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Showing 1671 - 1680 of 5916 results for "March 31"

Industry fund boss exits

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
The chief executive of a $6 billion industry superannuation fund is stepping down, with his successor named. Graeme Russell will walk away from the top job at Media Super on April 6, after more than seven years with the industry super fund. Russell ...

Chief economist update: Lock us down Scotty!

BENJAMIN ONG  |  TUESDAY, 24 MAR 2020
Think your 30-50% year-to-date loss in your equity portfolio is bad? Just wait until all buyers disappear, consumed by a tiny speck of micro-organism. Remember Murphy's Law? "Anything that can go wrong will go wrong". Monetary and Keynesian stimulus ...

AMP director retires

ALLY SELBY  |  MONDAY, 23 MAR 2020
AMP has announced the retirement of another director, as the beleaguered financial services powerhouse continues to shake-up its board as part of a three-year transformational strategy. Andrew Harmos will retire from AMP on May 8 to dedicate his time ...

AFSL suspended by ASIC

ALLY SELBY  |  MONDAY, 23 MAR 2020
A Queensland-based financial services provider has had its AFS licence suspended, impacting close to 20 financial advisers. ASIC has suspended the AFS licence of Longhou Capital Markets for three months, expiring June 12 this year. It follows the appointment ...

Chief economist update: What happens in China...

BENJAMIN ONG  |  MONDAY, 23 MAR 2020
Slowly but surely, the wheels of industry - even social life itself - are grinding to a halt. If not for the invention of the internet and various apps, there wouldn't be any commerce or even virtual social interaction that would be taking place ...

Platforms maintain cash rate on RBA cut

ALLY SELBY  |  FRIDAY, 20 MAR 2020
Netwealth and HUB24 have kept interest rates on cash accounts at 0%, following the Reserve Bank of Australia's rate cut of 25bps on Thursday. Both platforms confirmed the decision to maintain rates at 0%. "Nothing has changed since last week for ...

Super fund calls social media companies to action

ELIZA BAVIN  |  FRIDAY, 20 MAR 2020
NZ Super has called on social media companies to do more to strengthen controls, one year on from the horrific Christchurch terror attack. Following the attack, more than one hundred global investors representing approximately US$7.5 trillion of assets-under-management ...

Low rates support some bond managers: Report

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
The fall in interest rates has supported bond managers with a longer duration stance, according to new Morningstar research revealing the performance of fixed income houses during coronavirus-induced volatility. The report said fixed income, particularly ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
AMP Life and AMP Capital have paid hefty penalties following infringement notices issued by ASIC. AMP Life paid $275,500 and AMP Capital paid $250,500. "ASIC issued the infringement notices as it considers there are reasonable grounds to believe there ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
ASIC has commenced civil proceedings in the Federal Court against Colonial First State, alleging that it engaged in misleading communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default ...