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Showing 191 - 200 of 1308 results for "Surprise"

"Financial" in BFID is no big deal: Academic

KANIKA SOOD  |  WEDNESDAY, 7 APR 2021
A UNSW academic says subjecting superannuation funds to "best financial interest duty" instead of just "best interest duty" is not material, but BFID's flow-on effects will be concerning for trustees. University of New South Wales director for centre ...

TelstraSuper expands membership

JAMIE WILLIAMSON  |  THURSDAY, 25 MAR 2021
... consistently shows us that the fund rates particularly highly when it comes to trust and quality service, so it's no surprise our members want to share us with their friends as well as family," "Expanding the membership to include friends enables this ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
... per month and of agency mortgage-backed securities by at least $40 billion per month," the Fed said. This really is no surprise, especially if one's been paying heed to chair Jerome Powell's words uttered over the past weeks. Now put on paper ...

Chief economist update: Confidence contagion

BENJAMIN ONG  |  THURSDAY, 11 MAR 2021
... Confident businesses beget confident consumers (through the labour market), making the jump in consumer confidence hardly a surprise. The Westpac-Melbourne Institute index of consumer confidence rose by 2.6% to a reading of 111.8 in March, "just 0.2 ...

Woodside results vindicate divestment argument: Activists

ELIZABETH MCARTHUR  |  FRIDAY, 19 FEB 2021
... levels." Market Forces executive director Julien Vincent told Financial Standard Woodside's results aren't a surprise, but they should still be food for thought for Australian super funds invested in the company. "No one is going to be pleased. ...

Magellan performance fees dip 70%

KANIKA SOOD  |  THURSDAY, 11 FEB 2021
Magellan reported a small increase in its net profits, despite a 70% drop in performance fees and a stronger Australian dollar. Net profit after tax for the six months ending December 2020 was $202 million, up 3% from the same period in 2019. Total ...

Workers being offered nothing: Keating

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 FEB 2021
The Association of Superannuation Funds of Australia annual conference opened with the creator of super, former Prime Minister Paul Keating, alleging the government is swindling workers. Discussing the suggestion that the current government may forgo ...

Sydney firm launches new venture capital fund

KANIKA SOOD  |  MONDAY, 8 FEB 2021
... professionals and am seeing continuous deal-flow of innovations coming from the medical community. This shouldn't come as a great surprise given our best and brightest have been going into medicine but what has changed is a strong entrepreneurship mindset ...

Kapstream wins JANA allocation

KANIKA SOOD  |  MONDAY, 8 FEB 2021
... Insight Investment Partners, Loomis Sayles, UBS Asset Management and Wellington Asset Management. "...it hasn't been a surprise that we've seen renewed interest in our strategy which above all else emphasises preservation of capital and liquidity with ...

Chief economist update: Oil gush

BENJAMIN ONG  |  THURSDAY, 4 FEB 2021
Crude oil prices jumped to one-year highs - WTI oil to US$58.46 per barrel; Brent oil to US$55.73 - this early in the New Year. Well, they have to bounce some time especially given the battering it received in 2020 as the covid-19 pandemic grounded ...