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Showing 1971 - 1980 of 7119 results for "June 1990"

Chief economist update: Australia's gentle turning point to turn

BENJAMIN ONG  |  THURSDAY, 5 MAR 2020
Well, what do you know? Reserve Bank governor Philip Lowe had been right all along in his claim that, "the Australian economy appears to have reached a gentle turning point". The latest Australian National Accounts proved the truth in Lowe's statement. ...

First State Super and WA Super in merger talks

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
First State Super and WA Super have said they are exploring the benefits to members of a merger, in a move that would create a $109 billion fund. The funds have signed a Memorandum of Understanding and will enter due diligence, with the process expected ...

Colonial First State cuts fees, closes legacy options

KANIKA SOOD  |  TUESDAY, 3 MAR 2020
Colonial First State has cut fees for about 200,000 members and will close some legacy options in FirstChoice Employer Super, as it simplifies its product line and phases out grandfathered commissions. The changes are across retail products (legacy ...

IOOF restructures leadership team

HARRISON WORLEY  |  MONDAY, 2 MAR 2020
An internal restructure in IOOF's leadership team is complete, with three general managers promoted to the firm's c-suite. IOOF general manager of distribution Mark Oliver has been promoted to chief distribution officer, while the firm's general manager ...

NZ blacklists fossil fuels from super

ALLY SELBY  |  MONDAY, 2 MAR 2020
The New Zealand government has hardened its stance on climate change, barring fossil fuel producers from default accounts in its voluntary super system. Approximately 690,000 New Zealanders in default KiwiSaver accounts will no longer have exposure ...

Challenger boutique winds up fund

KANIKA SOOD  |  THURSDAY, 27 FEB 2020
Aussie small caps manager Kinetic Investment Partners is terminating its last-standing retail fund as assets dwindle, but will continue to manage institutional money. Last Friday, investors in the Kinetic Emerging Companies Fund were notified of the ...

Moelis Australia names co-chiefs, acquires lender

KANIKA SOOD  |  WEDNESDAY, 26 FEB 2020
Moelis Australia has promoted two managing directors to joint chief executives as it announces plans to acquire a local non-bank lender, eyeing a bigger slice of the $1.8 trillion Australian residential mortgage market. Julian Biggins and Chris Wyke ...

More courses get FASEA approval

ELIZABETH MCARTHUR  |  FRIDAY, 21 FEB 2020
FASEA has approved applications for the recognition of coursework from the Australian Financial Advisers (AFA) and Stockbrokers and Financial Advisers Association (SAFAA) as part of its education standards for financial advisers. Advisers who have completed ...

Chief economist update: Working nine to five, barely getting by

BENJAMIN ONG  |  THURSDAY, 20 FEB 2020
"Workin' 9 to 5, what a way to make a livin' Barely gettin' by, it's all takin' and no givin'..." - Dolly Parton The Australian Bureau of Statistics' (ABS) latest update on the growth of wages among the country's workers ...

IOOF profits fall 39%, advice margins drop

KANIKA SOOD  |  TUESDAY, 18 FEB 2020
IOOF's underlying net profit after tax slumped 39% in the first half of FY20 to $56.6 million, following increased governance spending, pricing pressures and divestments. Statutory NPAT was $115 million, buoyed by proceeds from IOOF's sale of Ord Minnett ...