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Showing 2761 - 2770 of 7106 results for "June 2023"

Westpac halts $14bn asset manager sale

ALEX BURKE  |  FRIDAY, 18 AUG 2017
Westpac has ended discussions regarding the sale of a $14 billion asset management subsidiary after the prospective bidder decided not to proceed. Charter Hall had originally entered talks with Westpac regarding the potential acquisition of Hastings ...

MyState advice arm grows

JAMIE WILLIAMSON  |  FRIDAY, 18 AUG 2017
The performance of its wealth management division proved to be one of the highlights for MyState last financial year. The Tasmanian financial group's wealth management arm increased its funds under management at the fastest rate in many years, up 8% ...

The negatives in the positive jobs report

BENJAMIN ONG  |  FRIDAY, 18 AUG 2017
If you've been hopin' and wishin' and prayin' that someday soon you'll be getting a fat pay rise, hope and wish and pray some more. While the headline seasonally adjusted numbers of the Australian Bureau of Statistics' (ABS) Labour Force report were ...

Contribution caps cause SMSF cash surge

ALEX BURKE  |  THURSDAY, 17 AUG 2017
Reduced contribution limits caused a significant upswing in self-managed superannuation fund cash allocations in the 2017 financial year, according to SuperConcepts research. As at June 30, the average SMSF comprised 19.8% cash (up from 18%), 12% fixed ...

Northern Trust wins asset servicing mandate

ALEX BURKE  |  THURSDAY, 17 AUG 2017
Northern Trust won an asset servicing mandate from an Australian equities boutique. JCP Investment Partners, having appointed Equity Trustees as responsible entity for two of its funds earlier this month, picked Northern Trust to provide global custodial ...

Wage freeze

BENJAMIN ONG  |  THURSDAY, 17 AUG 2017
The Australian Bureau of Statistics' (ABS) 'Wage Price Index' report for the June quarter confirmed what we, Australians all, already know...wages growth remains sluggish. Even market consensus got it on point. Growth in total wages stood still at a ...

Fed gets green light

BENJAMIN ONG  |  WEDNESDAY, 16 AUG 2017
US data releases dumped on our screens overnight, combined with easing US/North Korean tensions, provide another green light for the Fed to proceed with policy normalisation. Balance sheet unwinding and another rate hike before 2017 turns into 2018 ...

Blue Sky profits underscore alternatives opportunity

ALEX BURKE  |  TUESDAY, 15 AUG 2017
Blue Sky Alternative Investments reported a 97% boost in statutory net profit after tax to $20.7 million in its annual results, an outcome managing director Robert Shand believes underpins the firm's value proposition to clients looking for opportunities ...

Annuity sales boost Challenger results

KARREN VERGARA  |  TUESDAY, 15 AUG 2017
Challenger's life segment continued to deliver in the 12 months to June as a result of the annuity provider diversifying its product range and expanding in to partnerships outside of Australia. The life business reported sales of $5 billion underpinned ...

ASIC and CBA discussing potential advice problem

EMMA RAPAPORT  |  TUESDAY, 15 AUG 2017
The hits keep coming for Commonwealth Bank with new details of problems within the bank that have cost customers and employees millions of dollars. Hours after the bank was forced to refund more than $10 million for mis-sold consumer credit insurance ...