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Showing 1071 - 1080 of 6263 results for "Cash"

Beware super home buyer collateral damage: ISA

ANDREW MCKEAN  |  FRIDAY, 20 MAY 2022
... Industry Super Australia (ISA) has said. ISA said that under the super home buyer scheme, funds would be forced to carry more cash. As cash is a lower performing asset, this would mean every Australian with a super account could have less at retirement ...

How AMP plans to bounce back

JAMIE WILLIAMSON  |  FRIDAY, 20 MAY 2022
... running at a loss in recent years and is projected to do so again this year, she said. In its recent update, AMP reported net cash outflows for the wealth management business of $1.3 billion. "We are accelerating the transformation of advice by implementing ...

Risk asset volatility guaranteed: Western Asset

ANDREW MCKEAN  |  FRIDAY, 20 MAY 2022
... highest returns for the risks involved." Fleming added that fixed-income investors should invest in credit that is linked to cash rates, such as RMBS that have a floating rate of interest that increases if rates go up. "Despite the global challenges ...

Westpac architects new institutional banking platform

ANDREW MCKEAN  |  TUESDAY, 17 MAY 2022
... new banking platform would also enable Westpac's institutional clients to procure access to advanced liquidity management, cash flow forecasting and real-time payments processing. Westpac institutional bank chief executive Anthony Miller said the bank ...

Copia, Mutual Limited sign distribution agreement

ANDREW MCKEAN  |  MONDAY, 16 MAY 2022
... Australian distribution partnership with Mutual Limited. Under the agreement, Copia will distribute Mutual Limited's Mutual Cash, Mutual Income, Mutual Credit and Mutual High Yield funds. Copia chief executive Sam Baillieu was enthusiastic about the ...

APRA identifies NESS Super board deficiencies

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
... largest decrease will be seen on its Australian shares with a reduction of 39.13% while the Stable option will drop 7.41%. The cash option will remain as is at 0.08%. The fund is also reducing administration fees for its pension members while also capping ...

Westpac reports $3.1bn in cash earnings

ANDREW MCKEAN  |  MONDAY, 9 MAY 2022
The bank's cash earnings dropped due to competitive pressures on net interest margins and reduced credit impairment benefits. More promisingly, Westpac's earnings were up 71% compared to the second half of last year due to the success of its cost reset ...

Woolworths scraps AMP super mandate

ANDREW MCKEAN  |  FRIDAY, 6 MAY 2022
... provider is expected in the first half of 2023. The move is expected to generate a one-off impact of approximately $4 billion in cash outflows. Though, the company forecast that the exit of the mandate isn't expected to have a material impact on ...

Partners Group selects RE for new fund

JAMIE WILLIAMSON  |  WEDNESDAY, 4 MAY 2022
... Fund - Unlisted comprises private debt investments, focuses on capital preservation and targets a return of 4% above the RBA cash rate. Partners Group partner and head of syndicated loans Andrew Bellis said the firm is excited about the launch. "With ...

Reserve Bank fallout after hawkish pivot

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
Yesterday, the Reserve Bank of Australia surprised markets by lifting the cash rate target for the first time in over a decade. The decision to raise rates 25 basis points to 0.35% came as the RBA sought to withdraw the extraordinary monetary support ...