 - 0.25% until at least the year 2023. This is based on the assumptions that the PCE price index - ...

Digital fact-find gains momentum

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
... Patty said. The startup has raised funding from a number of industry participants, advisers and early users. It will raise funds in another round in about 12 months' time. Advice Revolution's advisory board consists of Innovating Advice founder ...

Rest hires from Cbus, BT

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 MAY 2021
... Bluzmanis will report to Singh and manage Rest's global equities asset class, which is the fund's largest asset class by funds under management. Rest chief investment officer Andrew Lill said the appointments are in-line with the fund focusing its investment ...

Super funds slam budget's super gap measures

KANIKA SOOD  |  WEDNESDAY, 12 MAY 2021
Superannuation funds welcomed the budget's move to dump the $450 threshold, but called out a lack of measures to close the super gap. Last night's budget included five key decisions on superannuation. These were abolishing the $450 per month ...

Somers acquires 15% stake in Aura Group

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 MAY 2021
... company which invests in banking, asset financing and wealth management sectors. ICM manages approximately $2.6 billion in funds directly and is responsible indirectly for over US $20 billion of assets in subsidiary investments. "The deal is a milestone ...

More flexibility for retirees

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... increase flexibility for older Australians seeking to boost their superannuation savings," Association of Superannuation Funds deputy chief executive Glen McCrea said. In addition, the government has extended access to downsizer contributions by lowering ...

No big losers in FY22 budget

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
... move that is sure to be welcomed by the Australian Institute of Superannuation Trustees, the Association of Superannuation Funds of Australia and Women in Super, who have all pushed for the threshold's removal as a means of reducing the gender super ...

Retirees freed from legacy products

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... pension and annuity products from any provider which were commenced prior to 20 September 2007, including self-managed super funds. Throughout this amnesty, individuals will be able to exit their existing product and transfer capital and reserves into ...

Infrastructure investment builds to $170bn

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
... investment among institutional investors notwithstanding concerns raised by government superannuation commentators on super funds that hold excessive unlisted assets. According to APRA, super funds in Australia hold $115 billion in assets; 45% of which ...