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Showing 1561 - 1570 of 8418 results for "Big"

Pension fund suffers $235bn loss

JAMIE WILLIAMSON  |  MONDAY, 6 JUL 2020
The world's largest pension fund posted a record quarterly loss and a negative return of more than 10% to March end, it has reported. Japan's Government Pension Investment Fund lost 17.71 trillion yen, or $237 billion, in the three months to ...

AMP should stop whining: Slater and Gordon

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... back." He added that he thinks the Liberal government's inquiry into class actions is being driven by a business lobby and that big business doesn't want to have to worry about customers taking them to court. "AMP charged dead superannuation customers ...

Super reform should happen, but not now: Grattan

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
The Grattan Institute has warned that now is not the time to enact sweeping reforms as the nation battles the economic effects of the COVID-19 pandemic. Chief executive of the Grattan Institute John Daley said policy priorities need to reflect the new ...

Cbus brings digital assets in-house

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
Cbus is working to bring all of its third party digital assets in-house, with the aim of increasing member engagement. Cbus chief technology officer Rob Pickering told Financial Standard the fund has been working on the project for over two years now. ...

Chief economist update: The All Ords' ups, downs and ups

BENJAMIN ONG  |  WEDNESDAY, 1 JUL 2020
It seemed so long ago and far away now but it was only a year ago that the All Ordinaries index broke above its all-time high recorded in 2007 before climbing to a new peak in February this year. The mood was good: The US and China have reached a trade ...

Industry super pours $19.5bn into Australian recovery

ALLY SELBY  |  TUESDAY, 30 JUN 2020
... millions into Aussie businesses, helping them rebuild and expand at a time when they need it most, Combet said. "We're already big investors, but we've got much more planned that will not only grow our members' balances but generate jobs and economic ...

ERS figures hit $17 billion

ELIZABETH MCARTHUR  |  MONDAY, 29 JUN 2020
The latest round of APRA data has revealed that $17.1 billion in early release of super (ERS) applications have now been paid. Billions are being withdrawn each week, despite COVID-19 restrictions easing in most Australian states. Last week $15.9 billion ...

OneVue scores admin mandate

KANIKA SOOD  |  MONDAY, 29 JUN 2020
Amid the Sargon kerfuffle and an acquisition bid, OneVue has managed to snag its single biggest client in its managed funds administration business. Australian Unity Wealth & Capital Markets (AUWCM) has signed a five-year outsourced managed fund administration ...

Investors turn to China-focused strategies

ALLY SELBY  |  MONDAY, 29 JUN 2020
New research reveals investors are increasingly using dedicated China equity strategies for alpha generation, with the market turmoil of 2020 showcasing the country's diversification characteristics. In the first quarter, the MSCI Emerging Markets ...

Former BMO head joins big four executive line-up

ALLY SELBY  |  MONDAY, 29 JUN 2020
... relocate to Australia, after he nabbed a role as the group executive of business and private banking at one of the country's big four banks. Andrew Irvine has been appointed in the role at National Australia Bank, and is expected to start with the bank ...