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Showing 231 - 240 of 1028 results for "SoA"

Chief economist update: Gold 2000

BENJAMIN ONG  |  WEDNESDAY, 29 JUL 2020
Gold prices have already been on the up and up last year, buoyed by major world central banks' about face towards a more accommodative policy - led by the US Federal Reserve's interest rate cuts (July, September and October 2019). Gold prices ...

Bezos adds billions

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
Amazon founder Jeff Bezos added US$13 billion to his net worth in a single day marking the largest single day jump for an individual, according to the Bloomberg Billionaires Index. The spike in wealth was due to a near 8% spike in Amazon shares, due ...

Specialist platforms prosper in June quarter

ALLY SELBY  |  MONDAY, 20 JUL 2020
HUB24 has reported record annual inflows of $4.95 billion for the 2020 financial year, which it says has been driven by clients ditching "incumbent platforms" for the specialist provider. Its funds under administration lifted 24% for the FY20 to hit ...

Chief economist update: Not easy easing restrictions

BENJAMIN ONG  |  TUESDAY, 14 JUL 2020
"As the economy reopens, incoming data are beginning to reflect a resumption of economic activity: Many businesses are opening their doors, hiring is picking up, and spending is increasing. Employment moved higher, and consumer spending rebounded strongly ...

Netwealth booms amid pandemic

ALLY SELBY  |  FRIDAY, 10 JUL 2020
Specialist wealth management platform Netwealth has seen its share price soar, after it reported a 35% increase in funds under administration for the financial year. Shares in Netwealth lifted nearly 16% during trade on Thursday to hit new all-time ...

Insurance premiums soar at Qantas Super

ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
Customers of Qantas Super will see their insurance premiums rise substantially come 1 August 2020 now that the super fund has officially switched insurers to MetLife. The fund blamed a range of factors for the increase, mostly surrounding the effects ...

Chief economist update: A tale of two quarters

BENJAMIN ONG  |  FRIDAY, 3 JUL 2020
"It was the best of times, it was the worst of times... it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way..." -- 'A Tale of Two Cities' ...

Platform prototypes compliance capability

ALLY SELBY  |  THURSDAY, 18 JUN 2020
HUB24 is developing a new tech capability, which it says will identify compliance issues before they happen. The specialist platform is currently working with five licensees to build the tool, including its subsidiary Paragem, which will use machine ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... compound the problem. "They embed the very thing ASIC wants to eradicate: templated SOAs. And good luck reproducing a digital SOA to ASIC in response to a section 33 Notice! The industry has gone mad," he said.

Hedge funds record best month since GFC

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
Hedge funds in April posted their highest one-month returns since May 2009, but still have a long way to go before they can pare back March quarter losses. Preqin's All-Strategies Hedge Fund benchmark returned 5.82% in April as most stock markets rebounded ...