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Showing 1191 - 1200 of 3550 results for "October 2002"

Super funds to crack 13% by year end, retail leading

KANIKA SOOD  |  THURSDAY, 5 DEC 2019
Superannuation funds are on their way to deliver 13% for the calendar year, and so far retail funds are outstripping industry funds' MySuper returns by 1.8%. The MySuper Index from SelectingSuper returned 10.9% for the 12 months to October end ...

Chief economist update: Chinese green shoots?

BENJAMIN ONG  |  MONDAY, 2 DEC 2019
... sure, other indicators point to continued weakening in the Chinese economy. Retail sales increased by 7.2% in the year to October -- down from 7.8% in the previous month, less than market expectations for an acceleration to 7.9% and the slowest rate ...

Tasplan chief to exit, merger confirmed

KANIKA SOOD  |  FRIDAY, 29 NOV 2019
The chief executive of $10 billion Tasplan Super is set to exit the fund, as Tasplan and MTAA Super commit to merge on October 2020. Current Tasplan chief executive Wayne Davy will stay on until the merger date. However, starting next October, MTAA ...

CommInsure cops $700k hawking fine

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
CommInsure has been fined $700,000 after pleading guilty to hawking offences. The Colonial Mutual Life Assurance Society - a Commonwealth Bank subsidiary trading as CommInsure - has been convicted of 87 counts of offering to sell insurance products ...

Chief economist update: Weaker yen strengthening Japan

BENJAMIN ONG  |  THURSDAY, 28 NOV 2019
Apart from underwriting improved growth in the Japanese economy, the yen's depreciation should help in the Bank of Japan's (BOJ) efforts to bring inflation up to its 2% target. Look ma, no hands! "Merkurisumasu, soshite, akemashite omedet?!" ...

ASIC outlines Code of Ethics expectations

ELIZA BAVIN  |  TUESDAY, 26 NOV 2019
The Australian Securities and Investment Commission has outlined what it expects of advice licensees in regards to enforcing the Code of Ethics, saying it will not monitor or enforce individual advisers' compliance. The regulator said under the Corporations ...

Retail fund swaps out K2

KANIKA SOOD  |  MONDAY, 25 NOV 2019
A $47 billion retail superannuation fund has dropped a K2 Asset Management Aussie equities fund for another manager's offering. The K2 Australian Absolute Return Fund managed $46.8 million on behalf of AMP Superannuation Trust and other AMP clients ...

Boutique portfolio manager to retire

KANIKA SOOD  |  FRIDAY, 22 NOV 2019
A Sydney small caps boutique has appointed a new co-portfolio manager, as its founder and chief investment officer announces his retirement plans. Frank Villante will retire from Celeste Funds Management in November 2021. As a result, Celeste is promoting ...

Life risk insurance not profitable: KPMG

HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
Profitability in life risk insurance has dropped to the extent that the sector is now loss-making in aggregate, according to KPMG. The global consultant's analysis of the financial results of Australia's life insurers shows the sector made an ...

MLC hires from Perpetual Private

KANIKA SOOD  |  THURSDAY, 21 NOV 2019
MLC Asset Management has appointed a director for its managed accounts business, hiring a Perpetual Private general manager. Jason Komadina starts as MLC's managed accounts lead on 29 January 2020. He will report to general manager for strategic ...