Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 631 - 640 of 4546 results for "October"

Super, retirement unit cushions Link's massive loss

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... Banking and Credit Management (BCM) sale in the next few days and complete the Fund Solutions (FS) sale to Waystone Group in October 2023." Bhatia added that he remains confident about "the underlying quality and capacity of core businesses - RSS and ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... challenges in the life insurance market, particularly from larger competitors boasting more affordable capital costs. By October 2018, the portfolio review culminated in AMP selling its aforementioned businesses to Resolution Life for $3 billion. The ...

HUB24 profits surge 64%

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
... growth opportunities," it said. HUB24 directors have determined a final dividend of 18.5 cents per share to be paid on October 13. Moving forward, the platform provider will target a revised platform FUA range of $92-100 billion by 2025.

Zenith chief exits, names successor

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... created role of investment director. He will remain on the local board and executive team. Wright co-founded Zenith in October 2002 with David Smythe, which at the time provided model portfolios and customised research solutions for advisers. Before ...

Unemployment rate rises as gender wage gap narrows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
... to 2.8% from over 3% at the beginning of 2023, reflecting the broader slowdown in GDP growth. Reaching a low of 3.4% in October 2022, the current unemployment rate of 3.7% is around the lowest levels since 1974. AMP analysis, based on job vacancies ...

GQG hits $104.1bn on back of inflows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
... performance as a pivotal reason clients remail loyal, despite "less compelling" short-term performance. Nevertheless, since its October 2021 IPO, GQG has experienced a 15% rise in FUM, even amid negative benchmark returns spanning November 2021 to June ...

Magellan reverts to old leadership model

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
... Hamish McLennan, who becomes deputy chair and non-executive director. Deborah Page joins as a non-executive director on October 3. She also takes on the role of chair of the audit and risk committee. "Despite challenges over the recent past, we have ...

TelstraSuper enhances lifecycle arrangement, introduces new option

CASSANDRA BALDINI  |  THURSDAY, 17 AUG 2023
... invested in growth assets and introducing a new aged-based moderate investment option for those aged between 65 and 70. Come October, members will shift out of the fund's MySuper Growth option at 50 instead of 45 and older members will transition from ...

ASIC proposes five-year extension to DDO

ANDREW MCKEAN  |  WEDNESDAY, 16 AUG 2023
... the legislative framework. Nevertheless, ASIC's proposed modifications to the instrument include its extension to October 2028 and the removal of an outdated exemption concerning cashless welfare arrangements. "These amendments should not have a ...

US inflation rises 3.2%

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
... Core CPI, however, which excludes the volatile prices of food and fuel, fell to 4.7% from 4.8% in June, the lowest since October 2021. GSFM investment strategist Stephen Miller said while the inflation did rise, it reflects "the vagaries of base effects ...