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Showing 1241 - 1250 of 6001 results for "WES"

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
The numerous weaknesses exposed in APRA's prudential inquiry into the Commonwealth Bank are apparent among life insurers and superannuation funds. The prudential regulator wrote to 36 insurers, super funds and ADIs last June off the back of its ...

Sunsuper, corporate super fund merge

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAY 2019
Sunsuper has completed another merger, integrating a 74-year-old corporate superannuation fund. CBH Super, the Perth-based corporate super fund of the CBH Group, was merged into Sunsuper on April 29. It marks Sunsuper's fourth merger in the last ...

Super funds to dominate ASX: Research

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
Superannuation fund are forecast to control more than half of the ASX in 15 years' time, new Rainmaker research shows. Super funds currently invest about $700 billion in ASX-listed companies, representing nearly a 40% stake of the index and growth ...

CBA down, industry up for employment

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
New research by Randstad has revealed the Commonwealth Bank is a much less attractive employer this year than it was last year, but the financial services industry as a whole has held steady in its ability to attract new employees. The Randstad research ...

NZ$5 trillion investor group supports Christchurch Call

ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
NZ Super's initiative to pressure social media companies and governments to eliminate terrorist content online has achieved a new milestone, reaching NZ$5 trillion in assets under management and throwing its weight behind a new movement. At a summit ...

Chief economist update: Low unemployment, low wages growth conundrum

BENJAMIN ONG  |  THURSDAY, 16 MAY 2019
"Annual wages in seasonally adjusted terms grew 2.3% for the third quarter in a row. The main contributors to growth over the quarter were regularly scheduled wage rises in the health care and social assistance and education and training industries ...

TCorp appoints general manager

KANIKA SOOD  |  WEDNESDAY, 15 MAY 2019
TCorp has hired Commonwealth Bank's long-standing head of debt markets. Simon Ling is joining TCorp as its general manager, financial markets. TCorp chief executive David Deverall said: "I'm delighted to welcome Simon to the executive team and I am ...

Call for super funds to divest gambling interests

ELIZABETH MCARTHUR  |  FRIDAY, 10 MAY 2019
Australian Ethical has launched a new campaign to try to prompt Australians to consider whether they like the idea of their superannuation savings funding the gambling industry. Australian Ethical research found some of Australia's largest super ...

Financial advice drags BTFG results

KARREN VERGARA  |  MONDAY, 6 MAY 2019
BT Financial Group has farewelled a number of its advisers over the last six months as the group continues to offload its loss-making financial advice arm, its latest interim results show. BTFG has reduced its financial planning workforce by about 28% ...

Westpac profits down 24%, dividend flat

KANIKA SOOD  |  MONDAY, 6 MAY 2019
Westpac profits plunged 24% in the first half to $3.13 billion, as cash earnings fell across four of the group's five business divisions. "This is a disappointing result reflecting weaker business conditions and the bank dealing decisively with outstanding ...