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| | | ... than older people. This leaves superannuation open to claims it's a product designed only for old people," the report read. "In 2020, default MySuper products charged on average 0.15% p.a. for administration, 0.8% p.a. for investment management and ... |
| | | | An activist shareholder is asking for a cost review at Magellan's biggest client, St James Place. But the risk to Magellan is low, says Credit Suisse. The UK wealth manager has been using Magellan's strategies since 2011 and was its first overseas client. ... |
| | | | Tasmania has retained its status as having the best performing economy in Australia for the third consecutive quarter, CommSec research shows. In the stockbroker's latest State of the States report, the ACT economy has risen to second position, its ... |
| | | | The latest results from the monthly Markit Economics PMI (purchasing managers' index) draws a picture of the three shapes of the economic recovery or otherwise. The letter V. Masked or unmasked, the IHS/Markit flash US composite PMI continues to ... |
| | | | ASIC chair James Shipton has stepped aside pending the outcome of a review into his remuneration arrangements. Tabling the 2019/20 ASIC annual report today and addressing the Senate Estimates committee, Shipton flagged certain relocation expenses incurred ... |
| | | | It may have gone up and down and round and round but the US equity market has trended higher and higher and is outperforming its peers. Despite topping the list of total cases of coronavirus infections (8.6 million), new cases (0.6 million) and deaths ... |
| | | | It's been just over a month when Yoshihide Suga took over from Shinzo Abe - who resigned for health reasons -- as Japan's prime minister. It wasn't a great time for a handover given the significantly weakened state of the global and domestic ... |
| | | | ... properties that are being actively managed to address structural headwinds which have been exacerbated by COVID-19," the report read. The fund made a staggering $1.4 billion loss, down a whopping 109% from $16.7 billion in net profit made in FY19. The ... |
| | | | It won't be long now till we again hear "balcony concertos" - the ones started in Italy back in March this year (and gone viral on cyberspace) when the government imposed a hard lockdown to contain the coronavirus pandemic - for infections in Europe ... |
| | | | Despite COVID-19 volatility, financial advisers have managed to deliver value of 5.2% or more each year to clients, according to new research. It's the key finding of Russell Investments' Value of an Adviser Report for 2020, saying this is the case ... |
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