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Showing 591 - 600 of 4000 results for "Cut"

Economic recap: Week to September 3

BENJAMIN ONG  |  MONDAY, 6 SEP 2021
... the country's overall steel export plunge, and the trend is set to further accelerate, as China takes more measures to cut output and restrict exports..." This is already impacting iron ore prices - Australia's biggest resource export. After ...

Short-termism damaging climate outcomes

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 SEP 2021
... arguing that Australian companies have not yet come to terms with climate change. She said companies do not have more time to cut emissions and need to stop thinking that 2050 is far away and they can achieve radical change by then. Wilkinson thinks ...

CFS drops admin fees on FirstChoice Employer Super

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... $50 of savings for members a year, and about $8 million in total forgone revenue for CFS, the firm estimates. The latest fee cut comes as the CFS FirstChoice Superannuation Trust is named as one of the 13 MySuper products that failed the inaugural Your ...

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... Four funds have already announced firm or planned mergers with passing funds, while CFS FirstChoice yesterday announced a fee cut. BOC is merging with Equipsuper, EISS is exploring a merger with TWU, LUCRF is merging with AustralianSuper and VISSF is ...

Maritime Super criticises unfair YFYS test

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... will potentially have a better retirement outcome," he said. In addition to the Hostplus deal, just last week Maritime Super cut ties with Industry Super Australia, withdrawing from the collective in a move that is set to save its 24,000 members about ...

Cbus changes insurance premiums

JAMIE WILLIAMSON  |  FRIDAY, 27 AUG 2021
The industry superannuation fund has informed members the premiums they pay for death and total and permanent disablement cover is changing. Cbus has issued new premium prices across its manual, electech, non-manual and professional categories which ...

Retail funds to benefit from YFYS test changes

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
... change not only gives funds a free pass for historic fee gouging, it opens the test to manipulation," ISA said. "A fund could cut its last year of administration fees but lift its investment charges by an equal amount and get a boost to its benchmark ...

The next 20 years in Aussie ETFs

KANIKA SOOD  |  THURSDAY, 26 AUG 2021
State Street's head of the asset manager segment in Asia Pacific Neil Macdonald says active ETFs, thematic products and ESG will dominate the ETF industry in the years to come. Macdonald joined State Street earlier this year from KPMG, and now works ...

ASIC settlement hits E&P profits

KANIKA SOOD  |  TUESDAY, 24 AUG 2021
E&P Financial Group posted a statutory loss of $18.8 million for FY21, as its ASIC settlement hit both profits and the final dividend for the year. The company's net revenue for the year was $187.9 million (2% lower than FY20) driven by lower contribution ...

Industry funds to dominate in 2025

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
New research reveals which industry superannuation funds will dominate the sector in 2025 and squeeze out many retail funds. Rainmaker's latest Benchmarking Report shows AustralianSuper, QSuper/Sunsuper, Aware Super, UniSuper and Hostplus will become ...