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Showing 91 - 100 of 257 results for "Equate"

Westpac flags $2.2bn impairment

JAMIE WILLIAMSON  |  TUESDAY, 28 APR 2020
The big four bank has flagged its 1H20 results will likely include an impairment charge of more than $2.2 billion - more than half of which is attributed to COVID-19. Announcing the expected charge this morning, Westpac said the $2.238 billion impairment ...

Pay cuts, dividend slashed as NAB raises capital

JAMIE WILLIAMSON  |  MONDAY, 27 APR 2020
The big bank has entered a trading halt as it looks to raise $3.5 billion to sustain the business throughout the COVID-19 downturn which has so far seen the interim dividend more than halved and the NAB leadership team take pay cuts. Releasing its 1H ...

The blame game

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
... he said. "There needs to be a lot more work done by the industry to reinforce the message that past performance doesn't equate to future performance, and in fact it could be opposite." Griffith suggested that there should be consideration for the addition ...

AMP Capital wholesale property fund rejigs withdrawals

KANIKA SOOD  |  TUESDAY, 14 APR 2020
AMP Capital's wholesale Australian property fund is moving asset valuations from quarterly to monthly, has fixed the distribution payouts for this year and is altering withdrawals during the COVID-19 pandemic. The fund, which currently allows monthly ...

Multi-asset results mixed in COVID-19 sell-off

ALLY SELBY  |  WEDNESDAY, 1 APR 2020
Although all men may be created equal, multi-asset strategies are most certainly not, with returns from balanced, growth, moderate and flexible strategies producing wildly different outcomes during the COVID-19 sell-off. In its latest report, Morningstar ...

Chief economist update: Great Scott! Mighty Mo to the rescue

BENJAMIN ONG  |  TUESDAY, 31 MAR 2020
I would have described him as 'super', but I've already used that moniker in reference to former European Central Bank (ECB) president Marion Draghi when he did "whatever it took" to save the splintering of the single currency region from ...

Chief economist update: A sensationalised version of the flu?

BENJAMIN ONG  |  FRIDAY, 28 FEB 2020
"Is this the real life? Is this just fantasy? Caught in a landslide, No escape from reality." - Queen, Bohemian Rhapsody Yes Virginia, you'll be exclaiming "mama mia, mama mia" too when you see the red inks splattered by equity markets everywhere. ...

Costs spiral for baby boomers

ALLY SELBY  |  TUESDAY, 18 FEB 2020
Aussie retirees will have to fork out an extra $1292 a year to live comfortably, and they have the drought and rising house prices to blame. The Association of Superannuation Funds of Australia (ASFA) found that over the year to the December quarter ...

AustralianSuper ups admin fees

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
AustralianSuper will introduce a new fee for MySuper members from April 2020 to offset the impact of the Protecting Your Super changes. Effective April 1, AustralianSuper's members will start paying the 'Administration fee - Protecting Your ...

AMP remediation processes questionable

JAMIE WILLIAMSON  |  TUESDAY, 21 JAN 2020
... accounts holding $10,000 up to $49,999 are slugged 0.89% and those with more than $50,000 pay 0.65%. What's more, the fees equate to a huge chunk of the fund's returns which have been consistently low for some time. That said, the fund does have ...