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Showing 1141 - 1150 of 4546 results for "October"

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... expects the bank to break even from FY22. Bell Porter says opportunity bigger than it seems According to APRA statistics at October end, the bank had $166 million in total resident assets. By this measure, it is the third-smallest ADI of the roughly ...

HUB24 finds new role for Paragem lead

ELIZA BAVIN  |  MONDAY, 21 DEC 2020
... managing director of Easton Investments commencing at the completion of the sale of Paragem. As previously announced in October 2020, HUB24 agreed to make a proportional takeover offer for one in every three fully paid ordinary shares of Easton held ...

Chief economist update: Government spending made money, saved money

BENJAMIN ONG  |  FRIDAY, 18 DEC 2020
... economy. The Federal Treasury now sees GDP expanding by 0.75% in 2020-21 instead of the 1.5% contraction foreseen in the October Budget. However, the following fiscal year's growth rate was revised lower to 3.5% from the 4.75% predicted in October. ...

AIA to launch income protection product

KARREN VERGARA  |  WEDNESDAY, 16 DEC 2020
... director Damien Mu said the insurer wanted to take initiative prior to the new product design obligations, which from October 2021, will affect retail income protection providers. IP CORE aligns with APRA's guidance on product features that will ...

Australia in China's shadow

BENJAMIN ONG  |  WEDNESDAY, 16 DEC 2020
... Industrial production strengthened to 7.0% in the year to November - the fastest annual growth rate in 20 months from 6.9% in October. Likewise, November figures show the annual growth in fixed asset investment picked up by 2.6% in November, strengthening ...

Key AMP executive resigns

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... super, and led Plum Financial Services and MLC group insurance. When AMP announced the restructure of its business units in October 2019, combining the banking and wealth management functions, managing director of wealth products and platforms Rod Finch ...

Departure at Perpetual small caps team

KANIKA SOOD  |  TUESDAY, 15 DEC 2020
... as Perpetual handed over the management of strategies in the asset class to Barrow Hanley, and analyst Nick Vidale. In October, Perpetual Private lost its head of multi-manager Theo Sofios also left. On product front, it has axed geared investment options ...

Personal finance app retires Australian business

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... banks could share data relating to home, investment and personal loans, and joint accounts at the request of customers. In October, the rules were amended to include intermediaries like outsourced IT infrastructure and software providers. Unlike the ...

Magellan launches funds on Chi-X

ELIZA BAVIN  |  TUESDAY, 15 DEC 2020
... ESG investments," Jokovic said. Chi-X has had several funds and ETFs launched this year, having only opened trading in October 2019. Among them are, Kapstream's Return Income Fund, the eInvest Cash Booster and Core Income funds, Schroders Absolute ...

Regulators alert trustees of new obligations

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... members. Rowell said she expects trustees to have progressed well in completing their first BPR. The DDO will commence on 5 October 2021 but significant preparation is needed by RSE licensees ahead of this date, Press warned. These obligations apply ...