Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 2057 results for "Plus"

Suncorp sells NZ life business to Resolution Life

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
... customers and financial advisers. The sale includes an upfront payment of NZ$250 million at completion, with the balance plus interest due 18 months later. It is expected to be completed by the end of the year. Resolution Life Australasia chief executive ...

BlackRock's Fink signals a tough road ahead for future retirees

ANDREW MCKEAN  |  WEDNESDAY, 27 MAR 2024
... retirement age should be. Instead of pushing back retirement benefits, we should encourage people to work longer by treating 60-plus year-olds as late-career workers with much to offer, Fink said.

Wholesale investor tests up for parliamentary review

KARREN VERGARA  |  MONDAY, 25 MAR 2024
... investor is a "sophisticated" one. Two of the most popular are the product value test whereby an investible asset is $500,000-plus. The other is the individual wealth test in which an investor has either net assets of $2.5 million or gross income of ...

AvSuper prepares members for merger, fee changes

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
... ART with its 2.3 million members on May 1. Public offer members will see administration costs change from $0.50 per week plus 0.19% p.a. of the account balance to $1.20 per week, plus 0.10% p.a. on the first $800,000 of the account balance. ART will ...

Perpetual seeds Kapstream fund

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
... 0.89% and is overseen by Kapstream portfolio managers Dylan Bourke and Mark Bayley. It targets a return of the RBA cash rate plus 6% per annum and is distributed by Mantis Funds. Warehouse financing, which is common among non-banks lenders, is a type ...

Half of super funds to close in coming decade: Mercer

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2024
... occur in 2080, though largely achieved in the next 25 years. "We project system maturation in terms of assets to occur in 50-plus years when individuals have received the full legislated SG contribution rate for their entire working life," Dunn said. ...

Blossom launches new fixed income product

ANDREW MCKEAN  |  TUESDAY, 12 MAR 2024
Blossom, an Australian fixed income app, has launched Blossom Plus, a managed fund that offers access to bond investments with a target return of 7%. The new product is designed for investors who want to maximise the value of the savings made on their ...

'About bloody time': Industry responds to PPL super reform

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... for super to be paid on parental leave for more than 13 years, welcomed the announcement. "More than 80% of our one million-plus members are women, many working in typically lower-paid industries such as aged care or early childhood education. Paying ...

Baby boomers turn to local private debt: Research

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... identifying the demographic investor profile where the money is in Australia. "We note that between 2023 and 2040, the 65-plus age cohort in Australia will grow by 42%," Foresight Analytics said. The report added that Australian private debt has and ...

Best default super funds revealed

ANDREW MCKEAN  |  MONDAY, 4 MAR 2024
... 31, the script flips: Mine Super's - High Growth investment option leads with an 8.5% return. TelstraSuper Corporate Plus - MySuper Growth followed at 8%, with Active Super's High Growth option not far behind at 7.8%. Looking at a 10-year performance ...