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Showing 41 - 50 of 273 results for %22October ANZ%22

ANZ completes OnePath sale to IOOF

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... groups in 2018. It was a renegotiated sale price, down $125 million from the original $950 million announced to the ASX in October 2019. "ANZ estimates proceeds from the transaction will increase its CET1 capital ratio by ~20 basis points," the bank ...

Global manager's Aussie distribution head retires

KANIKA SOOD  |  MONDAY, 13 JAN 2020
... of client satisfaction over the years thanks to Murray's thoughtful and effective approach to client service." In October, T.Rowe Price hired Allianz Retire+'s head of consultants and research Cassandra Crowe as its new head of consultants for ...

Latitude Financial joins banks on AFCA complaints list

ALLY SELBY  |  MONDAY, 13 JAN 2020
... snapshot of AFCA's first twelve months, the authority received 73,272 complaints, of which 77% had been resolved by 31 October 2019. During these 12 months, 17% of licensee members had a complaint lodged against them. Banks received 25,826 complaints ...

IOOF, ANZ transaction gets green light

ELIZA BAVIN  |  TUESDAY, 10 DEC 2019
... APRA's industry-wide focus on improving outcomes for superannuation members. The acquisition was originally announced in October 2017 but was delayed on the back of the Royal Commission. The sale finally went through in October of this year, with IOOF ...

Super funds to crack 13% by year end, retail leading

KANIKA SOOD  |  THURSDAY, 5 DEC 2019
... industry funds' MySuper returns by 1.8%. The MySuper Index from SelectingSuper returned 10.9% for the 12 months to October end, which is similar to August 2018 levels. But more importantly, the index is on track to approach returns last seen six ...

Chief economist update: How low will Lowe go?

BENJAMIN ONG  |  FRIDAY, 15 NOV 2019
... low would RBA Governor Lowe go? The more rate cut writings were splashed all over the wall since the last rate cut in October. Historically, the A$ falls to the occasion whenever there's trouble in foreign shores. The A$/US$ sank from US$0.80 to ...

Chief economist update: Beam us up Scotty

BENJAMIN ONG  |  FRIDAY, 25 OCT 2019
... we're now teetering on the brink. The flash estimate of the Commonwealth Bank Composite PMI fell to a reading of 50.7 in October from 52.0 in the previous month as both the manufacturing (down to 50.1) and services (down to 50.8) sectors close in ...

Chief economist update: Rate cuts coming, but not on race day

BENJAMIN ONG  |  MONDAY, 21 OCT 2019
... on paper). Forget about a Melbourne Cup Day interest rate cut! The minutes of the Reserve Bank of Australia's (RBA) October 1 Board meeting first hinted on this, stating that the stimulatory effects of lower interest rates on borrowing "may not be ...

IOOF acquires OnePath at a discount

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... OnePath pensions and investments business for $850 million, down from the original sales price of $975 million announced in October 2017. ANZ said the new price includes around $25 million that it has already received for the sale of is ADGs in October ...

Chief economist update: This is a job for the RBA (and the Treasury)

BENJAMIN ONG  |  FRIDAY, 20 SEP 2019
... conviction that the Reserve Bank of Australia (RBA) will cut interest rates again when it meets on the first Tuesday of October - taking the official cash rate to a new record low of 0.75%. The All Ordinaries index gained 0.5% and the yield on 10-year ...