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Showing 41 - 50 of 150 results for %22Associated Press%22

Australian Unity profits plummet

ALLY SELBY  |  WEDNESDAY, 9 SEP 2020
... provisioning (up $6.5 million) and higher client care costs (up $7.1 million). Operating expenses were also impacted by costs associated with the group's corporate office moving to leased premises (a $7 million impairment), as well as some "timing-related ...

APRA expands super data collection

ELIZA BAVIN  |  FRIDAY, 28 AUG 2020
... improving member outcomes. "APRA recognises that superannuation trustees are under pressure from a range of challenges associated with COVID-19. However additional, high quality data that is reported regularly and consistently is essential to understanding ...

No returns in sight for AAP investors

ALLY SELBY  |  TUESDAY, 21 JUL 2020
The consortium that saved Australian Associated Press' newswire will get no return on their investment, with contributors donating anywhere between $3000 and $1 million at the close of the financial year. Led by impact investor Nick Harrington and philanthropist ...

Trust in advisers wanes

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... those without an adviser said the same. The study also found that the findings of the Royal Commission and the associated press coverage did not change investors' minds as to where and how they will seek advice. Further, 40% of investors believe ...

Aussie financial firms struggle to manage risk: Study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... of adopting artificial intelligence across their businesses. Fewer still, believed they could fully assess the risks associated with robotic process automation (6%) and blockchain (7%). Accenture urged Australia's risk executives to adapt their approaches ...

Super consolidation to slash 60% of funds

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
... targeting smaller sub-scale funds may not be the best mechanism to achieve a material outcome in regard to scale and its associated benefits," Elkins said. "An increasing number of Australia's superannuation funds are going to achieve a scale over the ...

Australia only needs 15 super funds: Consultant

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... meanwhile some large funds that are not as efficient as well-managed boutique funds. After all, most scale nowadays is associated with administration and fund operations, not raw dollars under management." Chhikara said the Productivity Commission's ...

The next big short

ALLY SELBY  |  THURSDAY, 23 APR 2020
... trouble during the GFC and passive investing, is that it in no way tries to transform the underlying value or the risk associated with the investments themselves." CDOs and subprime mortgage securities, in comparison, didn't have great characteristics ...

The blame game

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
... policymakers go down the route of a handful of larger funds, more thought and discussion needs to be put into the risks associated with this approach," he said. Griffith said he believes the industry is diversified, but the current public discourse is ...

Business unusual: COVID-19 threats facing real estate

ALLY SELBY  |  THURSDAY, 2 APR 2020
... they should pay a discounted price for the unit to reflect both the risk for a price reduction and the cash flow risk associated with the property."