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Showing 1031 - 1040 of 3009 results for "February 1978"

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
AMP Life and AMP Capital have paid hefty penalties following infringement notices issued by ASIC. AMP Life paid $275,500 and AMP Capital paid $250,500. "ASIC issued the infringement notices as it considers there are reasonable grounds to believe there ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
ASIC has commenced civil proceedings in the Federal Court against Colonial First State, alleging that it engaged in misleading communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default ...

Volatility hits super funds

HARRISON WORLEY  |  TUESDAY, 17 MAR 2020
The current volatility of global financial markets is taking its toll on some of Australia's largest superannuation funds. Latest Rainmaker analysis of superannuation returns and unit pricing shows Australia's large superannuation funds aren't ...

Chief economist update: China leads the way

BENJAMIN ONG  |  TUESDAY, 17 MAR 2020
"Hush, little baby don't say a word Papa's gonna buy you a mocking bird..." Perhaps, a throwback to my childhood but the lullaby applies to the different stages governments around the planet - culminating in total lockdown of their borders - ...

Aussie ETF industry contracts

ALLY SELBY  |  MONDAY, 16 MAR 2020
Australian ETFs lost $2 billion in February as the industry contracted for the first time in more than a year amid fears of the spreading COVID-19 pandemic. According to BetaShares, the 3.1% month on month decline in funds under management was due entirely ...

Panic selling to do more damage: Ord Minnett

ELIZA BAVIN  |  MONDAY, 16 MAR 2020
Panic selling, which is taking global markets by storm, is likely to do more damage as it spreads across asset classes, according to latest Ord Minnett research. "Market volatility inevitably reverberated into the listed hybrids market, with the asset ...

Coronavirus is an investment opportunity: Fidelity

ALLY SELBY  |  FRIDAY, 13 MAR 2020
COVID-19, despite its obvious health hazards and hysteria-spooked market volatility, can actually be an opportunity for investors, enabling them to purchase the market's darlings at discounted prices. That's according to Paul Taylor, portfolio ...

Pension fund chief executive retires

JAMIE WILLIAMSON  |  THURSDAY, 12 MAR 2020
The chief executive of one of the United States' largest pension funds is set to retire after 18 years in the top job. Jack Ehnes, chief executive of the California State Teachers' Retirement System (CalSTRS) has announced his will retire later this ...

National Stock Exchange names new chief executive

ALLY SELBY  |  THURSDAY, 12 MAR 2020
The founder, managing director and chief executive of ASX-suspended fintech iSignthis is the new interim chief executive of the National Stock Exchange of Australia (NSX). John Karantzis will step into the role effective immediately, having recently ...

Chief economist update: Budget surplus or bust

BENJAMIN ONG  |  THURSDAY, 12 MAR 2020
It's official! The World Health Organisation (WHO) has declared COVID-19 a pandemic. Uh, scary! But what's in a word? According to the ABC : "An outbreak is a sudden rise in cases of a disease in a particular place. An epidemic is a large outbreak. ...