Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1961 - 1970 of 7108 results for "December"

Pendal cuts fees on equities fund

KANIKA SOOD  |  TUESDAY, 11 FEB 2020
... the biggest stock positions were in Samsung Electronics (9.2% of the portfolio), Tencent (5.5%) and Naspers (3.9%) at December end. The fund started in November 2012 and had $334 million in total assets at end of last year. "Pendal regularly reviews ...

Macquarie expected to fall short of 2019 performance

HARRISON WORLEY  |  TUESDAY, 11 FEB 2020
... management division recorded growth in the quarter with assets under management jumping by 5% from the end of September to 31 December. Its infrastructure and real assets arm, MIRA, also grew, recording a 2% jump to finish the quarter at $137.5 billion ...

Advice industry compresses

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... drop in numbers represents those who exited the industry post the Financial Adviser Standards and Ethics Authority's 31 December 2018 deadline. As adviser numbers now stand, they are in line with the number of financial advisers registered in 2016. The ...

ACCC denies impropriety

ELIZA BAVIN  |  TUESDAY, 11 FEB 2020
... Legal teams for the investment banks and ANZ have consistently questioned the immunity deals given to JPMorgan staff. In December last year the court said it would be in the interest of justice for ACCC officials to be questioned and more staff are expected ...

Chief economist update: UK is now Bailey's baby

BENJAMIN ONG  |  TUESDAY, 11 FEB 2020
... Similarly, Carney found UK headline inflation at 2.9% (June 2013) and is leaving with consumer price growth weaker at 1.3% (December 2019). The latest MPC forecasts show inflation slightly weakening to 1.25% at the end of 2020. Then again, Carney's ...

Super fund admits its gender pay gap increased

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
... we focused our hiring efforts on bringing women into the business (in May 2019 only 35% of our staff were female, by December 2019 this figure had increased to 44%)," the fund said. "These women hires were at the junior core level, which disproportionately ...

Praemium expanding in UK, growing managed accounts

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
... portfolios on behalf of financial advice firms. Global FUA for the platform surpassed $20 billion in the half year ending 31 December 2019. The UK business enjoyed net revenue growth after product commissions of 7% with platform revenue up 25%. International ...

Calls for disability insurance reform

ELIZA BAVIN  |  MONDAY, 10 FEB 2020
... more than 102% of pre-disability take-home pay. A high replacement ratio can be a disincentive to returning to work." In December, the Australian Prudential Regulation Authority said that life companies collectively lost around $3.4 billion over the ...

Chief economist update: Lowe puts Australia on high

BENJAMIN ONG  |  MONDAY, 10 FEB 2020
... governor's optimistic outlook. Sure, there'll be a short-term slowing, "Our current estimate is that over the December and March quarters, the fires will have reduced Australian GDP growth by around 0.2 percentage points...The drought is also ...

Grow Super signs first admin client

KANIKA SOOD  |  FRIDAY, 7 FEB 2020
... administration platform which is based on distributed ledger technology. Startup superannuation fund GigSuper came onboard in late December, Grow Super deputy chief executive Adam Gee said. Grow is also participating in tenders for several other super ...