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Showing 681 - 690 of 3110 results for "% Estimate"

QSuper bets on US recovery

ELIZABETH MCARTHUR  |  THURSDAY, 6 JAN 2022
QSuper, which will rebrand to Australian Retirement Trust upon its $230 billion merger with Sunsuper, has announced a series of investments in the US economic recovery. The fund said it has invested around $1 billion in US transport and industrial assets ...

Media Super apologises for major calculator error

JAMIE WILLIAMSON  |  THURSDAY, 6 JAN 2022
Members of Media Super have received an apology from the fund after it was discovered the information underpinning its benefit projection tool hadn't been updated since 2015. Media Super's Retirement Income Simulator was made available on its public ...

Morningstar cuts fair value estimate for Magellan

ELIZABETH MCARTHUR  |  TUESDAY, 21 DEC 2021
Morningstar cut its fair value estimate for narrow-moat Magellan Financial Group by 25% to $38 per share, after the fund manager lost a major mandate. That's according to a note from analyst Shaun Ler, who said the impact of St James' Place (SJP) cutting ...

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
The Financial Services Council released two new standards, one of which helps members abide by the newly mandated advice fee consent requirements. FSC members will need to comply with FSC Guidance Note No. 43 from 1 January 2022, which was constructed ...

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 ...

Labor promises to recognise adviser experience

KARREN VERGARA  |  FRIDAY, 10 DEC 2021
Labor promises it will dump educational requirements for financial advisers with over a decade's experience if it comes to power. Shadow minister for financial services Stephen Jones said such advisers with a clean record will not be required to ...

APRA hones in on post-retirement products

KARREN VERGARA  |  TUESDAY, 23 NOV 2021
APRA is adamant that retirement income products will not suffer the same fate as income protection insurance as it looks to tighten its belt in regulating the post-retirement phase. The prudential regulator's deputy chair Helen Rowell spoke of the ...

Caddick's assets will be sold

ELIZABETH MCARTHUR  |  TUESDAY, 23 NOV 2021
The assets of missing alleged conwoman Melissa Caddick, including a Sydney home worth more than $6 million, must be sold to pay back victims. The Federal Court has found Caddick and her company, Maliver, carried out a financial services business without ...

ASIC reviews super calculators

KARREN VERGARA  |  FRIDAY, 19 NOV 2021
ASIC is proposing to overhaul superannuation calculators and retirement estimates so that the tools complement the upcoming Retirement Income Covenant. Seeking industry feedback until 28 January 2022, the corporate regulator launched a consultation ...

Government advances adviser levy drop

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
The federal government is forging ahead with slashing the financial adviser levy by more than a third for those that provide retail advice. Corporate watchdog ASIC today updated its 2020-21 Cost Recovery Implementation Statement, which lays out how ...