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Showing 3951 - 3960 of 9316 results for "Red"

IOOF continues organic growth trajectory

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
IOOF is celebrating record financial results, driven largely by its financial advice and platforms businesses and the execution of multiple acquisitions as recent as June. IOOF reported a record underlying profit after tax of $191.4 million for FY18 ...

Farmers should urgently access super: Advisers

KARREN VERGARA  |  TUESDAY, 7 AUG 2018
... payments for 39 weeks. Roan said the superannuation system has the means to allow early access to funds if the 39-week Centrelink red tape is lifted. "Most farmers don't meet the income and asset tests for Centrelink, let alone wait another 39 weeks ...

Equity Trustees responds to GAM suspension

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
Equity Trustees halted applications into and redemptions from two GAM Investments funds following the suspension of the global manager's fixed income investment director. In a letter to unitholders, Equity Trustees - as responsible entity for the ...

Chief economist update: Do nothing RBA

BENJAMIN ONG  |  TUESDAY, 7 AUG 2018
If all goes according to expectations, today's Reserve Bank of Australia (RBA) Board meeting will mark one-month and two years (25 months) that the country's cash rate had been stuck at a record low 1.50%, and the longest stretch of unchanged ...

Vicinity Centres partners for $1bn wholesale property fund

KANIKA SOOD  |  MONDAY, 6 AUG 2018
The property giant is launching a new wholesale fund in a 50:50 joint venture with a Singapore-based asset manager. Vicinity Centres will take $1 billion worth of shopping centres off its balance sheets and use them to seed a new wholesale fund in the ...

Rethink property investment: Poll

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
... and has been there for a few years and the continuous weakness of the unit market in inner-city Brisbane should have raised red flags for developers and lenders," Peleg said. "What we are seeing now is the realisation of the risk that should have been ...

ARCO takes a net short on Australian financials

KANIKA SOOD  |  WEDNESDAY, 1 AUG 2018
ARCO fund manager George Colman says the absolute return fund has taken a "modest" net short position on Australian financials, as he sees regulatory developments compounding the spike in wholesale funding costs and credit cycle risks. Regional banks ...

ASIC provides guidance on Asia Funds Passport

KARREN VERGARA  |  WEDNESDAY, 1 AUG 2018
ASIC has updated its regulatory guides to reflect changes from the Asia Region Funds Passport bill that was recently passed. On June 28, the Federal Government passed the Corporations Amendment (Asia Region Funds Passport) Bill 2018 in an effort to ...

SuperConcepts searches for new CTO

KARREN VERGARA  |  WEDNESDAY, 1 AUG 2018
AMP subsidiary SuperConcepts confirmed it is on the hunt for a new chief technology officer. Incumbent CTO Kurt Groeneveld will exit the business the end of 2018. Prior to joining SuperConcepts, he was the chief executive of Supercorp, a superannuation ...

Group insurers pressed for resources

KANIKA SOOD  |  MONDAY, 30 JUL 2018
Group insurers are finding themselves pressed for resources as they race to meet the Federal Government's July 2019 deadline to cull the default opt-ins for group insurance. MetLife head of reinsurance and regulatory affairs James Carey said the ...