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Showing 11 - 20 of 121 results for "HIP"

Actuaries develop retiree rule of thumb

HARRISON WORLEY  |  THURSDAY, 7 NOV 2019
... the All Groups CPI. ASFA chief executive Martin Fahy said the increase demonstrated how the drought was starting to hit the hip pocket of retirees, with prices of everyday items jumping significantly. The cost of beef has increased by 7.1% across the ...

Super account consolidation to hurt AMP

HARRISON WORLEY  |  MONDAY, 18 FEB 2019
AMP will take a $30m hit to the hip pocket if it is forced to send 370,000 low balance super accounts to the ATO. Following the Senate passage of the Government's centerpiece superannuation legislation late last week, AMP informed the market it would ...

Chief economist update: Faster wages growth a one-off?

BENJAMIN ONG  |  THURSDAY, 15 NOV 2018
... year to the third quarter, up a fraction from 2.07 in the second. Public servants' pay increased by 2.47% from 2.41%. Hip, hip... Australians all, let us rejoice, for this could be the start of something good, especially because wages growth in the ...

PC puts spotlight on lifecycle super products

KARREN VERGARA  |  MONDAY, 25 JUN 2018
The Productivity Commission said on its third and final day of hearings in Brisbane it will scrutinise the competitiveness and efficiency of lifecycle and retirement income products in its review of the superannuation system. Productivity Commission ...

Asset manager awards admin mandate

KARREN VERGARA  |  FRIDAY, 15 JUN 2018
An Australian alternative asset manager has awarded a fund administration mandate to US firm SS&C Technologies. SS&C Technologies marked Global Merces as its first Australian client since the acquisition of DST earlier this year. The Nasdaq-listed company ...

Royal Commission bad for super: Switzer

ALEX BURKE, JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... super funds, we were, in effect, our own worst enemies!" Switzer said he "railed against the Royal Commission" because of the "hip-pocket consequences of making financial institutions play fair." "The biggest annoyance about all this is that I've been ...

Wealth technology firm acquired for $6.8bn

DARREN SNYDER  |  THURSDAY, 18 JAN 2018
US investment and financial services software provider SS&C will pay about $6.8 billion to acquire a global technology outsourcing specialist with operations and institutional clients in Australia. SS&C will purchase DST Systems with an all-cash transaction ...

Powerwrap, OneVue vets join MGP

JAMIE WILLIAMSON  |  MONDAY, 1 JAN 2018
Managed Account Holdings is welcoming a former Powerwrap sales lead and a former head of compliance from OneVue as it continues to capitalise on its acquisition of Linear. Richard Carr has joined MGP as a business development manager to aid the growth ...

Five minutes of sunshine tomorrow?

BENJAMIN ONG  |  TUESDAY, 6 JUN 2017
Hip, hip! The Australian Bureau of Statistics' (ABS) 'Business Indicators' report (released yesterday) eased growing concerns that tomorrow's National Accounts would show that the Australian economy weakened sharply - if not outright contracted -- in ...

The challenging nature of ethics

JAMIE WILLIAMSON  |  FRIDAY, 7 APR 2017
Initiatives to increase ethics in financial services can be likened to endurance events in the sporting arena. That is the view of Clare Payne - former endurance swimmer and consulting fellow for Ethics in Banking and Finance with The Ethics Centre. ...