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Showing 4351 - 4360 of 14213 results for "Interest"

WTW launches first Australian-domiciled fund, names RE

ELIZA BAVIN  |  MONDAY, 4 NOV 2019
... the best investment ideas from the world's top global equity managers." WTW said it is fielding wide expressions of interest from super funds, insurance companies, charities, endowments, family offices and private wealth clients having already raised ...

Chief economist update: Good news is good news

BENJAMIN ONG  |  MONDAY, 4 NOV 2019
... low of 3.5% in September to 3.6% last month. These positive reports came just two days after the US Federal Reserve cut interest rates down another 25 basis points to 1.5%-1.75% on October 30 (the third in as many FOMC meetings - July and September). ...

CBA finalises CommInsure sale

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
... economic interests associated with CommInsure Life have been transferred to AIA. The deal excludes the banks 37.5% equity interest in BoCommLife Insurance Company. CBA said under the new agreement AIA will "obtain an appropriate level of direct management ...

Ex-Janus Henderson portfolio manager opens new boutique

ELIZABETH MCARTHUR  |  THURSDAY, 31 OCT 2019
Former Janus Henderson head of global emerging market equities Glen Finegan will head up a new boutique asset management business in partnership with Bennelong's UK arm. BennBridge (the UK arm of Bennelong Funds Management) is launching the new boutique ...

RI Advice faces ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2019
ASIC has filed a Federal Court action against RI Advice and one of its former financial advisers who was the subject of a case study during the Royal Commission. Commencing court action today, the corporate regulator has alleged RI Advice failed to ...

ANZ profits hit by remediation, low rates

ELIZA BAVIN  |  THURSDAY, 31 OCT 2019
ANZ's full year profit fell 7% to $5.95 billion compared to last year, with the bank blaming record low interest rates, increased regulation and a rise in customer remediation costs. ANZ chief executive Shayne Elliott said: "This has been a challenging ...

Chief economist update: RBA rate cut outlook

BENJAMIN ONG  |  THURSDAY, 31 OCT 2019
... All were in line with market expectations that seemed to have confirmed inferences over the RBA's reluctance to cut interest rates anymore. There was that phrase in the October 1 meeting minutes stating that the stimulatory effects of lower interest ...

ASIC puts trustees on notice

ELIZA BAVIN  |  THURSDAY, 31 OCT 2019
The Australian Securities and Investment Commission has warned superannuation trustees to improve the standard of communication to fund members about Putting Members' Interests First (PMIF) reforms, hinting it may take action against funds if necessary. ...

AMP extends adviser deadline

JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
... confirmed the law firm selected by AMPFPA on behalf of its members, Corrs, has written to advisers who have expressed interest in the legal action. In the letter, Corrs provided a timeline, including meetings in each state next month. The law firm is ...

Woolworths admits to underpaying staff $300m

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2019
... affected current and former salaried team members will receive their full entitlements, including back payments with interest and superannuation contributions, as soon as possible. Woolworths said the review will now be extended to all of the groups ...