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Showing 81 - 90 of 231 results for "Equate"

Boutique launches new fund

KARREN VERGARA  |  MONDAY, 26 AUG 2019
A boutique fund manager has launched a new income fund that provides an alternative to low-yielding cash and term deposits. Prime Value's Diversified High Yield Fund, which launched on August 1, aims to provide investors with a return of 4% per ...

Financial services boom rolls on

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2019
The financial services industry continues to be the largest contributor to economic growth and pays employees above-average wages, according to a new report. Data compiled by the Financial Services Council in its 2019 State of the Industry report shows ...

CBA remediation bill crosses $2bn

KANIKA SOOD  |  MONDAY, 13 MAY 2019
... monitor the adequacy of these provisions," CBA said. The $714 million additional remediation provisions are pre-tax and equate to $500 million post-tax. CBA said the statutory net profit for the quarter was $1.75 billion approximately and unaudited. ...

Choice outweighs balance for women

KARREN VERGARA  |  FRIDAY, 8 MAR 2019
As this year's International Women's Day campaigns for a gender-balanced world, one underlying factor that is overlooked is empowering women to make choices to live a financially secure and fulfilling life. This is according to Australian Unity Trustees ...

Rest launches low-cost indexed options

KARREN VERGARA  |  FRIDAY, 25 JAN 2019
Industry superannuation fund Rest has launched new indexed options that do not charge investment fees. Introduced to Rest members in December 2018, the three new indexed investment choices offer Australian shares, overseas shares or a balanced option ...

MTAA Super makes fee cuts

HARRISON WORLEY  |  FRIDAY, 25 JAN 2019
... reduction in the form of a reduced asset-based administration fee for pension accounts. Previously 0.15%, the fee will now equate to 0.10%. Finally, the fund has increased the fee cap on pension accounts from $300,000 to $450,000. According to the fund ...

Specialist SMSF advisers need only apply

JAMIE WILLIAMSON  |  THURSDAY, 10 JAN 2019
The final report calls for additional requirements that financial advisers must comply with before they provide SMSF advice. The Productivity Commission is again calling for specialist training for those financial advisers wishing to advise on SMSFs ...

CFA Institute asks FASEA to recognise charterholders

KANIKA SOOD  |  WEDNESDAY, 10 OCT 2018
The association representing CFAs is asking its charterholders be allowed to qualify as financial advisers, as FASEA overhauls the educational standards in the advice industry. CFA Institute chief executive Paul Smith was in Sydney for a briefing that ...

Give life code a chance, Loane tells Royal Commission

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
Financial Services Council (FSC) chief executive Sally Loane equated removing the carve out of life insurance claim handling in the Corporations Act to using "a sledgehammer to crack a nut." Appearing before the financial services Royal Commission on ...

ETFs increasingly used to trade risk

HARRISON WORLEY  |  WEDNESDAY, 5 SEP 2018
... there was "a lot of misrepresentation" about ETFs in the media, noting ETF trading during periods of market stress did not equate to forced redemptions of underlying stocks and bonds. Petering used the performance of iShares iBoxx $ High Yield Corporate ...