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Showing 1371 - 1380 of 2994 results for "February 2007"

IOOF updates market on ANZ wealth sale

KARREN VERGARA  |  TUESDAY, 24 APR 2018
IOOF gave shareholders an update on its ANZ Wealth acquisition in light of the banking Royal Commission. ANZ announced in September 2017 it will divest OnePath's pension and investments and four aligned dealer groups to IOOF for $975 million. IOOF's ...

Chief economist update: Australian workers, don't expect a pay rise

BENJAMIN ONG  |  FRIDAY, 20 APR 2018
... while the unemployment rate remained at 5.5% in March - in line with expectations and unchanged from the January and February - total monthly employment growth increased by just 4900 in March after shedding 6300 heads in the previous month and less than ...

Royal Commission case study: advice put retirement in ruins

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
A Westpac case study analysed by the Royal Commission has demonstrated the devastating impact of inappropriate financial advice. Providing testimony in the first case study of inappropriate advice to be explored by the Commission, former Westpac customer ...

WA Super awards admin mandate

KARREN VERGARA  |  THURSDAY, 19 APR 2018
WA Super awarded a superannuation and payroll administration mandate to a new provider. SuperChoice will provide SuperStream services to the $3.5 billion fund with 60,000 members from April. WA Super is the third super fund client SuperChoice has on-boarded ...

Suncorp names new chair

HARRISON WORLEY  |  THURSDAY, 19 APR 2018
Suncorp will welcome a new chairman in September following the retirement of Ziggy Switkowski from its board. Current board member Christine McLoughlin is moving into the chairmanship on 20 September as Switkowski retires at the annual general meeting. ...

SMSF home bias drags returns

KARREN VERGARA  |  TUESDAY, 17 APR 2018
Self-managed super funds' home bias dragged returns for the sector in the 12 months to February, latest SuperGuard 360 research shows. According to the SG360 SMSF Reference Index, SMSFs generated a 5.5% return (before fees and tax) - well below the ...

Chief economist update: Back to the shops

BENJAMIN ONG  |  TUESDAY, 17 APR 2018
... in the month of March following three consecutive months of declines - 0.1% in December, -0.2% in January, -0.1% in February - that took the annual growth rate up to 4.5% from 4% in the previous month. The details of the report show that the bulk of ...

Vanguard launches two active factor ETFs

ALEX BURKE  |  MONDAY, 16 APR 2018
Vanguard will list its first active exchange-traded funds for Australian investors on the ASX tomorrow. The first of the two new ETFs is Global Value Equity (ASX: VVLU), and invests in global equities with value characteristics. The second, the Global ...

AMP admits to serious misconduct in RC submissions

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
AMP has acknowledged hundreds of instances of misconduct in relation to the provision of financial advice between 1 January 2008 and 30 June 2015. In opening the Royal Commission's inquiry into financial advice today, Senior Counsel Assisting Rowena ...

Royal Commission must cast net wider

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
The next fortnight will see the Royal Commission grill some of Australia's biggest providers of financial advice, albeit with some noticeable absences. During the Commission's second round of hearings the big four banks and AMP will appear, as will ...