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Showing 1771 - 1780 of 7035 results for "December"

COVID-19 deepens life insurer losses

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
... performance continues to worsen," APRA said in a statement. "This deterioration was caused by poor results in both the December and March quarters, driven by the poor performance of risk business...and a substantial collapse in investment revenue owing ...

Grow Super co-founder in alleged betting scandal

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAY 2020
... expect to finalise the divestment by early 2020 through a successor fund transfer," Wilson told Financial Standard in December last year. The spokesperson for Grow added that current clients and client activity are now being led by Mathew Keeley as managing ...

IOOF to provide fee relief to adviser network

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... of 60 hours of pro bono work over the three-month period. The fee relief for advisers will be provided from October to December 2020 after IOOF receives validated pro bono records. In addition, IOOF is has developed an easy to navigate website Hub, which ...

Chief economist update: Eurozone contraction heads from mild to severe

BENJAMIN ONG  |  THURSDAY, 28 MAY 2020
... given the sharp 3.2% (year-on-year) drop in Eurozone GDP in the March 2020 quarter that followed a 1.0% growth in the December 2019 quarter. Despite the recent improvement in the IHS Markit Eurozone PMI surveys -- composite PMI increased to a preliminary ...

Super escapes COVID-19 hit

HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
... SelectingSuper MySuper and Default performance index over the same period. Barely inches from touching the $3 trillion mark in December, the super system is now smaller than it was in the first quarter of 2019, with $227 billion - more than a year's ...

Adviser banned for five years

ELIZA BAVIN  |  TUESDAY, 26 MAY 2020
... Australia Bank, from January 2012 to November 2012. He was then licensed by AMP Financial Planning for one month from December 2012 to January 2013. He was with Chubb Insurance Australia from January 2013 to June 2013, followed by Meritum Financial Group ...

Chief economist update: Japan reopens for business

BENJAMIN ONG  |  TUESDAY, 26 MAY 2020
... soon enough for an economy that's now in deep recession. Japanese GDP plunged at an annualised rate of 7.3% in the December quarter - as private spending tanked after the government lifted the consumption tax from 8% to 10% in October 2019 - the ...

IOOF settles class action

JAMIE WILLIAMSON  |  MONDAY, 25 MAY 2020
... duties as superannuation trustees. The action was on behalf of shareholders who bought stock between 27 May 2015 and 6 December 2018 who saw the stock price fall by 35% when APRA launched legal proceedings against IOOF and five directors in December ...

Fidante adds to London office

KANIKA SOOD  |  FRIDAY, 15 MAY 2020
... up costs following the closure, Financial Standard first reported. Fidante's half year results for the period ending December 2019 said its income margin slipped marginally from 16 bps in 1H19 to 15 bps in 1H20, impacted by lower Europe transaction f ...

Hedge funds rally in April, but YTD still bleed red

ALLY SELBY  |  WEDNESDAY, 13 MAY 2020
... month. However, they are one of the biggest performance losers for the year, the database found, losing 12.03% since December 31. Similarly, emerging markets-focused funds returned 6.17% during the month, however, since the beginning of the year are ...