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Showing 671 - 680 of 2164 results for "Plus"

Perpetual raising $440m for credit trust

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... debt (mainly corporate loans). The management cost is expected to be 0.88% per annum of the NTA. Target total return is RBA plus 3.25% per annum and the trust is aiming to pay monthly distributions to unitholders. The portfolio will be managed by Perpetual ...

UBS fined $51m for reporting breaches

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
Swiss bank UBS AG has been slapped with a £27.6 million ($51.1m) fine for breaching reporting rules stretching nearly a decade. UK regulator the Financial Conduct Authority found UBS did not provide complete and accurate information relating to about ...

TAL goes back-to-back at AFA awards

HARRISON WORLEY  |  MONDAY, 18 MAR 2019
... term life/TPD category. The trauma and critical illness category was won by BT Financial Group for its Protection Living Plus Plan. MLC Life was recognised in income protection, thanks to its Insurance Income Protection Platinum Plan. The association's ...

Banks, ASIC still at war over fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
... RG256 over the calculation of refunded fees. RG256 guides institutions towards paying the Reserve Bank's minimum cash rate plus 6%, however Macquarie proposed using a proxy rate to reflect lost earnings, with either the higher of the Macquarie Cash Management ...

Pinnacle boutique opens LIT offer

KANIKA SOOD  |  MONDAY, 11 MAR 2019
... across both investment grade and sub-investment grade corporate loans). It also has a lower return net target of cash rate plus 3.25% per annum and pays out distributions monthly.

Global fund launches in retail market

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2019
... Marriott. It also invests in companies based in China, Canada, Hong Kong, Japan and the UK. Management fees sit at 1.2% (plus GST). It does not charge a performance fee. The fund is co-managed by Loomis Sayles portfolio managers Eileen Riley and Lee ...

Chief economist update: Time to pig out on China shares?

BENJAMIN ONG  |  MONDAY, 4 MAR 2019
... drive around US$67 billion worth of inflows into China's stock market this year - enough to buy Luxembourg and Greenland, plus change. These would provide extra underpinning to the recent bull market in Chinese equities - Shanghai composite index ...

Sunsuper introduces advice fee caps

JAMIE WILLIAMSON  |  THURSDAY, 28 FEB 2019
... the fee caps are also expected to generate greater interest in financial advice, Fuchs said. So far, feedback from the 3000 plus advisers Sunsuper works with has been positive, she added. "We understand this is a big change, however the new fees have ...

Advice firm hires chair

KANIKA SOOD  |  THURSDAY, 28 FEB 2019
... wealth management and capital advisory." Prime Financial Group has four main business areas: accounting and business advisory plus capital (46% of revenue), wealth management joint ventures (25%), wealth management including financial and retirement ...

MLC MySuper switches to lifestage

KANIKA SOOD  |  FRIDAY, 22 FEB 2019
... growth portfolio: 50% growth and 50% defensive. Its objective is to beat CPI by 2.5% pa over any five-year period MySuper cash plus portfolio: 100% cash. Its objective is to outperform the Bloomberg AusBond Bill Index over any one year period. How will ...