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Showing 2351 - 2360 of 7108 results for "December"

AMP profits nose dive, dividends hit

KANIKA SOOD  |  FRIDAY, 25 JAN 2019
... for advice remediation, including $186m for program running costs and $14m for customer lost earnings for six months to December. These costs were included in AMP's previous estimates but have just been provisioned. AMP's total cost for the Royal ...

Rest launches low-cost indexed options

KARREN VERGARA  |  FRIDAY, 25 JAN 2019
... superannuation fund Rest has launched new indexed options that do not charge investment fees. Introduced to Rest members in December 2018, the three new indexed investment choices offer Australian shares, overseas shares or a balanced option respectively. ...

Chief economist update: Good jobs bad jobs

BENJAMIN ONG  |  FRIDAY, 25 JAN 2019
... we've got jobs and they're multiplying. Total employment grew by a greater-than-expected 21,600 in the month of December 2018 that followed an even stronger 39,000 addition in the previous month. At the same time, the unemployment rate has edged ...

Parametric critiques Productivity Commission's final report

HARRISON WORLEY  |  THURSDAY, 24 JAN 2019
... message is that tax efficiency can be as effective, is less controversial and has hardly been exploited to date." Early in December last year, Parametric won a $200 million custom mandate in global equities from an unnamed super fund.

ASIC bans former NAB, CBA advisers

JAMIE WILLIAMSON  |  THURSDAY, 24 JAN 2019
... of two clients, and implemented advice to four clients before providing a Statement of Advice. This occurred between December 2011 and August 2015 while Nguyen was an authorised representative of GWM and continued while he was licensed by Interprac from ...

Profit downgrade hurts Challenger

KARREN VERGARA  |  THURSDAY, 24 JAN 2019
... a profit downgrade. Challenger's share price plunged from $9.23 to about $7.65 on the back of lower-than-expected December 2018 half-year results. It expects to incur statutory net profit of $6 million, blaming "increased market volatility." Compared ...

Copia hires from Zenith

KANIKA SOOD  |  WEDNESDAY, 23 JAN 2019
... Management invests in income-generating equities and Chester Asset Management is a high conviction equities manager. In December, Copia hired Mani Papakonstantinos from SG Hiscock to act as its distribution manager for Victoria and Western Australia. ...

Chief economist update: Don't buy now, Australian property will be cheaper

BENJAMIN ONG  |  WEDNESDAY, 23 JAN 2019
... previous piece, " Australian property market slump ". According to HIA, new home sales plunged by 6.7% in the month of December 2018 to 4623 units - the lowest level since 2012 - that took the year-on-year drop in sales to a whopping 18.7% that followed ...

LICs defy franking credit refund changes

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
... he says it's "both inequitable and very unfair." AFIC recorded net profit of $250.3 million in the six months to December 2016, a whopping 62.5% increase from previous corresponding period. It made significant purchases in James Hardie Industries ...

Amundi Asset Management Australia chief exits

KARREN VERGARA  |  MONDAY, 21 JAN 2019
... to a local distributor. Brian Scott was the chief executive of Amundi Asset Management Australia for eight years until December 2018. He spent more than three years as head of sales at Schroders and prior to that, worked as head of institutional sales ...