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Showing 691 - 700 of 6047 results for "Age"

Super for housing 'economically reckless': SMC

ANDREW MCKEAN  |  WEDNESDAY, 1 MAY 2024
... forced to pay more for a house, with a bigger mortgage, have less super at retirement, and pay more in taxes to fund a bloated age pension," Shubert said. "We urge a sensible rethink on any policy ideas that would undermine super." The SMC said that ...

Poor investment governance costly for asset owners, members: KPMG, Frontier

ANDREW MCKEAN  |  WEDNESDAY, 1 MAY 2024
Most asset owners estimate that poor investment governance could increase portfolio costs by 1% or more annually, according to a joint report by KPMG and Frontier Advisors. The report, which surveyed 22 asset owners in the local investment industry ...

AustralianSuper announces insurance changes

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
AustralianSuper will introduce a new age-based insurance cover scale for members aged 15 to 25 from June 1 this year. New age-based cover amounts will automatically start on June 1 for members younger than 25 years old because they have made certain ...

ART reduces admin fees for high balance accounts

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
Australian Retirement Trust (ART) will be reducing the maximum account balance for the percentage administration fee from $800,000 to $500,000. Currently, the percentage fee applies to the first $800,000 of member account balances in each Super Savings ...

Vanguard Super lowers fees

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
... managing director Daniel Shrimski said. The Lifecycle option automatically adjusts its investment mix according to the member's age. On a balance of $50,000, a member will now pay $280 (0.56%) compared to the industry average fee of $479 per annum. It ...

ASIC hits back at parliament: 'Simply not realistic'

ELIZA BAVIN  |  TUESDAY, 30 APR 2024
Australian Securities and Investments Commission (ASIC) chair Joe Longo had some choice words when addressing the Parliamentary Joint Committee on Corporations and Financial Services today. When questioned over its capacity to respond to people who ...

Schroders chief flags retirement

ANDREW MCKEAN  |  FRIDAY, 26 APR 2024
Schroders group chief executive Peter Harrison will retire next year, but he'll continue to serve as a director while the firm searches for his successor. Harrison joined Schroders in March 2013, serving as global head of investments before becoming ...

Platinum announces strategic review

ELIZA BAVIN  |  FRIDAY, 26 APR 2024
Platinum Asset Management said it would be undertaking a strategic review of both Platinum Capital (PMC) and Platinum Asia Investments (PAI). Platinum said the boards of both PMC and PAI have noticed a trend away from close-ended investment vehicles ...

How to win in today's wealth management industry: EY

ANDREW MCKEAN  |  WEDNESDAY, 24 APR 2024
... currently a distance from achieving best practice. One of the main challenges wealth managers face is to "stand out in the age of personalisation." "Firms that can clear that bar and differentiate themselves strongly will benefit in terms of client acquisition ...

TCorp promotes three to lead roles

ELIZABETH FRY  |  FRIDAY, 19 APR 2024
TCorp, the NSW government's investment and financial management arm, has strengthened its client relationship team with three important promotions. Jennifer Roberts, Yvonne Blunt and Christine Evers have all been elevated to more senior roles. First ...