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| | | Adviser Ratings is proposing a new rating system for Australia's 1800 financial advice licensees that could potentially predict instances of misconduct. The new system, outlined in a new white paper, will see licensees rated in two ways; the first using ... |
| | | | Satisfaction with self-managed superannuation funds dropped in the last 12 months, particularly for those with a balance of less than $250,000. Latest insights from Roy Morgan show that while satisfaction with the financial performance of SMSFs is down ... |
| | | | ... annuities - investors lend an amount sufficient to finance the investment, and borrowers repay a fixed amount (including interest and capital) for a certain period. IAB repayments can also link to inflation, but few of these have been issued in Australia. ... |
| | | | ... drought. Customers who fall into arrears and unable to make their loan repayments will not be charged a higher default interest rate if this does occur, he said. "This matter came up in a recent Royal Commission case, and we have decided that change ... |
| | | | ... inflation - the core PCE price index - remained steady at 1.9% in the June quarter. Although it's not expected to move on interest rates at its 31 July-1 August meeting, the latest growth figures give the US Federal Reserve the green light if it ... |
| | | | As My Health Record draws criticism and scrutiny, life insurers are cautious as to the merits of the initiative and its potential implications for the industry. The e-health policy has hogged much media attention in the last fortnight as Federal members ... |
| | | | Millennial super fund Zuper has officially launched to make a play at the $2.6 trillion superannuation industry. Aiming to "empower" millions of young disengaged Australians with their superannuation, Zuper was founded in early 2017 by chief product ... |
| | | | ... 305,000 MasterKey Personal Super (MKPS) members will be refunded $220 each, on average - or $67 million in total, including interest. Parent company NAB told the ASX it will stop charging its plan service fee for MKPS members from 30 September 2018. ... |
| | | | AMP is reducing fees on its flagship MySuper products and expediting $290 million in compensation to customers that received bad financial advice. Reflecting plans for the simplification of its superannuation product offering, AMP said it will implement ... |
| | | | ... And for that big question mark on the first rate hike in the current cycle: "The Governing Council expects the key ECB interest rates to remain at their present levels at least through the summer of 2019, and in any case for as long as necessary to ensure ... |
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