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Showing 1161 - 1170 of 4159 results for "April"

Chief economist update: Second wave turning our V into a W

BENJAMIN ONG  |  FRIDAY, 21 AUG 2020
... domestically-orientated services sector. The services PMI has sequentially improved from a record low reading of 19.5 in April this year to a three-year high of 58.2 last month as restrictions were gradually eased. Now it's back in contraction with ...

ASIC takes action against RI Advice

ELIZABETH MCARTHUR  |  FRIDAY, 21 AUG 2020
... which contained sensitive client information including identification documents. FFG did not detect the FFG breach until 16 April 2018, more than three months after it had commenced," ASIC said. In 2018, ASIC said RI Advice became aware of a cyber security ...

Super fund deputy chief departs

ELIZA BAVIN  |  THURSDAY, 20 AUG 2020
... Super next month." First State said Arnott had signalled his intention to leave at the conclusion of his contract back in April. Arnott held the role of deputy chief executive since the integration of financial planning and advice business, StatePlus ...

Chief economist update: Worse news is better news

BENJAMIN ONG  |  THURSDAY, 20 AUG 2020
... the first quarter. The latest labour market tally has the unemployment rate improving from the all-time high of 14.7% in April, but at 10.2% (in July), remains above the GFC peak of 10%. There might be more "weeping and gnashing of teeth" to come. The ...

New 'cash plus' style sovereign bond fund

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
... volatility." He said the government-backed instruments the fund invests in are highly liquid, and held up well in March and April's illiquidity. "This is only sovereign debt, not using corporate credit instruments at all. It's low risk returns and low ...

Ponzi scheme allegations levelled at Mayfair 101

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... great." Mayfair 101 launched Australian Property Bonds to fund its Mission Beach and Dunk Island developments at the end of April. The launch came after ASIC hadcommenced an investigation into Mayfair 101 and had restricted its promotion of debenture ...

ACSRF, NGS Super explore merger

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
... to a merger late last year, moved back the date of the merger from 1 October 2020 to 31 March 2021, citing COVID-19. In April, QSuper and Sunsuper delayed their merger. This story was updated at 1:17pm to add comments from NGS Super chief executive Laura ...

ERS will impact those who didn't access super: REST

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... unknown," Doyle said. "We had to ensure that we had more cash available than we thought we would need because back in March and April, we didn't know what world we were facing." Doyle said changing allocations to be higher in cash will impact funds' ...

Cash earnings fall, MLC sale pending: NAB

ALLY SELBY  |  FRIDAY, 14 AUG 2020
... higher expenses as well as a 5% lift in credit impairment charges, were buoyed by "decisive actions" taken by the bank in April to strengthen its balance sheet, McEwan said. "Our 3Q20 result is reflective of the current operating environment, characterised ...

Chief economist update: Second wave threatens an oil spill

BENJAMIN ONG  |  FRIDAY, 14 AUG 2020
... in the previous quarter. The agreement by OPEC+ at the tenth (Extraordinary) OPEC and non-OPEC Ministerial Meeting on 12 April 2020 to adjust downwards overall crude oil production by 9.7 million barrels per day - equivalent to 10% of global supply -- ...