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Showing 1441 - 1450 of 3181 results for "ACTU"

Australia winning silver in APAC fintech race

ALEX BURKE  |  TUESDAY, 28 FEB 2017
Australia's finance sector ranks second among its Asia-Pacific peers when it comes to digital transformation, according to State Street research. The Asia-Pacific portion of State Street's global survey of 2000 investors and 500 investment providers ...

Pricing error shaves $2.2m off Australian Ethical profit

ALEX BURKE  |  TUESDAY, 28 FEB 2017
The cost of remediating a unit pricing error drove Australian Ethical Investments' 1H17 profits down 62% to $0.5 million. The consolidated net profit, which includes the results of the Australian Ethical Foundation, was also impacted by employment restructure ...

A good set of numbers (almost)

BENJAMIN ONG  |  TUESDAY, 28 FEB 2017
It was good. Nay, it was very good. The Australian Bureau of Statistics' (ABS) report on company profits helped explain the latest jump in the NAB survey that showed business conditions increased by 6 points to a reading of +16 in January - the highest ...

In search of that elusive Australian animal spirit

BENJAMIN ONG  |  FRIDAY, 24 FEB 2017
Yesterday's decision by the Fair Work Commission to slash Sunday and public holiday penalty rates for hospitality, restaurant, fast food, retail and pharmacy workers threw another spanner in the works for RBA Governor Philip Lowe's positive outlook ...

Active returns at their worst since 2009

ALEX BURKE  |  WEDNESDAY, 22 FEB 2017
The majority of Australian actively-managed funds in all categories underperformed their respective benchmarks in calendar 2016 - the first time this has happened since 2009. Over the 12 months to December 31, the 2016 S&P Dow Jones Indices Versus Active ...

AMP super trust adds $450m corporate fund

ALEX BURKE  |  MONDAY, 20 FEB 2017
A $450 million corporate super fund will transfer to AMP's SignatureSuper master trust. The Water Corporation Superannuation Plan represents more than 3500 members. The decision to move to AMP followed a tender process which determined SignatureSuper ...

Russell sells actuarial business

ALEX BURKE  |  FRIDAY, 17 FEB 2017
Russell Investments will sell its actuarial consulting business to a leading global advisory firm. Willis Towers Watson has entered into a definitive agreement to buy the business from Russell for an undisclosed amount, in a move that WTW described ...

Vanguard chief says embrace robo-advice

JAMIE WILLIAMSON  |  FRIDAY, 17 FEB 2017
Financial advisers need to be less concerned with business growth and more concerned with doing well for their clients. That is a key message shared by Vanguard chief executive Bill McNabb at the 2017 SMSF Association National Conference, telling delegates ...

Unadvised SMSFs ripe for advisers

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2017
About 60% of Australia's SMSFs consider themselves to be unadvised, instead receiving their education around incoming super reforms from news and social media platforms. This is a key finding of new research from the SMSF Association and Commonwealth ...

Fintech investment needs balance: APRA

EMMA RAPAPORT  |  WEDNESDAY, 15 FEB 2017
The financial services sector should not be tempted by "shiny new [fintech] toys", and must continue to invest in maintenance of core technology, says APRA chairman Wayne Byres. Speaking at the A50 Australian Economic Forum in Sydney on Friday, Byres ...