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Showing 581 - 590 of 4538 results for "Dollar"

MySuper funds redeem performance

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
MySuper funds continue to recoup coronavirus-induced losses, as the latest Rainmaker research finds default products have on average gained three out of every four dollars lost in February and March. The 2021 financial year kicked off in positive territory ...

AMP flags redundancies

KARREN VERGARA  |  THURSDAY, 1 OCT 2020
... business. De Ferrari is also reshaping the advice network and capitalising on the success of AMP Capital and its platform. In dollar terms, De Ferrari expects his strategy to realise cost savings of $300 million by 2022.

Pension funds sue Allianz Global Investors

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
Several pension funds are suing hedge funds managed by Allianz Global Investors for allegedly engaging in risk-taking behaviour and losing billions of dollars in retirement savings. The Arkansas Teacher Retirement System (ATRS) was the first pension ...

Mawhinney lashes out at regulator

ELIZABETH MCARTHUR  |  TUESDAY, 29 SEP 2020
... M+ noteholders," the liquidator said. The M Core notes were marketed as extremely low risk fixed income debentures with dollar-for-dollar security. ASIC has continued to allege this marketing was misleading. Despite all this, Mawhinney said the liquidators' ...

Corporate fund overhauls admin fees, premiums

ELIZABETH MCARTHUR  |  MONDAY, 28 SEP 2020
... admin fees, with 0.30% per annum of account balance with a cap of $1000 now reduced to 0.25% per annum with a $600 cap. The dollar-based admin fee will be gone from 1 October 2020. The fund has been working to reduce fees, eliminating switching fees ...

Microcap manipulators caught out

ANNABELLE DICKSON  |  THURSDAY, 24 SEP 2020
A ring of microcap share manipulators have had their assets frozen by the Securities and Exchange Commission after procuring US$9 million in illegal profits by defrauding retail investors. The SEC alleged in a complaint that between 2013 and 2017 Ongkaruck ...

Chief economist update: October rate cut?

BENJAMIN ONG  |  THURSDAY, 24 SEP 2020
... seen as the "norm" in previous years is not appropriate for these unique times." Bill moved the markets. The Australian dollar dropped from US$0.7171 to US$0.7115 and continued to fall to as low as US$0.7060 in overnight trade. The bank bill swap rate ...

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
Westpac has agreed to pay a civil penalty of $1.3 billion in relation to its contraventions of the anti-money laundering and counter terrorism laws. As part of the agreement with AUSTRAC, Westpac has admitted to additional contraventions that were outlined ...

Chief economist update: RBA negative on negative interest rate policy

BENJAMIN ONG  |  WEDNESDAY, 23 SEP 2020
... on a regular basis. (2) Foreign exchange intervention is another potential policy option. However, with the Australian dollar broadly aligned with its fundamentals, it is not clear this would be effective in the current circumstances. (3) lower the current ...

Amnesty unearths $588m unpaid super

KARREN VERGARA  |  MONDAY, 21 SEP 2020
... superannuation guarantee charges. It was about reuniting Australians with money that is rightfully theirs, making sure every dollar that is owed to workers goes back to them." The SG Amnesty was a one-off opportunity for employers to disclose and pay ...