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Showing 6811 - 6820 of 28267 results for "NOT"

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
Westpac has reported a "disappointing" full year result with statutory profit down a staggering 66% as a result of the ongoing pandemic and its anti-money laundering fine. Statutory profit decreased $4.94 billion to$2.29 billion while cash earnings ...

Climate change greater threat than COVID: Report

ELIZA BAVIN  |  MONDAY, 2 NOV 2020
... technologies and ideas to create a new growth economy in Australia that is resilient to risks are available today. Our climate does not care about borders, politics, or ideologies, so the ultimate solution to mitigating global warming risk still has ...

Challenger shareholders revolt against remuneration

KANIKA SOOD  |  FRIDAY, 30 OCT 2020
... report include Japanese insurer MS&AD (14.95%) and Caledonia (14.64%). Caledonia's chief investment officer Will Vicars did not respond to a request for comment.

Westpac settles two class actions

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
... executive Brian Hartzer and current chief executive Peter King as defendants. Westpac described the settlement amount as "not material" and "resolves all claims against the defendants without any admission of liability." Separately, the bank settled ...

Institutional mandates spring back to life

KANIKA SOOD  |  FRIDAY, 30 OCT 2020
... institutional inflows that we were expecting didn't come. People stopped doing new allocations. We hoped it was demand deferred and not demand lost. Happily that has proven to be the case," he said. The $1.7 billion was split nearly 50-50 among local ...

UniSuper revises fees for TTR members

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
... disclosure regime from 1 October 2020." Under the Flexi Pension Balanced option for example, TTR members pay 0.40% per year but do not pay admin fees. In October 2018, the fund reduced admin fees for members with lower balances. The $96 admin fees per ...

Wages will not rise from SG cut: ISA

ELIZA BAVIN  |  FRIDAY, 30 OCT 2020
... will increase if the planned superannuation guarantee rise is delayed. ISA said the evidence that ditching the SG rise will not help wages can be seen from the last time it was cut in 2014. In 2014, the coalition dumped the scheduled increase to the ...

Chief economist update: Not out of the woods

BENJAMIN ONG  |  FRIDAY, 30 OCT 2020
The US has reversed its biggest economic contraction in history with the sharpest recovery on record. The US Bureau of Economic Analysis (BEA) reported that the country's GDP increased at annualised rate of 33.1% in the September 2020 quarter following ...

Ares bids for AMP

ELIZA BAVIN  |  FRIDAY, 30 OCT 2020
... from US-based Ares Management. The offer is to acquire 100% of the shares in AMP by way of a scheme of arrangement, but did not reveal the proposed value. "AMP notes discussions on the proposal are at a very preliminary stage and there is no certainty ...

First strike at Pengana LIC

KANIKA SOOD  |  THURSDAY, 29 OCT 2020
... Pillemer, who is also director and chief executive officer of Pengana Capital Group Limited, PIA's investment manager, is not remunerated by PIA. The director's fees for non-executive directors have remained constant since the 2018 financial year, when ...