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Showing 1531 - 1540 of 7034 results for "December"

Chief economist update: Yuan the victim of China's success

BENJAMIN ONG  |  FRIDAY, 15 JAN 2021
... Despite the yuan's sharp appreciation, Chinese exports jumped by 18.1% to a fresh record high of US$281.9 billion in December 2020, mainly supported by increased demand for protective equipment and working from home products. This should continue ...

Bad year for super funds

KANIKA SOOD  |  THURSDAY, 14 JAN 2021
... year, while only 33 had a positive year, according to APRA's fund-level data for the year ended June 2020, released in December. APRA calculated superannuation funds' net earnings by subtracting their spending on investment expenses, administration costs ...

Bell Financial Group profits up 44%

KANIKA SOOD  |  THURSDAY, 14 JAN 2021
... Financial Group this morning said its net profit after tax for 2020 increased 44% to $46.7 million for the year ending December. The unaudited results precede the results announcement coming in February. Revenue increased 18% to $299 million. Earnings ...

IFM impersonated in scam

ELIZA BAVIN  |  THURSDAY, 14 JAN 2021
... an even higher premium to its market value, and to other funds' valuations of the same shares, than it did as of December 31, 2018." An IFM spokesperson told Financial Standard : "These allegations are false and as these matters are the subject of ...

MLC Life appoints executive

KANIKA SOOD  |  WEDNESDAY, 13 JAN 2021
... by disagreements on terms of the transition. Nippon in its recent statement said it injected capital into MLC Life in December 2019 [$290 million] and June 2020 to ensure the business's soundness and support execution of their business plan. MLC ...

Legacy pensions score win

KARREN VERGARA  |  WEDNESDAY, 13 JAN 2021
... change was announced in the federal government's mid-year economic and fiscal outlook (MYEFO), which was released last December. Retirees with legacy products, who were previously unable to commute amounts exceeding their transfer balance cap, will be ...

Praemium sees benefits of scale

ELIZA BAVIN  |  WEDNESDAY, 13 JAN 2021
Praemium saw a sharp rise in the December quarter as a result of its acquisition of Powerwrap, showcasing the benefit of increased scale. The platform saw a 69% increase year-on-year in global funds under administration (FUA), lifting the business to ...

ASIC cancels stockbroker AFSL

ANNABELLE DICKSON  |  WEDNESDAY, 13 JAN 2021
... Federal Court of Australia and the High Court of New Zealand in respect to the distribution of client funds wrapped up on December 9, with the judgement yet to be handed down. KPMG said it will take at least six months for distributions to be made due ...

Chief economist update: COVID with a vengeance

BENJAMIN ONG  |  WEDNESDAY, 13 JAN 2021
Brexit is over. But even before the UK and the EU shook hands on the post-Brexit trade and cooperation pact on 24 December 2020 and before the ink on the signatures of European Commission President Ursula von der Leyen, European Council President Charles ...

AustralianSuper breached member's privacy: Regulator

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
... regulator found the fund interfered with their privacy. The Office of the Australian Information Commissioner (OAIC) on December 16 delivered a judgement on a complaint that an AustralianSuper member filed over three and a half years ago. The member ...