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Showing 1841 - 1850 of 8245 results for "June"

Bumpy quarter for AMP

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
... of legacy business" related to AMP Life. Average assets under management reduced to $189.8 billion from $191.9 billion in June 2020. ESSSuper, Legalsuper and QSuper were some of the big clients that severed ties with the group in the last six months. ...

ClearView seeks to raise at least $40m

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... material life insurance industry suffered losses of around $1.23 billion on income protection portfolios in the year to 30 June 2020. In addition, ClearView said it expects COVID-19 impacts will further drive a decline in income protection claims form ...

Chief economist update: Japan's second wave

BENJAMIN ONG  |  WEDNESDAY, 21 OCT 2020
... the previous one (also an 11-year low). But with a hole as deep as the 28.1% annualised rate of contraction in GDP in the June quarter - the worst on record -- the fresh prime minister of Japan has his work cut out for him. The severity of the June quarter ...

Future Fund slashes fees

KARREN VERGARA  |  TUESDAY, 20 OCT 2020
... costs, these have dropped from 1.57% ($319.2m of which is direct) from FY18 to 1.13% ($326.1m of which is direct) as at 30 June 2020. On a year-on-year basis, total direct and look-through costs reduced from 1.62% to 1.13%. The fund classifies direct ...

AMP awards mandate to BlackRock

KARREN VERGARA  |  TUESDAY, 20 OCT 2020
... mandate to BlackRock Investment Management to deliver the new indexed strategy, which is expected to take effect by the end of June 2021. The mandate is part of NZWM's move to a predominantly index-based strategy, including for clients in its NZ$6.2 ...

Cash no longer king

ANNABELLE DICKSON  |  TUESDAY, 20 OCT 2020
... returns," he said. In addition, $671 million flowed into Australian fixed income ETFs, nearly three times the amount in the June quarter. The Australian ETF industry had nearly $5 billion in new inflows in the quarter, bringing the ETF industry to $71 ...

APRA, ASIC release life insurance stats

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... advised clients had 49% of TPD claims paid and 57% of trauma claims paid. The claims paid statistics cover the 12 months to June 2020. According to the updated data on the MoneySmart site, the industry average for claims accepted on life insurance through ...

Chief economist update: Middle Kingdom on top

BENJAMIN ONG  |  TUESDAY, 20 OCT 2020
... recovery. It's on its way. China's GDP expanded by 4.9% in the year to the September quarter, strengthening from the June quarter's growth of 3.2% which itself, represented a sharp recovery from the 6.8% contraction recorded in the March ...

Morphic co-founder exits

KANIKA SOOD  |  MONDAY, 19 OCT 2020
... take the role. Morphic was founded in 2012 by Slater and Jack Lowenstein, who worked together at Hunter Hall. Ellerston last June bought an undisclosed controlling stake in Morphic. At the time, it said founders Lowenstein and Slater would continue running ...

Super fund chief to retire

JAMIE WILLIAMSON  |  MONDAY, 19 OCT 2020
... one of the lowest cost super funds in Australia. And our MySuper investment returns over one, three and five years ended 30 June 2020 are each in the top three of MySuper investment returns of all funds over those periods." Rainmaker data shows MIESF ...