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Showing 481 - 490 of 6206 results for "SIX"

AMP North launches new tool

ANDREW MCKEAN  |  FRIDAY, 7 JUN 2024
... AMP platforms group executive Edwina Maloney said. North also announced it expanded its investment menu with the launch of six new managed portfolios. The new managed portfolio suite is managed by Activam Group, an investment firm that specialises in ...

Recession signs: Economic growth has 'ground to a halt'

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... picture of an economy that "continues to slow significantly", saying economic growth has "ground to a halt". "Indeed, the six-month annualised pace of GDP growth to the March quarter fell to 0.8%. This compares with population growth of 2.4%/yr. The ...

QIC adds to streak of venture capital investments

ANDREW MCKEAN  |  WEDNESDAY, 5 JUN 2024
Queensland Investment Corporation (QIC) has agreed to become a cornerstone investor in early and growth-stage fund Sprint Ventures, while also investing in biotech venture capital firm Brandon Capital. Yesterday, Financial Standard reported that QIC's ...

ETFs dominate client portfolios: Study

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2024
... funds (64%), and direct stocks (51%) and bonds (47%). While advisers feel more optimistic about the economy over the next six to 12 months compared to last year, they also plan to increase allocations to direct bonds and stocks, and cash. Three-quarters ...

Hostplus rejigs Maritime Super insurance

ANDREW MCKEAN  |  WEDNESDAY, 5 JUN 2024
... increase the period members need to have been absent from work before they qualify for the TPD definition from three months to six months, likely delaying financial support. Notably, in the 2023 financial year, the Australian Financial Complaints Authority ...

Equity Trustees hit with fine by APRA

ELIZA BAVIN  |  WEDNESDAY, 5 JUN 2024
... its trusteeship, AMG Super and Super Simplifier. APRA said EQT lodged nine reporting forms 50 days late for AMG Super and six reporting forms 38 days late for Super Simplifier for the quarter ended 30 September 2023. APRA deputy chair Margaret Cole said ...

Broken promises leave survivors in the lurch

ANDREW MCKEAN  |  TUESDAY, 4 JUN 2024
... the sentence "manifestly inadequate." Consequently, it was increased to 18 years, with a non-parole period of 13 years and six months; he'll be eligible for parole in June 2028. Last year, one of Van Ryn's victims sought compensation for the ...

Brookfield bids for majority stake in Neoen

ANDREW MCKEAN  |  FRIDAY, 31 MAY 2024
... Neoen for €39.85 per share, a 26.9% premium over the last closing price and 43.5% premium over the average price of the past six months. If the deal goes through, Brookfield plans to make an all-cash offer for the remaining shares and convertible bonds ...

Early release of super scammers cop prison time

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
... to claim to be other super account holders. Two women who both pleaded guilty on May 28 were sentenced to three years and six months' imprisonment. The third woman was sentenced in April to five months in prison. The Morrison government at the height ...

ASIC tells super funds to 'step it up'

ELIZA BAVIN  |  FRIDAY, 31 MAY 2024
... transparency." Constant said consistency for members was also a strategic and enforcement priority for the regulator. She said with six million Australians are already at pension drawdown age, and with a large number still to come, super funds need to ...