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Showing 1171 - 1180 of 6475 results for "September"

Household wealth hits record high

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
... latest figures from the Australian Bureau of Statistics (ABS). ABS head of finance and wealth Amanda Seneviratne said the September quarter estimate surpassed the previous high of $11.24 trillion recorded in December quarter 2019. Residential assets ...

Real estate proves resilience: CoreLogic

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
... represented in this edition of the Best of the Best report as having the highest sales turnover value in the year to September." In Melbourne unit values declined 3.4% between March and September, while the total value of sales was also down 3.9% for ...

Chief economist update: Fed acts with inaction

BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
... Fed's latest economic projections, where it upgraded its GDP growth forecasts to -2.4% in 2020 (from -3.7% forecast in September), +4.2% in 2021 (from 4.0%), and 3.2% in 2022 (from 3.0%). The Fed now expects lower unemployment rates than it did three ...

AIA to launch income protection product

KARREN VERGARA  |  WEDNESDAY, 16 DEC 2020
... of pre-disablement income (PDI) in the first 24 months of claim and then pays 60% of PDI thereafter. From January to September 2021, AIA Australia will sell IP CORE alongside its existing income protection product, Priority Protection. In launching the ...

Industry fund sees 252% increase in digital advice use

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 DEC 2020
... investment choice tool was the most used by members, with 38% of interactions being with that tool. "In the nine months from September 2019 to June 2020, our digital tools were used more times than they had been in the previous two years combined," Doyle ...

Xinja ceases banking

ELIZA BAVIN  |  WEDNESDAY, 16 DEC 2020
... ensure that funds are returned in an orderly and timely manner. Xinja applied for its ADI licence back in 2017 and by September 2019 it was granted a full banking licence and was able to open bank accounts for customers. The company had raised more than ...

ASIC takes action on Union Standard

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... months later cancelled it. In the same month, BRI Ferrier was appointed as administrator. Liquidators were appointed on September 3. Shay Zakhaim was the chief executive of Union Standard, which traded as USGFX, until July when the firm went under.

ETF industry revenues revealed

KANIKA SOOD  |  TUESDAY, 15 DEC 2020
... Fund managers reaped $211 million in revenue from listing their strategies in ASX's ETF marketplace in the year to September, with BetaShares taking the biggest slice. BetaShares came out on the top, ringing up $46.8 million in revenue (or a 22% ...

Personal finance app retires Australian business

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... open banking regime has flourished, with the number of people using the functionality doubling in the six months to September 2020, Sharrott said. "Similar outcomes in Australia are possible but require a diverse range of open banking providers and the ...

ETF Securities shutters funds

ANNABELLE DICKSON  |  MONDAY, 14 DEC 2020
... (RENT) and AMP Capital Dynamic Markets Fund (Hedge Fund) (DMKT). The funds had a combined $55.3 million in assets at September end and ceased trading on December 4.