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Showing 841 - 850 of 4538 results for "Dollar"

Industry fund dips toes in private equity

KANIKA SOOD  |  THURSDAY, 9 MAY 2019
An $8.6 billion industry superannuation fund is gearing up its first private equity play in almost half a decade, as it readies for an environment of lower returns. Australian Catholic Superannuation Retirement Fund chief investment officer Michael ...

Australians lose record amount to scams

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
Older Australians, Indigenous Australians and those with a disability have reported record losses to scams in 2018, including more than $85 million to dodgy investments. Australians in total lost almost half a billion dollars to scams in 2018. However ...

Chief economist update: The tweet that reignited the trade war

BENJAMIN ONG  |  TUESDAY, 7 MAY 2019
Once again, US President Donald Trump proved to the entire planet that the only thing predictable about him is his unpredictability. With just two tweets, POTUS reignited hostilities (and perhaps an escalation) of the US-China trade war, spooking financial ...

Chief economist update: RBA May cut, May not

BENJAMIN ONG  |  FRIDAY, 3 MAY 2019
... by these fresh developments give the RBA every reason to cut interest rates if it so decides. Then again, the Australian dollar has dropped since its April 2 meeting - down 1.7% versus the greenback and down 0.7% on the trade weighted index (TWI) - which ...

What will super funds get from the ASX CHESS replacement?

KANIKA SOOD  |  THURSDAY, 2 MAY 2019
... providing a platform for better products and services for the next decade or more, in addition to lowering risks and costs." In dollar figures, a 1% benefit on super funds' ASX settling costs of $50 million would mean half a million in cost benefits ...

Super startup to relaunch

HARRISON WORLEY  |  TUESDAY, 30 APR 2019
... structure allowed the fund to offer lower fees to certain members, but not all would see the same benefits. "By not having a dollar fee, FairVine benefits those members who have a low balance but not necessarily those with a medium balance," Ross said. ...

ASIC bans AFSL chief executives

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
ASIC banned two joint chief executives from providing financial services for six years following an investigation. Jeffrey Worboys and Matthew Barnett were joint chief executives of Australian Mutual Holdings - an AFSL holder and responsible entity ...

Superannuation fund drops fees

KARREN VERGARA  |  TUESDAY, 23 APR 2019
... including contribution splitting fees ($50), family law splitting fees ($40) and exit fee on withdrawals ($40). The flat dollar-based fee for pension members has been halved from $3 to $1.50 per week, while the cap on the asset-based administration fee ...

CBA owes staff $15 million

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
Commonwealth Bank Australia (CBA) notified the Finance Sector Union (FSU) it will have to reimburse staff after a series of errors resulted in workers being underpaid. Thousands of current and former employees of CBA and BankWest have been underpaid ...

Former Millennium3 adviser banned

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
... were significantly higher than Foster disclosed to clients and that Foster disclosed fees in percentage terms rather than dollar values, failing to comply with the requirements for a Statement of Advice (SOA). Forster was an authorised representative ...