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Showing 441 - 450 of 1611 results for "Prudent"

ASIC delivers thinly veiled warning

ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
ASIC has warned consumers about advertising that compares fixed-term investment products to bank term deposits, the issue it is pursuing Mayfair 101 over. ASIC said a surge in marketing of fixed-term investment products in recent months had prompted ...

QSuper not to appeal AFCA win

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
The $110 billion superannuation fund has decided to not appeal a Federal Court order upholding an AFCA decision but says it creates further obligations for superannuation trustees. In April, QSuper's board appealed unsuccessfully to the Federal ...

Early release applications top $9bn

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... investment officer Ian Patrick said the early release numbers were still within the fund's stress testing assumptions. "Our prudent fund management means there is sufficient cash to meet all anticipated forward commitments," Patrick said. Meanwhile ...

Aussie banks battered by pandemic

ALLY SELBY  |  TUESDAY, 5 MAY 2020
Australia's banks have been hit hard by the COVID-19 pandemic, with cash earnings down more than 40% compared to the same time last year. According to EY analysis of Australia's big four banks' half year results, combined cash earnings were ...

How Cbus is servicing early release requests

KANIKA SOOD  |  FRIDAY, 1 MAY 2020
... 11am and custodian cash and deposits. "We manage cash in house and even before this change was announced, we thought it prudent to build up liquidity mainly to be ready to deploy for opportunities," he said. It also redeemed early from some hedge fund ...

Lloyds profits down 95%

ELIZABETH MCARTHUR  |  FRIDAY, 1 MAY 2020
... frustration this will cause our shareholders, in particular those relying on dividends for income, we agreed that this is a prudent and appropriate response to what are exceptional circumstances," Horta-Osorio said.

Junk by name, junk by nature?

ALLY SELBY  |  THURSDAY, 30 APR 2020
... sense that's confronting us, and given how fully priced risk is at the moment, I'm not sure that it's the most prudent thing in the world to be going out and investing in high yield - and I'm a bond guy." Despite high yield traditionally ...

ANZ profits halve, dividend deferred

JAMIE WILLIAMSON  |  THURSDAY, 30 APR 2020
... interim dividend until the economic impact of COVID-19 becomes clearer. ANZ chair David Gonski described the decision as prudent, assuring it is not about the bank's financial position and ANZ has not received any concerns from APRA about its capital ...

Gargantuan stimulus needed to survive economic disaster

ALLY SELBY  |  WEDNESDAY, 29 APR 2020
... government issued during WWII. "The bonds would allow visibility into the extent to which the Commonwealth government remained prudent in other spending and would use a precedent already established in making a distinction between spending for investment ...

APRA questioned on fund liquidity

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
The prudential regulator has been questioned over super fund liquidity concerns by the Senate Economics Committee. Senator Andrew Bragg issued a letter to APRA putting the regulator on notice to answer a number of questions related to super funds. "I ...