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Showing 1431 - 1440 of 6961 results for "March"

MMC acquires super fund administrator

KARREN VERGARA  |  MONDAY, 15 FEB 2021
... to expand its presence in Australia. MMC is now the owner of Brisbane-based IFAA Group after it first bought a stake in March 2020 of nearly 50%. The total consideration for both acquisitions were not disclosed. IFAA owns Superannuation Compliance Services ...

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
... government (the barber) and labour unions and Labor (shampoo makers) with regards to the JobKeeper scheme, which is set to end on March 28. The "shampoo-ers" argue that withdrawing JobKeeper "prematurely" would cause the country's unemployment to ...

Banks return $1.2bn for bad advice

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
... services, and the failure of product issuers to switch off advice fees of customers who did not have a financial adviser. In March 2017 ASIC released findings from its review highlighting how the institutions identified and dealt with non-compliant advice ...

Chief economist update: Money plus confidence

BENJAMIN ONG  |  THURSDAY, 11 FEB 2021
... Treasurer Josh Frydenberg ruled out the possibility of extending the government's JobKeeper scheme beyond the end of March this year - taking money out - in its first meeting for 2021 is virtually increasing liquidity in the system. While the RBA ...

Chief economist update: Nikkei not so fine

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... year - a very close second to the S&P500's 16.3% return - soaring by mind-blowing 64.1% from the lows plumbed in mid-March 2020. As at 9 February 2021, the Nikkei-225 index has risen by another 7.5% despite Japan extending the COVID-19 state of emergency ...

Executive shuffle at Macquarie Group

ELIZA BAVIN  |  TUESDAY, 9 FEB 2021
... Macquarie's 2021 operation briefing which highlighted the group's results in the third quarter of the financial year ending 31 March 2021. MAM had assets under management (AUM) of $550.9 billion at 31 December 2020, down 1% from September 30. During ...

ETF liquidity disappears: Morningstar

ELIZABETH MCARTHUR  |  MONDAY, 8 FEB 2021
A new report from Morningstar has explored how ETFs performed in stressed market environments during February and March 2020, revealing liquidity suffered. ETFs, despite their reputation as extremely liquid instruments, could not escape the market turmoil ...

Chief economist update: NIRP embedded in BOE forecasts

BENJAMIN ONG  |  FRIDAY, 5 FEB 2021
... recover strongly from the second quarter of 2021, towards pre-Covid levels." The BOE forecasts GDP to contract by 4.2% in the March 2021 quarter before recovering in the following three quarters to end with a 5% expansion this year and return to pre-pandemic ...

Pinnacle reports bumper first half

KARREN VERGARA  |  THURSDAY, 4 FEB 2021
... within developed and emerging markets. Shareholders will receive a fully franked interim dividend of 11.7 cents per share on March 19, which is 70% more than it paid a year ago.

Chief economist update: Oil gush

BENJAMIN ONG  |  THURSDAY, 4 FEB 2021
... to delay a further easing of cuts and Saudi Arabia surprised with an additional 1 mb/d supply reduction in February and March. The group's more proactive production restraint looks set to hasten a drawdown in the global stock surplus that got underway ...