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Showing 1101 - 1110 of 5508 results for "September 19"

AMP, former employee settle

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
AMP and former employee Larissa Baker Cook have settled for an undisclosed amount, a month before the matter was scheduled for trial. Cook last October filed a claim in the Federal Court alleging AMP dismissed her unfairly after she raised concerns ...

Funding for housing to decrease

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
The government announced it would increase funding in housing and community amenities by 32.2% in 2020-21, but will then reduce that spending by 35.5% by 2023-24. It said the decrease will be primarily driven by the ending of the COVID-era HomeBuilder ...

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% ...

ERS extension flagged, criticised

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
Industry Super Australia (ISA) has called for the end of the government's Early Release of Super scheme after Senator Jane Hume signaled the possibility of a third tranche. The assistant minister for superannuation flagged the possibility last night ...

Chief economist update: Winter of Europe's discontent

BENJAMIN ONG  |  TUESDAY, 6 OCT 2020
... the latest IHS Markit Eurozone PMI survey. The composite index dropped back to a three-month low reading of 50.1 in September - the second consecutive month of decline. Manufacturing activity continued to expand - 53.7 in September from 51.7 in August ...

ANZ fined $10m

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
ANZ will pay $10 million in penalties for unconscionable conduct after the Federal Court found it breached its obligations as a financial services licensee. Between August 2003 and September 2015, it was found ANZ charged certain fees to personal and ...

Vanguard to cull institutional mandates

KANIKA SOOD  |  FRIDAY, 2 OCT 2020
The investing giant will wind up mandates with 12 local institutional investors, as it pivots away from the lower-fee business line to retail, adviser and its in-house super offering. Vanguard will discontinue special mandates but still allow them in ...

VFMC chief joins ING board

KANIKA SOOD  |  FRIDAY, 2 OCT 2020
The Victorian-government-owned fund manager's chief has joined the board of ING. Lisa Gray was appointed a non-executive director on ING Australia's board on September 21. She has 30 years of experience with senior executive roles at NAB, MLC, Plum ...

New chair of CPA Australia

ELIZABETH MCARTHUR  |  THURSDAY, 1 OCT 2020
CPA Australia, the nation's leading accounting body with more than 166,000 members, has appointed a new president and chair. Two deputy presidents have also been appointed. Merran Kelsall has been elected president and chair of CPA Australia, succeeding ...

Industry fund doubles down on fee cuts

ELIZA BAVIN  |  THURSDAY, 1 OCT 2020
An industry super fund has announced another fee reduction for members, marking the third cut in two years. Vision Super chief executive Stephen Rowe said the fund's focus on cost reductions has allowed it to steadily reduce member fees over the last ...