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| | | The super fund is reducing fees on its direct investment option for members, effective this month. The Choiceplus option enables members to invest in the shares in the S&P/ASX 300, a range of ETFs and listed investment companies (LICs) and term deposits. ... |
| | | | Global X has launched a US investment grade corporate bond ETF, amid skyrocketing credit demand. The Global X USD Corporate Bond ETF (Currency Hedged) (USIG) aims to provide investors with access to the world's largest corporate bond in a cost-effective ... |
| | | | ... the RBA governor delivering on that promise and continuing to hike rates. Mousina said it makes sense for the RBA to maintain its tightening bias, as it needs to sound tough on inflation, which is currently running at 6.8% year on year to February. The ... |
| | | | Assistant treasurer Stephen Jones has opened consultations that aim to make the superannuation performance test more accurate by updating the benchmarks and extending the testing period. These are among the proposed changes to the Your Future, Your ... |
| | | | ... tightening as it assesses the outlook for the economy. "The RBA has expressed a willingness to target a soft-landing and maintain the high level of employment in the economy which supports a more patient approach," Solomon said. AMP senior economic Diana ... |
| | | | ... them to include their farms or business properties. How will this affect them if they have to sell the very assets that maintain their livelihood?" While Bradford acknowledges that some individuals with substantial super balances could afford to pay ... |
| | | | Mercer has officially taken on BT's personal and corporate superannuation products, as well as Advance Asset Management, entering the big leagues with about $63 billion in assets. The finalised merger brings the total member count for Mercer Super ... |
| | | | ... is not connected to any recent financial market movements or developments," APRA said. LPS 117 forces life insurers to maintain adequate capital against the asset concentration risks associated with their activities. The Asset Concentration Risk Charge ... |
| | | | The Institute of Financial Professionals Australia (IFPA) has bucked the trend, rejecting the proposal to legislate an objective of superannuation. The IFPA said it supports consistency in future policy making around superannuation, which should be ... |
| | | | ... and growth was expected to have detrimental impacts on members, whereas transferring to other funds is anticipated to maintain or even enhance member outcomes. Following the decision to transfer Aracon Super Fund's divisions, the Oracle Superannuation ... |
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