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Showing 2481 - 2490 of 7106 results for "June 2023"

Chief economist update: A pretty picture of the labour market

BENJAMIN ONG  |  FRIDAY, 20 JUL 2018
... classic. "I see skies of blue..." The seasonally adjusted numbers showed total employment grew by 50,900 in the month of June - more than three times market expectations for a 17,000 increase - after the addition of 13,400 workers in the previous month. ...

HUB24 introduces low-cost product

KARREN VERGARA  |  THURSDAY, 19 JUL 2018
HUB24 is catering for new entrants to the investment platform market with the launch of a lower-cost and simpler option in its investor directed portfolio service (IDPS) and superannuation products. To be introduced in August, the HUB24 core offering ...

Chief economist update: What goes around is starting to get around

BENJAMIN ONG  |  THURSDAY, 19 JUL 2018
... moderate" increase in wages is negatively impacting "real wages" - wage growth less inflation. Real wages fell by 0.2% in June - annual growth in average hourly earnings of 2.7% in June less headline CPI inflation of 2.9% (workers buy food and petrol) ...

Chief economist update: The Goldilocks rate of interest

BENJAMIN ONG  |  WEDNESDAY, 18 JUL 2018
The neutral interest rate is the Goldilocks level of the fed funds rate - not too cold that it would continue stimulating growth (and lift inflation) and not too hot that it would cause economic activity to slow. Ho-hum. US Federal Reserve Chairman ...

HESTA appoints quant general manager

KANIKA SOOD  |  TUESDAY, 17 JUL 2018
The chief quantitative strategist for AXA Investment Managers' equities business has jumped to a $46 billion superannuation fund. HESTA has appointed Michael Kollo as its general manager quantitative solutions and risk, effective July 30. He was ...

MLC announces new chief executive

KARREN VERGARA  |  TUESDAY, 17 JUL 2018
National Australia Bank announced the new chief executive of MLC, who will take the reins on 1 September 2018. Geoff Lloyd will lead MLC after six years as chief executive and managing director of Perpetual. He will report directly to NAB chief executive ...

Advisers demand self-licensing regime: Poll

KARREN VERGARA  |  MONDAY, 16 JUL 2018
A majority of financial advisers would welcome an overhaul of the AFS licensing regime, a recent survey shows. The majority (78%) of financial advisers polled in Financial Standard's sister publication FS Advice would prefer to be self-licensed, similar ...

REIT trust manager steps down

KANIKA SOOD  |  FRIDAY, 13 JUL 2018
Centuria Metropolitan REIT's trust manager has stepped down after three years of managing the platform. Nicholas Blake is taking a leave of absence and will thereafter leave to pursue other opportunities. The REIT (ASX:CMA) has appointed Douglas ...

Praemium FUA surpasses $8bn

KARREN VERGARA  |  FRIDAY, 13 JUL 2018
Praemium's funds under administration surpassed $8 billion thanks to a bumper June 2018 quarter of key client wins. FUA shot up 35% compared to the prior corresponding period, with about $566 million of inflows coming in from Australian business. ...

Financial services executives in the money

JAMIE WILLIAMSON  |  FRIDAY, 13 JUL 2018
Following a highly successful IPO and 41% increase in funds under administration, the last 12 months has seen Netwealth's Michael and Matt Heine named among Australia's richest executives. Netwealth joint managing directors Michael and Matt Heine have ...