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Showing 661 - 670 of 2179 results for "In March"

Details of Mayfair's default revealed

ELIZABETH MCARTHUR  |  MONDAY, 1 JUN 2020
... used to make these payments, and continued to request clarification. Mayfair failed to pay two $2 million repayments in March. By April 7 Mayfair had proposed a payment plan but Vasco said the plan was not acceptable. Vasco had to write to Mawhinney ...

COVID-19 deepens life insurer losses

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
... fell by 78.1% in the 12 months to March 2020." Risk products reported a combined net loss after tax of $191.3 million in March quarter. For the full year ending March, their NPAT was -$1.6 billion compared to a loss of $94 billion. Within the risk universe ...

ASIC bans Linchpin directors

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
... companies to gain an advantage for other persons and cause detriment to members of the Investport Income Opportunity Fund. In March last year, ASIC obtained orders in the Federal Court against Linchpin and Endeavour for contravening multiple provisions ...

Sydney boutique shutters fund

KANIKA SOOD  |  THURSDAY, 28 MAY 2020
... fees. VIX, also commonly called the fear or greed index, started the year at 12.47 and averaged 19.63 in February, 57.74 in March and 44.12 in April. Triple3, in its investor updates for last two months admitted to having missed the volatility spike ...

Complaints abound during COVID-19: AFCA

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... Complaints Authority (AFCA) has received over 3180 COVID-19 related financial complaints since the pandemic was declared in March, with more than 600 directed at superannuation funds. Speaking to members at on online forum, chief operating officer Justin ...

Chief economist update: Eurozone contraction heads from mild to severe

BENJAMIN ONG  |  THURSDAY, 28 MAY 2020
... 'Just Once', James Ingram The European Central Bank (ECB) launched a new €750 billion asset purchase programme in March in response to the coronavirus pandemic. The following month, it lowered the interest rate on TLTRO III - emergency lending ...

Year-long delay for super merger

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
... product to CareSuper citing market uncertainty and volatility from COVID-19. It did not provide a new date at the time. In March, Tasplan and MTAA Super, who committed to a merger late last year, moved back the date of the merger from 1 October 2020 ...

Chief economist update: Japan reopens for business

BENJAMIN ONG  |  TUESDAY, 26 MAY 2020
... (BOJ) ever-so-elusive 2.0% target. The country's annual headline inflation rate weakened to 0.2% in April (from 0.4% in March); core-core inflation decelerated to 0.2% (from 0.6%); and most notably, core inflation of 0.4% in March turned into deflation ...

Balanced funds fundamentally flawed

ALLY SELBY  |  MONDAY, 25 MAY 2020
... exposure to growth assets, according to Cor Capital executive director Tom Rachcoff. "It's little wonder they were shocked in March at their portfolios' growth risk exposures," he said. "It happened during the Global Financial Crisis (GFC) and now we ...

IOOF settles class action

JAMIE WILLIAMSON  |  MONDAY, 25 MAY 2020
... party, the group said. "IOOF is very pleased with the outcome," IOOF said. The open class action was originally announced in March 2019 with Quinn Emanuel partner Damien Scattini telling Financial Standard he was confident tens of thousands of shareholders ...