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Showing 1321 - 1330 of 4160 results for "April"

Chief economist update: The outlook for Australia, according to COVID-19

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2020
... Composite PMI for Australia (that was released on the same day as the RBA's Board meeting) to a record low of 21.7 in April from 39.4 in the previous month -- as both manufacturing (down to 45.6) and services (down to 19.5) contracted at their fastest ...

MySuper bounces back

HARRISON WORLEY  |  TUESDAY, 5 MAY 2020
... strongly in the wake of COVID-19, with Rainmaker's SelectingSuper MySuper index recording an average return of 2.2% across April. The April monthly result is the best since June last year, and shows that despite facing extreme difficulties, MySuper ...

Super fund delays successor fund transfer

KANIKA SOOD  |  TUESDAY, 5 MAY 2020
... to the new fund chosen by its board, Mercer, citing COVID-19. A spokesperson for AMP said the transfer was completed on April 28. Late last month, QSuper and SunSuper delayed their merger saying due diligence was tougher while while staff are working ...

ERS shaves $4m off Raiz Super

ALLY SELBY  |  TUESDAY, 5 MAY 2020
... Funds under management in Raiz Invest Super fell 6.7% over the past three months, however, it was up 0.3% in the month of April. Over the month of April, FUM in the investment platform's super offering lifted from $66.25 million to $66.43 million. Its ...

Former AFSL director banned

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
... Australian Appeals Tribunal (AAT) in March this year for a review and stay of ASIC's decision to cancel its licence. In April, the AAT granted a stay of ASIC's decision to cancel the AFSL until it reviews ASIC's decision. The ATT said this order was ...

Chief economist update: Eurozone good news to get worse before it gets better

BENJAMIN ONG  |  TUESDAY, 5 MAY 2020
... 3.3% year-on-year. The drop in the flash estimate of the IHS/Markit Eurozone composite PMI to an all-time low of 13.5 in April from 29.7 in March suggests that the second quarter is off to a bad start. Even worse, the region's preliminary manufacturing ...

Unemployment already over 15%: Roy Morgan

KANIKA SOOD  |  MONDAY, 4 MAY 2020
April unemployment data released by Roy Morgan today paints a far gloomier picture of Australia's workforce than the Australian Bureau of Statistics' latest data from March. Roy Morgan found 15.3% of the workforce (2.16 million people) were unemployed ...

Pendal appoints new head of HNW distribution

KANIKA SOOD  |  MONDAY, 4 MAY 2020
... after Pendal Group's sales and relationship management for the HNW channel, including family offices. He started on April 20. Lee has about 20 years of experience, including, seven at Macquarie Group as an equities analyst in Sydney and London and ...

Chief economist update: No escaping the inverted yield curve

BENJAMIN ONG  |  MONDAY, 4 MAY 2020
... Zealand, India, Italy, Spain, Germany, Greece, Iran and Saudi Arabia. China, of course, ended its lockdown weeks earlier (7 April). While unlocking lockdowns prematurely could prompt a resurgence in new infections, it couldn't be denied that the ...

Early release of super numbers revealed

ELIZABETH MCARTHUR  |  MONDAY, 4 MAY 2020
... paid after approval being just 1.6 business days. Hostplus told Financial Standard as at close of business on Friday, 24 April 2020, it had received 84,613 claims under the ERS scheme. The fund has paid out a total of $603 million so far, with an average ...