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Showing 4001 - 4010 of 10705 results for "May 2012"

Chief economist update: Is China starting to slow down?

BENJAMIN ONG  |  TUESDAY, 9 OCT 2018
Be afraid, be very afraid. This appears to be the foreboding flashing on investors' dashboards following yesterday's 3.7% drubbing in the Shanghai composite index and the 0.5% depreciation in the Chinese yuan CNY6.9136 versus the greenback. ...

Australian Unity mulls fund takeover

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
Starwood Capital Group has made another bid to buy the ASX-listed Australian Unity Office Fund. As responsible entity of the fund, Australian Unity Investment Real Estate received an unsolicited, indicative and non-binding proposal from Starwood Capital ...

AMP defends charging dead clients

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
AMP has defended its practice of charging premiums to dead life insurance customers in a submission to the financial services Royal Commission. The wealth manager continued to deduct life insurance premiums from a deceased customer, even after AMP has ...

Half of Australians don't have a will

KANIKA SOOD  |  THURSDAY, 4 OCT 2018
About 10 million Australians haven't put together a will and run the risk of having their assets divided by the state, new research has found. Comparison website Finder found that of the 52% (9.9 million) who don't have a will yet, 4% say they don't ...

Millennial money changes course after RC

KANIKA SOOD  |  WEDNESDAY, 3 OCT 2018
Aussie millennials are reluctant to consolidate their superannuation or take on risk while investing after six months of Royal Commission revelations, according to new research. Micro-investing platform Raiz Invest found that nearly 58% millennials ...

Freedom drops chief, slashes workforce

KARREN VERGARA  |  WEDNESDAY, 3 OCT 2018
The chief executive of Freedom Insurance Group has left the company effective immediately and more than half of its workforce is being made redundant. Chief executive Keith Cohen, who has been at the helm for nearly nine years, will be replaced by chief ...

Royal Commission interim report flawed

JAMIE WILLIAMSON  |  WEDNESDAY, 3 OCT 2018
Commissioner Kenneth Hayne's interim report lacks understanding of financial advice and appears to have ignored submissions on the issues raised throughout the Royal Commission. That is the view of the Association of Financial Advisers which, in ...

Legal woes continue for super fund

JAMIE WILLIAMSON  |  WEDNESDAY, 3 OCT 2018
Industry superannuation fund Rest is facing renewed scrutiny over its responsible investment practices after one of its members filed an updated Federal Court claim alleging the fund has failed to act in his best interests. In July, Rest member Mark ...

Chief economist update: Keep one eye open on the housing market

BENJAMIN ONG  |  WEDNESDAY, 3 OCT 2018
Perhaps it's the long weekend holiday - AFL Grand Final holiday on September 28, Labour Day on October 1 - or maybe it's been out-headlined by news of the US-Mexico-Canada Agreement (USMCA). But the Reserve Bank of Australia (RBA) met as usual ...

ASIC offers fee relief to drought-affected farmers

HARRISON WORLEY  |  TUESDAY, 2 OCT 2018
ASIC is offering assistance to drought-stricken farmers and related businesses suffering from financial hardship. The corporate regulator will offer information about available financial counselling services and provide company fee relief to those affected ...