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Showing 1331 - 1340 of 4123 results for "Nov"

Chief economist update: Aussie employment rises... but so does our unemployment rate

BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
The Australian Bureau of Statistics' (ABS) reported that the economy added 13,500 jobs in January - more than market expectations for an increase of 10,000 - with the creation of 46,200 full-time positions more than offsetting the termination of ...

Westpac forks out $80m for AUSTRAC scandal

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
Westpac said it expects $80 million in additional expenses in FY20 as parts of its response plan in relation to the AUSTRAC scandal. The bank provided a company update to the ASX, in which it outlined its progress on its response plan for the AUSTRAC ...

CommInsure income protection off the menu

ELIZABETH MCARTHUR  |  TUESDAY, 18 FEB 2020
AIA Australia, which now owns CommInsure Life, has announced that CommInsure Protection products will cease accepting new business from 31 March 2020. AIA said the move to streamline its retail advised life risk business is the next step in its integration ...

AIA income protection premiums jump

ELIZABETH MCARTHUR  |  FRIDAY, 14 FEB 2020
Premiums for retail income protection policies with insurer AIA have climbed substantially over the last two years. One AIA Priority Protection policy sighted by Financial Standard had a 27% increase from 2018 to 2019 and then a 32% increase from 2019 ...

Macquarie quietly rolls out low-cost platform menu

HARRISON WORLEY  |  FRIDAY, 14 FEB 2020
Macquarie recently launched a new low-cost investment menu to its Wrap platform, designed to help financial advisers provide high-quality investment options to clients with simpler investment needs. Macquarie's multi-year effort to reset its platform ...

AustralianSuper secures corporate mandate

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
Australia's largest super fund is the new default superannuation provider for an ASX 200 company with over 1200 employees. AustralianSuper Select is now the default fund for McMillan Shakespeare Group, effective February 1. McMillan Shakespeare ...

AMPFPA action progresses, associations merge

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2020
The AMP Financial Planners Association is anticipating a class action to be filed on behalf of its members later this month, as it gears up to merge with the Hillross Advisers Association. Speaking to Financial Standard, AMPFPA chief executive Neil ...

Pendal cuts fees on equities fund

KANIKA SOOD  |  TUESDAY, 11 FEB 2020
Pendal has dropped the fees on a $334 million global emerging markets equities fund by 22bps. The Pendal Global Emerging Markets Opportunity Fund lowered its issuer fees from 1.40% per year to 1.18% per year, effective last Thursday. The fund is managed ...

ISA demands pull Combet from ME Bank

HARRISON WORLEY  |  MONDAY, 10 FEB 2020
Former politician Greg Combet has retired from the board of ME Bank, as his commitments to industry super heat up. Combet is departing the industry fund-owned bank after five years on the board, which commenced in November 2014. The former Labor minister ...

Most complained about super funds revealed

JAMIE WILLIAMSON  |  FRIDAY, 7 FEB 2020
Analysis of AFCA complaints data regarding the most complained about superannuation funds in the body's first eight months of operation shows an almost even split between industry and retail funds. AFCA started operating on 1 November 2018 and data ...