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Showing 3111 - 3120 of 9316 results for "Red"

Big banks cop a beating

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
The big four banks have all suffered a rating downgrade due to the COVID-19 fallout, while APRA warns they should cut dividends and bonuses. Fitch Ratings downgraded all four of the major banks, and their New Zealand subsidiaries, due to its expectation ...

Centrepoint executives depart, pay cuts implemented

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
Centrepoint Alliance has announced two of its executives will depart as the rest of the leadership prepare for 20% pay cuts. Centrepoint Alliance's acting chief financial officer Peter Loosmore has left the company, effective yesterday. Centrepoint ...

Not safe to launch: APRA

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
APRA will not issue a new superannuation licence any time within the next six months, with the prudential regulator keen to avoid the early failure of new super funds at the hands of COVID-19. APRA has suspended the issuance of new licences to budding ...

Chief economist update: COVID-infected Aussie stats trickle in

BENJAMIN ONG  |  WEDNESDAY, 8 APR 2020
Ho-hum. Financial markets widely expected the Reserve Bank of Australia's (RBA) decision to keep monetary policy settings unchanged at its April meeting especially so soon after announcing a comprehensive accommodation package the month before ...

Wholesale property fund revises down valuations

KANIKA SOOD  |  TUESDAY, 7 APR 2020
This morning, GPT Group told investors in two wholesale funds of downward revisions to the book value, citing combination of drop of rental income and retail valuations post COVID-19. The GPT Wholesale Shopping Centre Fund recorded an 11% decline in ...

No exclusions for frontline workers

ELIZA BAVIN  |  TUESDAY, 7 APR 2020
Australia's life insurers have committed to ensure frontline healthcare workers will not be prevented from obtaining life insurance cover due to COVID-19. The Financial Services Council said the commitment comes on behalf of participating life insurance ...

Not at the bottom, yet: Research

HARRISON WORLEY  |  TUESDAY, 7 APR 2020
Retail investors believe the market has further to fall before it hits the bottom, yet remain optimistic about the future. Latest Investment Trends research shows retail investors hold a positive view of the future, despite feeling that we haven't yet ...

Super fund temporarily cuts fees

HARRISON WORLEY  |  TUESDAY, 7 APR 2020
A superannuation fund designed for women has halved the fees of new and existing members who find themselves jobless as a result of the COVID-19 pandemic. In an effort to protect the super savings of its members, FairVine Super has launched the FairGo ...

Mayfair 101 accused of misleading advertising

ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
ASIC is taking Mayfair 101 to court alleging that the investment manager misled consumers in its advertising. At issue is Mayfair's use of Google Ad Words and Bing Ads as well as claims Mayfair made that ASIC says were false, misleading or deceptive. ...

Bravura secures new mandate

ELIZA BAVIN  |  MONDAY, 6 APR 2020
Bravura Solutions has announced it has secured a new mandate for the use of its Garradin platform. Futurity Investment Group has chosen Garradin platform to support its new range of education bonds. Bravura said Futurity is a member-owned organisation ...