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Showing 551 - 560 of 2469 results for "Budget"

The rate that stops the nation

ELIZA BAVIN  |  TUESDAY, 3 NOV 2020
... said. According to CLSA Premium's Peter Boehm, the RBA will likely proceed with its decision to cut now that the federal budget announcement is out of the way. "Interest rates were kept on hold last month largely due to the timing of the federal budget," ...

ASFA proposes MySuper test

KARREN VERGARA  |  WEDNESDAY, 28 OCT 2020
... Frydenberg unveiled the government's version of testing underperformance as part of the Your Future, Your Super reforms on budget night. Among the criteria, super funds that fail the annual APRA-administered test twice not be allowed to receive any new ...

Future Fund asked to table detailed fee spend

KANIKA SOOD  |  WEDNESDAY, 21 OCT 2020
At the budget estimates this morning, the Future Fund was asked to provide its fee spend by each asset class, instead of the total-portfolio figure it usually reports. The $163 billion sovereign wealth fund uses 'total portfolio approach' meaning ...

The case for an overhaul of advice: Rice Warner, FSC

ANNABELLE DICKSON  |  TUESDAY, 20 OCT 2020
The Financial Services Council (FSC) has launched a report by Rice Warner that makes a series of recommendations that would significantly change the status quo of financial advice and lead to policy debate. Rice Warner's Future of Advice report ...

Sunsuper cops rating downgrades

ANNABELLE DICKSON  |  TUESDAY, 20 OCT 2020
... and strong contributions," it said. "Still, it is an effective and sensible differentiator, with Sunsuper using its fee budget judiciously through large swathes of inexpensive indexed listed equities."

Chief economist update: Lowe taking interest rates lower

BENJAMIN ONG  |  FRIDAY, 16 OCT 2020
... decline by 35,000 in September and the unemployment rate to climb to 7.1% -- heading to the 7.25% forecasts in the 2020-21 Budget. Not good enough and not if the RBA could help it. Speaking at Citi's 12th Annual Australia and New Zealand Investment ...

Stapling equals accountability: Hume

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
... unintended multiple accounts and holding super funds accountable to underperformance. Referring to the proposals introduced on budget night, Hume made it clear that members can change super fund providers at any time using the comparison tool. Super ...

Stephen Jones admits to anti-life insurance bias

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
... businesses is going to be absolutely critical." Jones was also not overly positive about the government's recent federal budget and plans for getting through the COVID-19 recession. He said he is disappointed to see the government "dismantling things ...

Chief economist update: Money buys happiness

BENJAMIN ONG  |  THURSDAY, 15 OCT 2020
... the six months prior to the pandemic." "Such a development must be attributable to the response to the October Federal Budget; ongoing success across the nation in containing the COVID-19 outbreak; and the expectation that the Reserve Bank Board is likely ...

Proposed changes ahead for APRA's heatmaps

ANNABELLE DICKSON  |  TUESDAY, 13 OCT 2020
... Authority is considering making changes to its MySuper Heatmap to reflect the reforms proposed by the government in the federal budget. Speaking at the Australian Institute of Superannuation Trustees Online Chair Forum, APRA deputy chair Helen Rowell ...