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Showing 1371 - 1380 of 3676 results for "Maintain"

Franklin Templeton to acquire Legg Mason

JAMIE WILLIAMSON  |  WEDNESDAY, 19 FEB 2020
... all-cash consideration will be funded from the company's existing balance sheet cash. Franklin Templeton expects to maintain a robust balance sheet, with the transaction designed to preserve its financial strength and stability allowing further growth ...

SSGA slashes ETF fee

HARRISON WORLEY  |  MONDAY, 17 FEB 2020
State Street Global Advisors will slash the fees of the most traded ETF in Australia. SSGA is set to make a six basis point cut to the management costs of its SPDR S&P/ASX200 ETF (STW), pushing its cost down from 0.19% p.a. to 0.13% p.a. The change ...

Problems persist with PYSP communication: ASIC

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
ASIC said that common problems have been persistent in its review of superannuation trustees' PYSP communication with members, with some trustees failing to present facts and instead focusing on member and insurance retention. The regulator launched ...

Chief economist update: Lowe puts Australia on high

BENJAMIN ONG  |  MONDAY, 10 FEB 2020
... But the "rebuilding effort is expected to broadly offset that effect over the rest of this year," allowing the RBA to maintain its growth forecast of "2 3/4 per cent this year and 3 per cent over 2021". "This expected pick-up in growth is supported by ...

Future Fund chief to lead IFM Investors

KANIKA SOOD  |  TUESDAY, 4 FEB 2020
... members of our super fund, pension fund and institutional investors." "We have an ambitious agenda going forward - to maintain strong investment performance across our asset classes and products, continue to grow and evolve as an organisation, and to ...

Corrupt adviser banned, AFSL canned

ALLY SELBY  |  TUESDAY, 4 FEB 2020
... fairly," it said. "Smart Solutions also failed to adequately monitor and supervise its authorised representatives, and maintain competence to provide the financial services covered by its licence." ASIC also found that Smart Solutions permitted money ...

Former dealer group chief to lead Australian Ethical

HARRISON WORLEY  |  TUESDAY, 4 FEB 2020
A former financial advice licensee head is set to lead the $3.8 billion ethical investment manager and super fund. Australian Ethical has appointed John McMurdo as chief executive and managing director, with acting chief executive Steve Gibbs set to ...

Argo Investments' profit plunges

ALLY SELBY  |  MONDAY, 3 FEB 2020
Listed investment company Argo Investments' profit has taken a dive, falling 24.4% from the previous period. Yet Argo has maintained its half-year dividend at 16 cents per share fully franked. The company announced a half-year profit of $118.8 million ...

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
... bank kept monetary policy settings unchanged at the conclusion of its January FOMC meeting. "The Committee decided to maintain the target range for the federal funds rate at 1-1/2 to 1-3/4 percent," it said. And that should be enough for the duration ...

Chief economist update: Turn the beat around

BENJAMIN ONG  |  THURSDAY, 30 JAN 2020
... further pressure on already lacklustre consumer spending, leading to even lower inflation as businesses offer discounts to maintain revenues, leading to low inflation and, by virtue of CPI indexation, low wage growth that keeps downward pressure on household ...