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Showing 1161 - 1170 of 4750 results for "July 1997"

Malicious attacks most common in finance

ELIZA BAVIN  |  FRIDAY, 29 JAN 2021
The finance sector reported the second largest number of data breaches last year, beat out only by the health sector, according to the Office of the Australian Information Commissioner (OAIC). The Notifiable Data Breaches Report found the finance sector ...

NAB swallows up neobank

ELIZA BAVIN  |  FRIDAY, 29 JAN 2021
Just weeks after the downfall of Xinja, Neobank 86 400 has announced plans to join the NAB Group in a $220m acquisition. Founded by Cuscal, a Sydney-based IT service management company, and led by chief executive Robert Bell, 86 400 launched the mobile-led ...

Chief economist update: Inflation lifted by smokers with young children and homebuilders

BENJAMIN ONG  |  THURSDAY, 28 JAN 2021
Australia's consumer prices continue to recover from the 1.9% drop in the June 2020 quarter - the largest quarterly fall in the 72 year history of the CPI. However, the Australian Bureau of Statistics reported that the country's headline inflation ...

Family home dominates adviser conversations

KARREN VERGARA  |  MONDAY, 25 JAN 2021
Investment and retirement strategies around the family home were hot topics for financial advisers' clients in 2020. BT financial advisers' December 2020 quarter survey found clients continue to query advisers about their eligibility for the ...

Perpetual reports $2.7bn in net outflows

KANIKA SOOD  |  FRIDAY, 22 JAN 2021
Perpetual's strategies saw $2.7 billion in net outflows in the December quarter, taking its total assets to $89.2 billion. The outflows were primarily from the institutional channel at $2.6 billion, while about $700 million came out of the intermediary ...

Super concerns over legislation: Schroders

ANNABELLE DICKSON  |  FRIDAY, 22 JAN 2021
Superannuation funds are making changes to investment portfolios ahead of the Your Future, Your Super legislation which in turn could lead to more volatility and less diversification for members. Speaking at a media briefing, Schroders head of distribution ...

APRA delays insurance in super guidance

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
The prudential regulator has released an updated draft guidance for insurance in superannuation as part of its consultation period, delaying the commencement date by six months. Several changes have been made the original document released in November ...

QIC enters private debt, hires from AMP Capital

KANIKA SOOD  |  WEDNESDAY, 20 JAN 2021
QIC has hired AMP Capital's former head of global infrastructure debt, as it enters a new asset class in private debt. Andrew Jones will join QIC as its head of private debt, effective February 1. He will report to QIC chief executive Damien Frawley. ...

Xinja returns deposits

ANNABELLE DICKSON  |  WEDNESDAY, 20 JAN 2021
The neobank has become the first Australian bank to return its customer deposits after it withdrew its banking products and announced the return of its authorised deposit-taking institution (ADI) licence. The Australian Prudential Regulation Authority ...

Industry fund operations chief exits

KARREN VERGARA  |  MONDAY, 18 JAN 2021
The former chief operating officer of WA Super has left following the superannuation fund's merger with Aware Super. Paul Owen joined WA Super in 2006 and after seven years moved into the client services role, where he was responsible for managing financial ...