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Showing 6961 - 6970 of 19594 results for "RIS"

Chief economist update: Younger migrants and the elderly keep wages low

BENJAMIN ONG  |  THURSDAY, 9 AUG 2018
Australians, all, there's now 25 million of us... and counting. The Australian Bureau of Statistics (ABS) reported that the country's population reached 25 million shortly after 11pm AEST on August 7. According to the report, population has ...

AMP profits nosedive, new board director announced

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
AMP profit stumbled 74% in the first half of the year as the wealth manager took a $290 million hit from advice remediation following the financial services Royal Commission. It brought in a net profit of $115 million as compared to $445 million in ...

NAB compensation delays hopelessly conflicted: Royal Commission

KARREN VERGARA  |  WEDNESDAY, 8 AUG 2018
NAB found itself in a "hopelessly conflicted" situation by delaying the process of compensating members charged fees for no service in order to maintain profit levels, the third day of the Royal Commission's inquiry into superannuation heard. This ...

Are SMSF investors too conservative?

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
The view that self-managed superannuation funds with less than $1 million in assets are likely to underperform APRA-regulated funds says more about SMSF asset allocation then it does for where individual members fit inside Australia's $2.6 trillion ...

Boutique fund manager eyes second LIC

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
A Sydney-based international equities manager will soon launch its second listed investment company (LIC) with plans to raise upwards of $300 million for the new venture. Cadence Capital confirmed it will launch an initial public offering (IPO) for ...

IOOF continues organic growth trajectory

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
IOOF is celebrating record financial results, driven largely by its financial advice and platforms businesses and the execution of multiple acquisitions as recent as June. IOOF reported a record underlying profit after tax of $191.4 million for FY18 ...

ESG bond portfolio opens to Aussie investors

KANIKA SOOD  |  TUESDAY, 7 AUG 2018
A Scottish manager is offering a new ESG fixed income fund to institutional investors in Australia, beginning with $135 million in assets under management. The Cameron Hume Global Fixed Income ESG Fund will hold securities from issuers that the specialist ...

NULIS names new chair

KARREN VERGARA  |  TUESDAY, 7 AUG 2018
NULIS Nominees has appointed a new chair, replacing Nicole Smith, who is due to appear before the financial services Royal Commission this week. According to the latest NULIS Nominees Executive Officer Disclosure, Peter Promnitz was appointed as chair ...

Equity Trustees responds to GAM suspension

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
Equity Trustees halted applications into and redemptions from two GAM Investments funds following the suspension of the global manager's fixed income investment director. In a letter to unitholders, Equity Trustees - as responsible entity for the ...

Chief economist update: Do nothing RBA

BENJAMIN ONG  |  TUESDAY, 7 AUG 2018
If all goes according to expectations, today's Reserve Bank of Australia (RBA) Board meeting will mark one-month and two years (25 months) that the country's cash rate had been stuck at a record low 1.50%, and the longest stretch of unchanged ...