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Showing 6151 - 6160 of 15793 results for "TER"

Scrapping LRBAs would be detrimental to investors

DARREN SNYDER  |  WEDNESDAY, 7 NOV 2018
A commercial property lender believes banning limited recourse borrowing arrangements in their entirety would be too heavy handed, saying critics often cite residential property spruikers to cast shadows. Thinktank chief executive Jonathan Street said ...

Chief economist update: The Middle Kingdom's middling growth

BENJAMIN ONG  |  TUESDAY, 6 NOV 2018
It's the first Tuesday of November - the time when the "Melbourne Cup" runs and the Reserve Bank of Australia (RBA) meets only a few hours apart. All bets are on! There are so many odds on the various horses running in the Cup but there's only ...

Pinnacle drops fees in Blue Sky fund bid

KANIKA SOOD  |  MONDAY, 5 NOV 2018
Pinnacle has knocked off performance fees from its bid to manage the Blue Sky Alternatives Access Fund, bringing it in line with Wilson Asset Management's bid, according to LIC's directors. The two managers have put in proposals to gain the ...

Asset manager shutters two funds

KARREN VERGARA  |  MONDAY, 5 NOV 2018
A $310 billion asset manager has closed two of its actively managed Australian equity funds. The Nikko AM Australian Share Value Fund and Nikko AM Australian Share Fund were terminated on 21 September 2018. Nikko Asset Management Australia said the ...

Industry fund chief exits

KARREN VERGARA  |  MONDAY, 5 NOV 2018
The long-running chief executive of a $9.4 billion industry superannuation fund is stepping down. Frank Pegan is exiting his role as chief executive at Catholic Super after 17 years at the helm. Chief risk officer David O'Sullivan acts as chief ...

Royal Commission hits Westpac cash earnings

JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
Westpac reported a flat net profit of $8 billion with increased remediation provisions and legal costs weighing on the group's cash earnings. The group recorded a 1% increase in net profit year-on-year to $8.095 billion for the 12 months to September ...

Assistant Treasurer warns super funds to lift engagement game

KARREN VERGARA  |  FRIDAY, 2 NOV 2018
Federal Assistant Treasurer Stuart Robert slammed superannuation funds for not doing enough to engage members and for specifically letting the issue of multiple accounts get out of control. Robert told this week's Financial Services Council policy ...

Chief economist update: Australia's low(er)-flation

BENJAMIN ONG  |  THURSDAY, 1 NOV 2018
Will the next move in the official cash rate, as Reserve Bank of Australia (RBA) Governor Philip Lowe put it, likely "be up, rather than down"? To answer this, we have to look at the RBA's mandate of full employment and meeting an "agreed medium-term ...

Industry fund appoints former Labor politician

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
A $46 billion industry fund has appointed a former federal health minister as an independent chair, starting at the end of the year. Nicola Roxon will take over as HESTA's chair when current chair Angela Emslie steps down at the end of her term ...

ANZ wealth flows decline

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
ANZ's divested pension and investment businesses continued to record net outflows as it passed the baton to IOOF, the bank's full-year results show. In its financial results for the year ending 30 September 2018, released this morning, ANZ reported ...