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Showing 2951 - 2960 of 10361 results for "Close"

Mainstream shelves super admin business

KARREN VERGARA  |  TUESDAY, 20 AUG 2019
... firm announced today the super admin business will be swallowed up into its fund administration division, and consequently close its Melbourne office and relocate superannuation operations to Sydney. It recorded a $2.8 million loss in its FY19 results ...

Chief economist update: Tweeting Trump versus totalitarian Xi

BENJAMIN ONG  |  TUESDAY, 20 AUG 2019
US president Donald Trump is envious of Chinese president Xi Jinping. Perhaps it's P-envy (I don't have to spell the word, my head will be summarily chopped off), but US President Trump admitted as much about a year and half ago and before he ...

Charles Schwab reverses out of Australia again

KANIKA SOOD  |  MONDAY, 19 AUG 2019
... letter sent to investors. Charles Schwab's Frenchs Forest based office led by managing director John-Paul Drysdale will close next month but the company will continue to service Aussie clients through US operations. "Charles Schwab has made the decision ...

Japanese insurer gets Treasury tick to up Challenger stake

KANIKA SOOD  |  MONDAY, 19 AUG 2019
... the company. Challenger's share price has fallen from over $10 per share at November end 2016 to $6.69 at Friday's close. MS&AD was asked in a FY19 Q&A call on August 7 if the company intended to treat the Challenger investment as an impairment ...

Salary sacrifice loophole bill insufficient: ISA

KRISTI CHENG  |  MONDAY, 19 AUG 2019
... main point in the body's submission to Schedule 7 of the Treasury Laws Amendment Bill 2019 consultation. The bill seeks to close a loophole allowing employers to count a worker's salary sacrifice contribution to their super as the employer's own contribution. ...

Chief economist update: US recession a sure thing

BENJAMIN ONG  |  MONDAY, 19 AUG 2019
... turned out, US GDP contracted at annualised growth rate of 2.3% in the March 2008 quarter and by 8.4% at the end of 2008. So close yet so far off. Even as late as October 2007, the Fed Reserve Bank of Cleveland published that probability of a US recession ...

Government fund seeks investment manager

KANIKA SOOD  |  FRIDAY, 16 AUG 2019
... via warehouse facilities) directly for institutional clients, or in a managed fund context," AOFM said. The applications close on September 6. The investment management contract will be for a two-year initial term. The government will have the right ...

BlackRock backs lifestyle, marketing firm

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2019
... LTPC senior team member Colm Lanigan said: "ABG is an innovator in the licensing and branding industry. We have built a close relationship with Jamie and Nick over the past 10 years as they've established this company as a leader in the licensing ...

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
Super funds and life insurers have two weeks to air their opinions on APRA's proposed amendments to its margin requirements for non-centrally cleared derivatives. Consultation has opened for APRA-regulated entities to consult with the prudential regulator ...

APRA hits Allianz over risk

HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... its risk governance self-assessment, which revealed remediation work was underway to strengthen its risk management and close gaps in its governance. The additional capital requirement is the fifth applied by APRA in the wake of the landmark prudential ...