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Showing 3801 - 3810 of 10705 results for "May 2012"

IOOF faces class action

KANIKA SOOD  |  MONDAY, 18 MAR 2019
The lawyer who led $300 million of claims during the Storm Financial crisis is preparing a class action against IOOF. Quinn Emanuel partner Damian Scattini said the firm will next week file a claim in the Supreme Court of New South Wales. The class ...

RBA issues stern climate change warning

ELIZABETH MCARTHUR  |  MONDAY, 18 MAR 2019
The Reserve Bank of Australia says the economy faces an "abrupt" blow to financial stability from climate change. In a speech, RBA's deputy governor Guy Debelle said climate change will likely have a permanent effect on the Australian economic landscape. ...

Brookfield acquires 62% of Oaktree Capital

KANIKA SOOD  |  FRIDAY, 15 MAR 2019
Brookfield Asset Management is set to acquire 62% of Oaktree Capital, creating a $672 billion alternative investment behemoth. The 120-year-old Canadian firm will pay roughly $6.8 billion for the stake in Oaktree Capital. Following the transaction ...

Liquidation likely for Halifax

HARRISON WORLEY  |  FRIDAY, 15 MAR 2019
Halifax administrators updated investors on the future of the beleaguered online stockbroking firm, with signs pointing to liquidation. The firm - whose AFSL was suspended shortly after it went into voluntary administration in November 2018 - was found ...

Chief economist update: Breaking up is hard to do

BENJAMIN ONG  |  THURSDAY, 14 MAR 2019
"They say that breaking up is hard to do, now I know, I know that it's true..." - Neil Sedaka. This song must be playing in UK prime minister Theresa May's head - it should as it did in mine - when a second round of voting in the House of Commons ...

Rejuvenated APRA asserts authority

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
APRA issued a stern warning to super funds to expect a more assertive and demanding prudential regulator that will crack down on underperformance and poor cooperation. But it is being held back by the long-awaited passage of a Bill. Deputy chair Helen ...

NFP super funds rise to occasion post-Royal Commission

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
While industry funds emerged largely unscathed from the Hayne Royal Commission, it is more critical than ever for not-for-profit funds to be exemplary in terms of practices and performance. This was a key message at this year's Conference of Major Super ...

Allianz Retire+ launches flagship product

KARREN VERGARA  |  TUESDAY, 12 MAR 2019
The long-awaited retirement solution of Allianz Retire+ has officially launched. Allianz Retire+ Future Safe provides customers the option to choose fixed rate, market-linked investments and protection options to suit their retirement needs. Future ...

Interest in early access to super rises

JAMIE WILLIAMSON  |  MONDAY, 11 MAR 2019
AMP has experienced a spike in the number of financial adviser queries regarding early access to superannuation. Analysing the more than 2000 calls received by the team in February, AMP said there was a significant rise in the number of advisers looking ...

Bond fund launches to local investors

KARREN VERGARA  |  MONDAY, 11 MAR 2019
A new credit fund has launched to Australian wholesale investors. The Loomis Sayles World Multi-Asset Credit Fund invests in global investment grade and high yield credit, bank and securitised loans, and emerging markets sectors. It replicates the $US2.9 ...