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| | | ... increased by 9.4% p.a. Rainmaker estimates that super funds hold more than 20% of the banking sector. Including SMSFs, this figure jumps to one third. The top 10 most popular companies among super funds are: CSL, NAB, Westpac, ANZ, BHP, CBA, Westfarmers ... |
| | | | An Australian Unity fund has topped Rainmaker's analysis of top-performers in the wholesale managed funds sector over the last three years. The Australian Unity Retail Property Fund delivered 25.1% in the three years to March 2019, outstripping ... |
| | | | ... income. However, the franking credit refund on a diversified portfolio of that size would be just over $10,000. The $83,454 figure the Alliance refers to comes from Treasury modelling and excludes many in the workforce. It only refers to full-time workers ... |
| | | | Ken Marshman is stepping down as chair of JANA and his successor has been named. Marshman has announced his retirement from the JANA board and Fiona Dunn has been named as his successor. Marshman commenced his transition to retirement in 2013. He served ... |
| | | | ... In their first year, SMSFs start with cash and term deposit allocations of around 36%. However, after just a year that figure drops to roughly 22%, and with capital redeployed into other asset classes such as equities. By the fifth year, cash and term ... |
| | | | ... lost almost half a billion dollars to scams in 2018. However, the Australian Competition and Consumer Commission said the figure should be taken with a grain of salt as many people who fall victim to scams choose not to report. Losses to investment scams ... |
| | | | ... explained the business currently runs at around $8.5 billion and that given growth and inflation projections the $8 billion figure should represent a reduction of roughly $1 billion reduction in real terms. The reduction in business costs is expected ... |
| | | | As the ASX ticks along in switching from its legacy settlement service to a blockchain based solution, how will Australia's $2.8 trillion pool of superannuation assets benefit? That's a question ASX chief executive Dominic Stevens addressed ... |
| | | | ... after it announced a $260 million hit to first half cash earnings due to remediation costs in March. About half of that figure relates to the bank's financial advice business, Westpac said at the time. Westpac said it would continue to work with ... |
| | | | The stats are out and it reveals that Australian consumer price inflation has softened... big time. There's no other option for the Reserve Bank of Australia (RBA) to cut interest rates soon and twice. The Australian Bureau of Statistics' (ABS) ... |
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