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Showing 5701 - 5710 of 15789 results for "TER"

Super fund invests through RateSetter

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUL 2019
A superannuation fund has invested in renewable energy loans via peer-to-peer lender marketplace RateSetter. Future Super is investing $200,000 through the RateSetter platform to specifically fund renewable energy loans. RateSetter is a peer-to-peer ...

JP Morgan-linked ship in US $1bn drug bust

KANIKA SOOD  |  MONDAY, 15 JUL 2019
A large container ship being linked to J.P. Morgan Asset Management has been the subject of a US $1 billion cocaine bust in the United States. The ship, MSC Gayane, is owned by a fund run by JP Morgan's asset management unit, according to CNN Business. ...

Super fund launches new options

KARREN VERGARA  |  MONDAY, 15 JUL 2019
A $1.5 billion superannuation fund has introduced new ethical options for its 27,000 members. Christian Super, which is a founding signatory to the United Nations Principles for Responsible Investment, has launched two new options: Ethical Growth Plus ...

Government reduces deeming rates

KARREN VERGARA  |  MONDAY, 15 JUL 2019
The Federal Government has announced changes to deeming rates, a move welcomed by over 600,000 age pensioners. The Department of Human Services (DHS) will backdate deeming rates from 1 July 2019. The lower deemed rate will drop from 1.75% to 1%, while ...

Super fund to reduce admin costs

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
A $12 billion super fund has moved to significantly reduce the cost of its administration in future years. LGIA super has selected global business process specialist Tech Mahindra to take over and operate its back-office administrative platform. The ...

Average Australian is a millionaire: ABS

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
According to the Australian Bureau of Statistics, the average household wealth in Australia passed the $1 million mark in 2017-2018. The ABS said wealth in Australia has risen 37% in the last decade. ABS chief economist Bruce Hockman explained that ...

AMP Life sale blocked

JAMIE WILLIAMSON  |  MONDAY, 15 JUL 2019
AMP has confirmed the sale of its life insurance business to Resolution Life is highly unlikely to go ahead. The institution said the sale of AMP Life is highly unlikely to proceed on the current terms do to challenges in meeting the condition precedent ...

ESG options outperform in the short term: Research

KARREN VERGARA  |  THURSDAY, 11 JUL 2019
Investment options managed according to socially responsible, ethical or sustainability principles tend to outperform in the short-term, new superannuation research shows. Rainmaker's latest Roundup report, which analysed 139 multi-manager, strategic ...

Former financial adviser jailed

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
A former financial adviser who used $5 million in client funds to prop up his own business, pay off his credit cards and gamble has been jailed. James Gibbs was convicted of theft and dishonesty offences committed when he was director of James Gibbs ...

Chief economist update: A case for optimism

BENJAMIN ONG  |  THURSDAY, 11 JUL 2019
With a buoyant stock market, tax cuts, lower interest rates and a recovering housing market, one would think all Australians should have every reason to dance on the streets. Australians, all, should be dancing on the streets to Jimmy Cliff's classic ...