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Showing 9151 - 9160 of 22150 results for "Tim"

Perennial cuts fees for defensive LIC, revises investment strategy

ALEX BURKE  |  TUESDAY, 22 MAY 2018
Perennial has reduced management fees for its defensive listed investment company as part of a revision of the overall investment strategy. Management fees for the Wealth Defender Equities LIC will be cut from 0.98% to 0.8%. This follows the LIC's ...

BBSW methodology restores trust

DARREN SNYDER  |  TUESDAY, 22 MAY 2018
The new calculation methodology for Australia's bank bill swap rate began on Monday, a direct response to maintain trust in the interest rate benchmark following misuse. In a joint statement the RBA and ASIC said the new BBSW methodology calculates ...

Age Pension needs national objective: Actuary

DARREN SNYDER  |  TUESDAY, 22 MAY 2018
Actuary Michael Rice believes there should be a national objective for the Age Pension and the Federal Government could consider setting a combined target for Age Pension and aged care costs as a percentage of GDP. These are two of several policy initiatives ...

Chief economist update: A US dollar story

BENJAMIN ONG  |  TUESDAY, 22 MAY 2018
The times, they are a-changin'. After reaching a peak of 103.01 on the 23 December 2016, the Bloomberg US dollar index began its long descent before hitting a three-year low of 89.19 in February this year - a 13.4% depreciation. The US dollar has ...

New partnership to simplify estate planning

JAMIE WILLIAMSON  |  MONDAY, 21 MAY 2018
Myprosperity is partnering with a specialist estate planning law firm to provide free, automated wills. Added estate planning functionality will allow financial advisers using the myprosperity platform to generate a standard, legally binding will from ...

Fiducian acquires $35m planning business

ALEX BURKE  |  MONDAY, 21 MAY 2018
ASX-listed financial planning group Fiducian has acquired a practice with $35 million in funds under advice. The practice is based in South-East Queensland. Total consideration for the purchase is $330,000, and Fiducian said it will be funded by excess ...

Retirement income paper open for consultation

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
Treasury has laid out principles for its proposed retirement income covenant and is inviting stakeholders to submit consultation for the next four weeks. Here are key takeaways from it. The paper's primary suggestion - as expected -- is that all ...

Blue Sky short seller launches new fund

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
One of the men behind the US hedge fund which successfully shorted Blue Sky Alternative Investments is starting an activist investment fund of his own. Former Glaucus Research director and chief investment officer at Glaucus Investments, Soren Aandahl ...

Industry funds call for super shortfall reform

JAMIE WILLIAMSON  |  FRIDAY, 18 MAY 2018
The likelihood of a comfortable, self-sufficient retirement will diminish over the next decade for about 3.1 million Australians, according to new research. Recent findings from AustralianSuper and Cbus suggest the changing nature of work will create ...

Westpac names customer relations executive

ALEX BURKE  |  FRIDAY, 18 MAY 2018
Westpac appointed a new group executive, customer and corporate relations and admitted it has been too slow to resolve customer issues. Carolyn McCann was previously Westpac's general manager, corporate affairs and sustainability. Prior to that ...