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Showing 3631 - 3640 of 14212 results for "Interest"

Industry fund underpaid SG to staff

KANIKA SOOD  |  TUESDAY, 1 SEP 2020
... November 2018 and updated its payroll to avoid future occurrences. Last Wednesday, it sent the $76,921 (plus $46,821 in interest) to the ATO. The roughly $123,743 total bill was funded out of its staff salary budget, the fund said. Former staff of the ...

NPS buffers COVID-19 shocks

KARREN VERGARA  |  TUESDAY, 1 SEP 2020
... its diversification and risk management strategies. The performance of its alternative investments was mostly driven by interest and dividend income, as well as foreign currency translation gains from an increase in the USD-KRW exchange rate. NPS is ...

Advice group flees MLC after IOOF takeover

ANNABELLE DICKSON  |  TUESDAY, 1 SEP 2020
HFM & Partners has made the decision to change its Australian financial services licence from MLC-owned GWM Adviser Services in light of the acquisition by IOOF. The announcement by IOOF to acquire MLC's advice business will see the creation of ...

Chief economist update: AUD on the up and up

BENJAMIN ONG  |  TUESDAY, 1 SEP 2020
... Their rationales were rational enough: The Fed's shift into a lower for longer strategy suggests that Australian interest rates would be at a premium over US rates going forward, enticing investors to buy A$ to avail of the premium. This flows from ...

Fake pastor herds believers into Ponzi scheme

ELIZABETH MCARTHUR  |  MONDAY, 31 AUG 2020
... Commission has filed a civil action. The SEC wants return of ill-gotten gains to the misled investors with prejudgement interest and civil penalties.

Argo Infrastructure posts $9.3m loss, but increases dividends

ALLY SELBY  |  MONDAY, 31 AUG 2020
The ASX-listed infrastructure investment company has increased its fully franked dividends for the full year, despite reporting a loss of $9.3 million. Argo Global Listed Infrastructure said the multi-million dollar loss was a result of a downward revaluation ...

Chief economist update: COVID-19 cuts capex

BENJAMIN ONG  |  MONDAY, 31 AUG 2020
... can't. I've allowed the horse to come to the water with cheap funding. I can't make it drink."...and three RBA interest rate cuts later (in 2019) - in June, July and October - taking the official cash rate down to 0.75% -- consumer spending ...

Chief economist update: Fed heads for the mountain

BENJAMIN ONG  |  FRIDAY, 28 AUG 2020
... is fear of the substantial drop in the unemployment rate triggering runaway inflation that prompted the Fed to raise interest rates nine times from 0.25% to 2.50% between 2015 and 2019. But even inflation expectations failed to lift. To be sure, no one ...

Advisers more bearish than clients

JAMIE WILLIAMSON  |  FRIDAY, 28 AUG 2020
... quality asset managers," Peker said. It comes as advisers struggle to generate income for their retiree clients in the low interest rate environment, according to 66% of those surveyed. Increasingly, mitigating market risk and educating retirees on their ...

APRA issues new licence conditions on NULIS

ELIZABETH MCARTHUR  |  THURSDAY, 27 AUG 2020
APRA has issued directions and imposed new licence conditions on NULIS Nominees to improve its governance and controls to ensure members' best interests. The directions and additional licence conditions require NULIS to record how it considers members' ...