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Showing 551 - 560 of 4000 results for "Cut"

Super mergers only beginning: J.P. Morgan

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 MAR 2022
We've only seen the start of consolidation in superannuation, with mergers to accelerate, according to a new survey from J.P. Morgan. J.P. Morgan's inaugural Future of Superannuation Report interviewed 12 super fund leaders, who collectively manage ...

Industry funds buoyed by unlisted assets

KARREN VERGARA  |  FRIDAY, 11 MAR 2022
Industry superannuation funds tend to outperform SMSFs and retail funds thanks to their allocation to unlisted assets and by managing investments internally. An Industry Super Australia analysis found that a member who joined an industry fund in 1996 ...

Moomoo launches down under

CHLOE WALKER  |  MONDAY, 7 MAR 2022
As of tomorrow, Australian investors will be able to trade all shares and ETFs on Australian and US stock exchanges with the launch of global digital investment platform Moomoo. Access to Hong Kong, Singapore and China Connect exchanges are expected ...

Super fund cuts fees, appoints insurer

JAMIE WILLIAMSON  |  FRIDAY, 4 MAR 2022
One of the 13 super funds to fail last year's performance test is going to halve its percentage-based administration fee, a move expected to cement it as one of the cheapest MySuper products on offer. AMG Super will reduce the percentage-based component ...

Accenture pulls out of Russia

JAMIE WILLIAMSON  |  FRIDAY, 4 MAR 2022
Accenture is ceasing operations in Russia, saying it will offer support to the 2300 employees impacted. In a statement, the consulting giant said it is discontinuing its business in Russia following the invasion of Ukraine. "Accenture stands with the ...

Biggest ever super merger completes

ELIZABETH MCARTHUR  |  MONDAY, 28 FEB 2022
... employees. ART has committed to reducing fees from 1 July 2022, with ART Super Savings account members to see their admin fees cut from $1.50 to $1.20 per week, and ART QSuper account members see theirs cut from 0.16% to 0.15% per annum (subject to final ...

EM investors brace for geopolitical impact

KARREN VERGARA  |  FRIDAY, 25 FEB 2022
Russia's shocking attack on the Ukraine has far-reaching implications for emerging markets investors. Franklin Templeton's emerging markets team said it is "monitoring developments very closely, with the twin goals of being risk-aware and prioritising ...

Hamish Douglass takes leave of absence

CHLOE WALKER  |  MONDAY, 7 FEB 2022
... Magellan Financial Group has lost a key mandate from UK wealth manager St James' Place. Following the loss, Morningstar cut its fair value estimate for Magellan by 25% to $38 per share.

FPA calls for stronger experience pathway

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... providing an exemption at this point, given the 37% drop in authorised financial planners to date and post the exam compliance cut off, will fail to attract exited financial advisers back, nor will it remove the regulatory burden, duplication and inefficiencies ...

SPDR ETFs cut fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 FEB 2022
State Street Global Advisors (SSGA) has cut fees for four of its Australian SPDR ETFs. The fee cuts will be effective from Valentine's Day, 14 February 2022. The changes relate to two international ETFs and two domestic sector ETFs and include cost ...