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Showing 3271 - 3280 of 9281 results for "wealth"

Global stocks plunge as COVID-19 fear accelerates, oil crashes

ALLY SELBY  |  TUESDAY, 10 MAR 2020
... Asset Management partner John Birkhold said the spreading COVID-19 virus had triggered a mass sell-off. "We are seeing wealth destruction on an epic scale triggered be the increasing reality of a global pandemic," he said. "Since February 20, when the ...

Chief economist update: The crash we have to have

BENJAMIN ONG  |  TUESDAY, 10 MAR 2020
... being infected by the virus as distinct from the disease itself - has exposed the limit to central bank power. Health is wealth. Sure, low and negative interest rate push equity prices higher but there won't be any wealth effect if consumers stayed ...

Actuaries Institute appoints 2020 president

ALLY SELBY  |  MONDAY, 9 MAR 2020
... deal with emerging risks such as climate change and mental health." Bui hopes to deliver major papers on intergenerational wealth and equity and the gig economy during her term. She also expects to contribute to discussions on data and ethics. "Data ...

ANZ wealth exit sees hundreds of jobs go

ELIZABETH MCARTHUR  |  MONDAY, 9 MAR 2020
... self-managed superannuation at ANZ, is among those to have left in recent weeks. The pensions and investments division of ANZ Wealth was sold to IOOF. The FSU has accused ANZ of conducting "corporate leadership in a vacuum" and has linked the cuts to ...

Take pride in super: Rice Warner

HARRISON WORLEY  |  FRIDAY, 6 MAR 2020
... would have been made anyway?" Rice Warner said. "Secondly, does the superannuation system help families accumulate more wealth for their retirement than they could under other regimes?" The firm said that without the superannuation guarantee, people ...

Boutique dealer groups merge

ELIZABETH MCARTHUR  |  FRIDAY, 6 MAR 2020
Spark Financial Group and Aura Wealth Australia have agreed to merge, in a move impacting 80 financial advisers. Aura executive director Andrew Coloretti told Financial Standard that the merger was driven by a desire from both groups to achieve economies ...

Clime launches new SMA portfolios

ALLY SELBY  |  FRIDAY, 6 MAR 2020
... Investment Management has launched four new separately managed account portfolios to help diversify self-directed investors' wealth amid skyrocketing volatility. Investors can now access Clime's balanced (35% defensive, 65% growth), growth (22% ...

ANU to help determine fate of SG increase

ELIZA BAVIN  |  FRIDAY, 6 MAR 2020
... draft report including on treatment of CIPRs, bequests, public/private consumption, pension spending numbers from OECD, wealth tax and couple tax. It concluded Grattan's modelling "broadly tells a similar story" to its own modeling.

Westpac director heads for the exit

HARRISON WORLEY  |  FRIDAY, 6 MAR 2020
... behalf of the board, I would like to thank Lindsay for his considerable contribution to Westpac," McFarlane said. "Lindsay's wealth of experience and leadership as chairman has been invaluable to Westpac during periods of significant change in the operating ...

Life insurer chief executive retires

JAMIE WILLIAMSON  |  THURSDAY, 5 MAR 2020
... Powell served as interim chief executive of PHAROS Financial Group. He is also a former chief operating officer of Centric Wealth and regional chief financial officer, Australia and New Zealand of Zurich.