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Showing 521 - 530 of 1755 results for "Minimum"

Super leaves gig economy behind

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 DEC 2020
... which also found that even when they do make contributions, they are minimal when compared to the super guarantee that minimum wage workers enjoy. The average personal contribution by a gig economy worker was found to be between $500-$900 per annum ...

Superhero to launch super fund

KARREN VERGARA  |  MONDAY, 14 DEC 2020
... APRA-regulated fund in early 2021. While the super fund is open to everyone, it is eyeing members with an average age of 30 with a minimum of $10,000. Diversa will act as the super fund's trustee and OneVue as its administrator. Superhero co-founder ...

AMP launches retirement product

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
... of 0.63% p.a. and guarantee fees of 1.45% p.a. deducted from the balance. Lock ins charge an additional 0.40% per year. Minimum initial investment amount for both options is $20,000. AMP Australia director of wrap products Shaune Egan said the product ...

New fund to invest in AI companies

KANIKA SOOD  |  TUESDAY, 1 DEC 2020
... and 20% above a 7% hurdle in performance fees. The firm is pitching it to sophisticated and family office market, with minimum investment size set at $100,000 with $50,000 for subsequent top ups. "With innovative technologies, including AI, forecast ...

QSuper bets on new retirement product

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... government is aiming to create a framework for Comprehensive Income Products for Retirement (CIPRs). Such products will meet minimum standards and provide higher income than an account-based pension drawn down at minimum rates. The review found the use ...

Trading platform partners with Sharesight

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... tax reports. The platform targets active share traders with two offerings: FocusLite, for lower-volume traders that pay minimum brokerage fees of $10 per trade or 0.04% and Focus, which is for active traders that pay a $45 monthly subscription, and a ...

APRA takes action against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 1 DEC 2020
The prudential regulator has launched action against Westpac over material breaches of liquidity standards. The breaches, which were identified during 2019 and 2020, relate to the incorrect treatment of specific funding and loan products for the purposes ...

CFM fund to wind up

KANIKA SOOD  |  WEDNESDAY, 25 NOV 2020
... of the strategy's total assets), universal value and carry (17% each) among others. In March, the fund dropped its minimum investment size from $50,000 to $20,000. The strategy will still be available to Australian investors via the overseas vehicle. ...

End of the road for advice qualifications

JAMIE WILLIAMSON  |  TUESDAY, 24 NOV 2020
... the courses can continue their studies, the courses are no longer available for new enrolments as they do not meet the minimum requirements for entry into financial advice as set by the Financial Adviser Standards and Ethics Authority. However, AQSA ...

Confusion over retirement income objectives

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... wealth per se or facilitating estate planning". It is about providing a safety net so that older Australians achieve a minimum standard of living in retirement and avoid living in poverty. The concept of "equity" in the system must be clearly defined ...