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Showing 2391 - 2400 of 6264 results for "DET"

How key is gender in retirement outcomes?

HARRISON WORLEY  |  TUESDAY, 18 JUN 2019
A question about gender inequality in retirement was met with silence and then laughter at the recent Actuaries Institute Summit in Sydney. UNSW associate professor Anthony Asher, Mercer senior actuary David Knox and Rice Warner founder Michael Rice ...

Pension giant cuts tobacco

KANIKA SOOD  |  TUESDAY, 18 JUN 2019
A pension giant is offloading $73 million worth of investments in tobacco companies as its chief investment officer sees no future benefits for its members in the industry. The UK's National Employment Saving Trust has set a two-year deadline for ridding ...

Industry fund appoints deputy CIO

ELIZABETH MCARTHUR  |  TUESDAY, 18 JUN 2019
A $50 billion industry superannuation fund has promoted from within to fill a newly created deputy chief investment officer role. Cbus has appointed Brett Chatfield to the new role; he will be stepping into the position from his role as head of public ...

Chief economist update: Expect more of the same from the BOJ

BENJAMIN ONG  |  TUESDAY, 18 JUN 2019
Speculation may be mounting over one or two Fed rate cuts (one, two or three for the RBA) going forward, but there are no such similar expectations for the Bank of Japan (BOJ). With the BOJ's policy rate currently at negative 0.1% and its "yield ...

AUSTRAC zeroes in on Afterpay

HARRISON WORLEY  |  MONDAY, 17 JUN 2019
Tech-darling Afterpay is feeling the regulatory heat after AUSTRAC ordered an audit of the fintech's compliance with Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF) laws. AUSTRAC said an external auditor will examine Afterpay's governance ...

Retiree savings won't last: World Economic Forum

HARRISON WORLEY  |  MONDAY, 17 JUN 2019
The World Economic Forum has weighed into the debate on the adequacy of Australia's retirement income system, releasing a report declaring average Australians will burn through their retirement savings too quickly. The report, Investing in (and for) ...

Chief economist update: Another RBA rate cut should be enough

BENJAMIN ONG  |  MONDAY, 17 JUN 2019
The Aussie dollar is down. Repeat, the Aussie dollar is down! The A$/US$ exchange rate closed at US$0.6879 - down 2.3% this year to date its lowest level in three years - at the end of last week's trading. The local currency is down 1.8% (year-to-date) ...

ANZ cleared of $50m fee bungle

KANIKA SOOD  |  FRIDAY, 14 JUN 2019
ASIC has cleared ANZ of the $50 million fee-for-no-service misconduct connected to its Prime Access offering. The corporate regulator said it is satisfied by the audited attestation it received from ANZ, signed by managing director private banking and ...

Chief economist update: Another rate cut on the cards

BENJAMIN ONG  |  FRIDAY, 14 JUN 2019
What do we want! More rate cuts! The depreciation in the A$/US$ exchange rate to as low as US$0.6902 immediately after the Australian Bureau of Statistics' (ABS) - from US$0.6949 a day earlier - released its 'Labour Force' report for May ...

Fund manager strengthens alternatives capabilities

ELIZABETH MCARTHUR  |  THURSDAY, 13 JUN 2019
Natixis Investment Managers plans to launch a new affiliate - Vauban Infrastructure Partners - dedicated to infrastructure equity investing. Vauban will be established by transferring the current infrastructure team from Mirova. The team currently manages ...