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Showing 1101 - 1110 of 4870 results for "DIVI"

BT head of platforms departs

JAMIE WILLIAMSON  |  WEDNESDAY, 7 OCT 2020
BT has farewelled its head of platforms after close to 15 years with the business, commencing the hunt for a replacement. A spokesperson for BT has confirmed the departure of Dina Kotsopoulos, effective last week. Kotsopoulos led BT's platforms business ...

Budget commitment to aged care not good enough

ALLY SELBY  |  TUESDAY, 6 OCT 2020
Treasurer Josh Frydenberg has announced the government will commit more than $1.6 billion to provide support to the country's ageing Australians, but experts say the measures don't go far enough. The Treasurer announced the record funding would ...

NAB recruits 500 in hiring spree

ALLY SELBY  |  TUESDAY, 6 OCT 2020
National Australia Bank has hired 500 new employees to its private and business banking division, in a bid to get the "engine room of the economy firing again". It comes following the recruitment of 52 people to support NAB's private bank and 400 recruits ...

Benchmark-lagging LIC faces strategic review

ALLY SELBY  |  TUESDAY, 6 OCT 2020
A listed investment company with a 33-year history has announced its board will now undertake a strategic review of the fund's structure and operations, after an extended period of poor returns. The Templeton Global Growth Fund (ASX: TGG) returned -11.38% ...

MySuper funds redeem performance

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
MySuper funds continue to recoup coronavirus-induced losses, as the latest Rainmaker research finds default products have on average gained three out of every four dollars lost in February and March. The 2021 financial year kicked off in positive territory ...

Manipulative trading at J.P. Morgan costs it over $1bn

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
J.P. Morgan will be forced to cough up more than $1.3 billion (US$920 million) after entering into an agreement with the US Department of Justice, the US Commodity Futures Trading Commission and the US Securities and Exchange Commission. The agreements ...

Challenger loses chief financial officer

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
Challenger has commenced the search for a chief financial officer after its long-standing executive resigned. Andrew Tobin has provided six months' notice of his resignation after being with the company for over 13 years. He joined in 2007 as deputy ...

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
Commonwealth Bank has received another payment furthering the divestment of its life insurance business to AIA Group. CBA has received a payment of approximately $450 million for the sale of CommInsure Life with the proceeds resulting in a pro forma ...

Goldman Sachs appoints Australian chair

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
Christian Johnston will become the new chair of Goldman Sachs in Australia and New Zealand. According to an internal memo, Johnston will be focussed on deepening and strengthening the investment bank's relationships in Australia and New Zealand. "He ...

Low rates put retirees at risk: Vanguard

ELIZA BAVIN  |  TUESDAY, 29 SEP 2020
Retirees will need to be 100% allocated to equities and greatly elevate their portfolio risk to meet most income needs in the current low yield environment, according to Vanguard. Vanguard's latest research paper titled An enduring solution for ...