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Showing 161 - 170 of 3827 results for %22AMP%22

Reserve Bank raises cash rate to 3.85%

JAMIE WILLIAMSON  |  TUESDAY, 2 MAY 2023
The Reserve Bank of Australia (RBA) has opted to increase the cash rate target to 3.85%. Meeting today, the RBA board chose to go with a 25 basis point increase, and also increased the rate paid on Exchange Settlement balances by 25 basis points to ...

RBA verdict on knife edge: Economists split

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... However, leading economists cautioned Australians not to discount the possibility of further rate hikes throughout the year. AMP chief economist Shane Oliver said: "Inflation has now peaked and is falling a bit faster than the RBA expected. Although ...

Venture capital rout rattles advice technology sector

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... of venture capital funding is drawing to an end. Creativemass, a financial services software provider used by the likes of AMP and Bombora Advice, went into voluntary administration on March 15, and was scooped up by liquidators HoganSprowles. Creativemass' ...

Biggest super funds face human rights complaints

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... economic rights, as well as the failure to obtain free, prior, and informed consent. Complaints were also sent to the trustees of AMP, Australian Retirement Trust, Aware Super, Brighter Super, BT, Cbus, Colonial First State, Commonwealth Superannuation ...

MAX Awards 2023: Get voting

CASSANDRA BALDINI  |  MONDAY, 24 APR 2023
... of the Year. Finalists this year include Allianz Retire+, Betashares, Praemium, MLC Life, Charter Hall, Australian Ethical, AMP, Australian Retirement Trust, and QIC. Last year's awards attracted over 13,000 votes, with big winners including Janus ...

CVC sells 20% stake in Eildon

KARREN VERGARA  |  MONDAY, 24 APR 2023
... wholesale fund that returned 27% in the year to March 2023 and 24% per annum in the last decade. The fund has a 9.7% holding in AMP, and stakes in oil producer Horizon Oil, US drilling company Diamond Offshore and Kiland, the owner of Kangaroo Island. ...

AMP wealth management AUM grows $2bn

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
In an ASX announcement, AMP said that its Australian Wealth Management assets under management (AUM) increased by $2 billion to $126.2 billion. However, the company had a net cash outflow of $600 million in Q1 2023, a slight improvement from the $900 ...

Equity Trustees enlists HUB24 for custodial platform admin

ANDREW MCKEAN  |  TUESDAY, 18 APR 2023
... 2022, up from 4.9% in the previous corresponding period. Although, its market share is lower than IOOF, Colonial First State, AMP, Macquarie, and netwealth, HUB24's annual net flows have the fastest growth rate as a percentage of FUA. HUB24 also announced ...

Employment figures no cause for rate hike: Experts

JAMIE WILLIAMSON  |  FRIDAY, 14 APR 2023
... the Reserve Bank of Australia (RBA) to look to increase the cash rate again in May following its pause this month. However, AMP deputy chief economist Diana Mousina says she expects the pause will be held. "We have been expecting the labour market to ...

Quinbrook acquires US biofuel producer

RACHEL ALEMBAKIS  |  FRIDAY, 14 APR 2023
Renewable energy investor Quinbrook Infrastructure Partners has made its first foray into biofuels through a US investment. Quinbrook has acquired PurposeEnergy, an established US-based renewable fuels and biogas specialist that focuses on using waste ...