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Showing 2061 - 2070 of 7099 results for "June 2011"

Former BTFG executive takes on new role

ELIZABETH MCARTHUR  |  TUESDAY, 8 OCT 2019
... appointed chief executive of Spitfire. Spitfire's current chief executive Matthew Johnson - who only took on the role in June - will move to the general manager of distribution role as Shuttleworth steps into the top job. Shuttleworth spent almost 15 ...

Netwealth top for FUM growth

ELIZABETH MCARTHUR  |  FRIDAY, 4 OCT 2019
New research from Plan For Life Actuaries & Researchers has revealed Netwealth is growing much faster than some of its more established competitors. The research found a total $37.7 billion rise in funds under management over the year to June 2019 for ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  FRIDAY, 4 OCT 2019
"Bad news is good news." That phrase, born of the Great Recession of 2008, has become a staple and go to rationale each time equity markets jump on bad news. Bad news! Wall Street dropped - Dow down by 1.9%, S&P 500 down by 1.8%, Nasdaq down by 1.6% ...

Chief economist update: US recession on the cards

BENJAMIN ONG  |  THURSDAY, 3 OCT 2019
"Yesterday, all my troubles seemed so far away Now it looks as though they're here to stay..." - The Beatles Well, two yesterdays ago to be precise. This was on October 1 when the Reserve Bank of Australia (RBA) cut interest rates for a third time ...

Chief economist update: Zero here we go

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2019
A stitch in time saves nine. If only the Reserve Bank of Australia (RBA) adhered to this age-old proverb. But alas, by insisting on keeping the official cash rate at 1.5% for longer (from August 2016 to May 2019) than the dictates of global and domestic ...

Australia's best risk-adjusted MySuper option revealed

KANIKA SOOD  |  WEDNESDAY, 2 OCT 2019
Hostplus has the best three-year returns in default superannuation products but if risk measures are taken into account, another industry fund takes the top spot, according to new Rainmaker research. HESTA emerged as Australia's best risk-adjusted ...

NAB hit with extra billion in remediation

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 OCT 2019
National Australia Bank announced an additional $1.18 billion in remediation expenses, mostly relating to financial advice. Combined with previously announced remediation costs, NAB is now facing a total remediation bill of $2.09 billion. The unforeseen ...

IOOF expands advice team

ELIZA BAVIN  |  WEDNESDAY, 2 OCT 2019
The wealth manager has welcomed Leanne Gregory-Aylett to its advice team under the newly created position of general manager advice delivery. Gregory-Aylett has over 20-years' experience in the financial services sector having previously held positions ...

Job cuts at RBC I&TS

KANIKA SOOD  |  MONDAY, 30 SEP 2019
RBC Investor & Treasury Services has cut an undisclosed number of jobs from its Australian offices, the company said. RBC I&TS declined to confirm the numbers, but they are understood to be less than 100 contractor roles. "This program was aimed at ...

Retirement income under review

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
The government has established a review into Australia's retirement income system, following through on the Productivity Commission's recommendation. Announced on Friday afternoon, the review's terms of reference will examine the three pillars ...