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Showing 611 - 620 of 3288 results for "Choi"

Prime Minister announces reverse mortgage scheme

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
Prime Minister Scott Morrison has confirmed a reverse mortgage scheme for pensioners. During a radio interview with Spencer Howson, Morrison said the mid-year budget will include a cash access scheme for pensioners. "We've had a pension loan scheme ...

CFS extends SimCorp partnership

KARREN VERGARA  |  WEDNESDAY, 15 DEC 2021
Colonial First State has re-signed with SimCorp to provide back-office support as it overhauls its systems. CFS will migrate its platform and data management to Datacare, SimCorp's cloud-based data management service, after announcing it received a ...

AIOFP blasts 'elitist' young advisers

ELIZABETH MCARTHUR  |  MONDAY, 13 DEC 2021
The Association of Independently Owned Financial Professionals (AIOFP) has criticised 'elitist young financial advisers' for opposing Labor's suggestion older financial advisers shouldn't have to complete a university degree. Last week at the AIOFP's ...

BT cuts super fees by $20m

ELIZABETH MCARTHUR  |  MONDAY, 13 DEC 2021
BT Financial Group cut fees for its MySuper and Choice members, almost halving their dollar-based annual administration fee from $108 to $56. BT said more than 470,000 members will have an automatic reduction in their annual administration fee from ...

Super funds lambasted over nuclear holdings

CHLOE WALKER  |  THURSDAY, 9 DEC 2021
New research from the Australia Institute and Quit Nukes shows most major Australian superannuation funds still have holdings in nuclear weapons. Nearly one year since the UN Treaty on the Prohibition of Nuclear Weapons (TPNW) came into force (January ...

Takeovers Panel weighs in on WAM takeover

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
The battle between Wilson Asset Management and PM Capital over a takeover bid for a LIC heats up as the Takeovers Panel weighs in. PM Capital is urging shareholders to allow its PM Capital Global Opportunities Fund (PGF) to take over the PM Capital ...

The dark side of super switching: Research

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
New research from Griffith University and Iress has revealed the 'double-edged sword' of the ease with which consumers can switch their superannuation. The research analysed over 42,000 superannuation switching decisions from 1 January 2019 to 31 March ...

APRA tells Christian Super to merge

JAMIE WILLIAMSON  |  TUESDAY, 7 DEC 2021
With just $2 billion in assets, Christian Super has been told by the prudential regulator that it must merge by 31 July 2022 following persistent underperformance. APRA has imposed additional licence conditions on the super fund in order to protect ...

Goldman Sachs backs disability housing scheme in $137m deal

CHLOE WALKER  |  MONDAY, 6 DEC 2021
Disability housing investor Synergis has today announced that Goldman Sachs Asset Management will become a key investor in the platform, as it targets total equity deployment of at least $137 million. Rental income in the niche specialist disability ...

CFS targets adviser market

KARREN VERGARA  |  THURSDAY, 2 DEC 2021
With a $430 million funding boost, Colonial First State hopes to capture a bigger slice of the financial adviser market. Upon announcing that Commonwealth Bank relinquished its 55% stake as of yesterday, CFS unveiled its grand plan to transform operationally ...