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Showing 591 - 600 of 4542 results for "Reach"

Raiding super can worsen housing affordability: Research

KARREN VERGARA  |  MONDAY, 25 MAR 2024
... to higher house prices, and thus higher required deposits, the prospect of home ownership could become even more out-of-reach for those with low superannuation balances - a cohort which would largely comprise low-income earners," the paper read. The ...

ANZ to pay $57.5m to settle class action

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
ANZ announced it reached an agreement to settle a class action brought against it by Phi Finney McDonald in 2021. The class action related to certain interest charged on specific ANZ personal credit cards in the period from 1 July 2010 to 1 January ...

Mayfair 101 regains control of assets, liquidators abandon claims

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
The terms of a $44 million legal settlement reached between Mayfair 101, James Mawhinney and the liquidators of IPO Wealth Holdings have been released to the public. In July 2022, Mayfair 101, its managing director James Mawhinney, and the liquidators ...

Advisers flock to managed accounts, but are very selective

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
... decade ago to an equal record high of 56% now. A further 19% of advisers are potential users, taking the total possible reach in coming years to 75%, the report said. In addition, funds under management (FUM) in managed accounts have surged 146% in five ...

Global dividends reached record high in 2023

ELIZA BAVIN  |  WEDNESDAY, 13 MAR 2024
The latest Global Dividend Index by Janus Henderson Investors revealed global dividends experienced an uptick of 5% on an underlying basis, reaching a record of US$1.66 trillion in 2023. The report revealed the year closed on a particularly positive ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... system. Australia's aged care bill is on the rise, coming in at $27.1 billion last financial year, and predicted to reach $42 billion by 2026-27. Presently, the government funds about 75% of residential aged care and 95% of home care, which the taskforce ...

Blossom launches new fixed income product

ANDREW MCKEAN  |  TUESDAY, 12 MAR 2024
... with further announcements on their way," Rosenberg added. Last year, Blossom doubled its funds under management (FUM) to reach $50 million. It also achieved 13,000 sign-ups. "We've seen a surge in interest in fixed income investments, but we're not ...

Hamilton Lane debunks private market myths

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
Hamilton Lane's 2024 Market Overview report has offered a counter narrative to perceptions about the private market asset class. "Valuations are inaccurate: we can't tell if this is a real one today or just a bad hangover from 2022's party-crashing ...

Pendal shutters costly equity fund

KARREN VERGARA  |  MONDAY, 11 MAR 2024
Pendal is terminating one of its funds, saying that it was too expensive to operate, 11 years on from its launch. The Pendal Geared Imputation Fund will cease to exist on March 26, the fund manager told investors, as its "small size means that it has ...

Retirement saving, investing daunting for women: Surveys

KARREN VERGARA  |  FRIDAY, 8 MAR 2024
... comparison to the 73% of men stating they have a "general", "good" or "exact plan" for how they will financially prepare to reach the retirement lifestyle they want. Half of men surveyed ranged from "very" to "extremely confident" about making decisions ...