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Showing 5251 - 5260 of 21770 results for "Dec"

Chief economist update: RBA cash rate on ice until 2024

BENJAMIN ONG  |  WEDNESDAY, 2 JUN 2021
Except to reinforce its message that interest rates will remain at record lows "until 2024 at the earliest", the Reserve Bank of Australia's (RBA) June board meeting was largely a ho-hum affair. As expected, the RBA left monetary policy settings ...

Westpac senior leader departs

ELIZABETH MCARTHUR  |  TUESDAY, 1 JUN 2021
The former head of Westpac Private who has been working in consumer and business banking has departed after a decade with the bank. Westpac confirmed Jane Watts is leaving the company after 10 years. Her most recent position was as business chief customer ...

Class action consultation opens

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
Following industry backlash last year, the government is consulting on the recommendations for litigation funding and class actions. The Parliamentary Joint Committee on Corporations and Financial Services Report Litigation funding and the regulation ...

IOOF completes merger, appoints executives

ELIZABETH MCARTHUR  |  TUESDAY, 1 JUN 2021
IOOF completed its acquisition of MLC Wealth from National Australia Bank yesterday, adding 406 financial advisers to IOOF and making key appointments. Nine months after announcing the deal, IOOF has integrated MLC Wealth in a move that has also doubled ...

Chief economist update: OECD upgrades global growth but advises continued policy support

BENJAMIN ONG  |  TUESDAY, 1 JUN 2021
"The global economy has now returned to pre-pandemic activity levels." This was what the Organisation for Economic Cooperation and Development's (OECD) latest 'Economic Outlook' report revealed as it upgraded its projections for the world ...

Global Merces MD cops ASIC ban

KARREN VERGARA  |  MONDAY, 31 MAY 2021
The corporate regulator has banned Holly Grofski, the managing director of Global Merces Funds Management, from working in financial services for six months. ASIC's banning order is in addition to the criminal charges Grofski is facing, which alleges ...

PEXA to IPO in June

ANNABELLE DICKSON  |  MONDAY, 31 MAY 2021
Link Group has announced that digital property settlement platform PEXA will list on the ASX towards the end of June after fielding offers from private equity firms. Link has signed an underwriting agreement for the initial public offering of PEXA ...

UBS AM wholesale client coverage lead departs

KARREN VERGARA  |  MONDAY, 31 MAY 2021
UBS Asset Management Australia's head of wholesale client coverage has left the firm after nearly four years in the role. Ben Williams joined UBS AM in August 2017, tasked with managing relationships with aligned and independent financial advisers. ...

Jobs to go at AMP Australia

ELIZABETH MCARTHUR  |  MONDAY, 31 MAY 2021
With the leadership of AMP Australia's new chief executive Scott Hartley, the business will undertake a restructure which is likely to cost jobs. The Sydney Morning Herald reported that a source claimed 20% of all AMP Australia staff would be made redundant. ...

Chief economist update: The UK's going OK

BENJAMIN ONG  |  MONDAY, 31 MAY 2021
The country hasn't fully opened yet but easing restrictions, increased rate of vaccinations and stronger consumer and business spending combined to speed up the UK's recovery. This is underscored by the latest IHS Markit/CIPS PMI survey. Preliminary ...