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Showing 611 - 620 of 3771 results for "Figure"

Super fund PDSs to include single cost of product figure

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
... Friday, which simplifies how fees and costs are presented in periodic statements and now includes a single "Cost of Product" figure in product disclosure statements. The update to RG97 requires super funds and managed investment product issuers to re-group ...

Don't over-interpret OECD super fee figures

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
... APRA's expense report appears to not take account of. According to Dunnin, the issue lies in the potential use of the OECD figure as a means for arguing the system is efficient enough and doesn't need further reform. "While all this may seem a nerdfest ...

Global manager to build local retail team

KANIKA SOOD  |  TUESDAY, 26 NOV 2019
... committed to our alliance partner strategy which accounts for around $2 billion in funds under management and we expect that figure to grow," Walker said in a statement. "Over time, we will look to expand our stable of alliance partners which includes ...

Chief economist update: Cloudy 2020 vision for OECD

BENJAMIN ONG  |  FRIDAY, 22 NOV 2019
Scratch that and lower it to 2.9%. In its 'Interim Economic Outlook' report published on September 19, the OECD lowered its world economic growth forecast from 3.6% in 2018 to 2.9% (down from 3.2% forecast in May 2019) this year and 3.0% (down ...

NAB accused of greenwashing

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
National Australia Bank has been accused in no uncertain terms of greenwashing. Activist group Market Forces said NAB's new climate policy, released as part of its latest Sustainability Report, is "little more than greenwash and a recipe for climate ...

Remediation bill tops $10b: ASIC

ELIZA BAVIN  |  MONDAY, 18 NOV 2019
... said. "Look no further than the current tally for remediation provisioning now well above $10 billion." Chester said this figure is not as shocking as it first seems, comparing it to the US$320 billion Bank of England governor Mark Carney estimated in ...

Chief economist update: Weak household consumption now a sure thing

BENJAMIN ONG  |  TUESDAY, 5 NOV 2019
The race that stops the nation - the Melbourne Cup - is upon us. There'll be a lotta betting and hopin' and wishin' and prayin' for a chosen steed to make it past the finish line in first place. Cross Counter is the odds-on favourite ...

FASEA chief unaware of dwindling adviser numbers

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2019
FASEA chief executive Stephen Glenfield refused to acknowledge the impact increased education requirements has had on financial adviser numbers during a recent Senate Estimates hearing. Appearing before the committee, Glenfield was asked by Liberal ...

Consumers trust super funds about as much as banks

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 OCT 2019
... 10. In October 2018 retirement confidence rated 4.9 out of 10, that increased to 5.1 in December last year and now the figure is at 5.4. Only 40% of Australians were reported to have a high or very high degree of confidence in their ability to retire ...

FASEA clears up code of ethics

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
The Financial Adviser Standards and Ethics Authority have released a guidance document for its code of ethics for financial advisers, which will come into effect on January 1, 2020. The code comprises of five values and 12 standards and has been designed ...