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Showing 1231 - 1240 of 3875 results for "August"

Chief economist update: Has the Fed conquered the yield curve?

BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
... year......and the probability of a US recession 12 months into the future has come down to 24.6% from a 12-year high of 38% in August this year. But take a second look. The turn in the US yield curve from negative to positive (in 1990, 2001 and 2008) ...

Chief economist update: Businesses remain unmoved by low rates

BENJAMIN ONG  |  WEDNESDAY, 11 DEC 2019
... can't make it drink" after cutting the official cash rate from 4.75% in 2011 to what was then the record low of 1.5% in August 2016." The recent NAB Business Survey indicates that RBA Governor Lowe still can't make the horse drink. The NAB survey ...

FASEA adds adviser representative to board

JAMIE WILLIAMSON  |  TUESDAY, 10 DEC 2019
... been appointed as a part-time director to the FASEA board, effective this week. Hamilton replaces Rowe who resigned in August to focus on his increasing workload at CountPlus. This appointment is in addition to Hamilton's board directorship on the Professional ...

CFS culls grandfathered commissions, slashes fees

KANIKA SOOD  |  FRIDAY, 6 DEC 2019
... it trimmed its platform fees. This included lowering the investment management fees for lifestage MySuper products. In August, it halved the maximum trail commissions that advisers could collect for its nil-entry-fee (NEF) options that started in 2001. ...

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

KANIKA SOOD  |  THURSDAY, 5 DEC 2019
... returns by 1.8%. The MySuper Index from SelectingSuper returned 10.9% for the 12 months to October end, which is similar to August 2018 levels. But more importantly, the index is on track to approach returns last seen six years ago (in 2013), as the ...

Fee cuts at super fund

KANIKA SOOD  |  MONDAY, 2 DEC 2019
... increase in the FUM," Gibbs said. Gibbs is currently also the acting chief executive, after Phil Vernon left the company in August after nearly nine years. Gibbs said the process of appointing a permanent replacement chief executive is still underway ...

Chief economist update: Weaker yen strengthening Japan

BENJAMIN ONG  |  THURSDAY, 28 NOV 2019
... manufacturing activity has bottomed. As such, the VIX index - the fear gauge - has dropped from this year's high of 24.59 in August to a reading of 11.75 overnight. This was around the same time as the yen reached this year's high of ¥105.08 ...

Dover, McMaster found guilty

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2019
... section 12DA. A further hearing is to be scheduled in regards to pecuniary penalties. Dover's AFSL was cancelled on 1 August 2018, following a letter from McMaster to ASIC requesting the immediate cancellation on July 6.

Boutique portfolio manager to retire

KANIKA SOOD  |  FRIDAY, 22 NOV 2019
... business previously owned by Pacific Current Group, taking the firm's equity to a 90% ownership by the investment team. In August this year, it signed an exclusive retail distribution agreement with Zurich Investments. The Celeste Funds Management's ...

IFM to spend $25bn on Aussie infrastructure

KANIKA SOOD  |  FRIDAY, 22 NOV 2019
... Botany, Kembla). "The new investment aligns with a recent exhortation from Australian Treasurer Josh Frydenberg, who in August called for such measures in preference to share buybacks and special dividends," IFM said. The $2.5 billion average spend is ...