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Showing 51 - 60 of 503 results for "Plum"

ANZ sees profits plummet, plans to exit thermal coal

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
ANZ has felt the wrath of the pandemic, reporting a 42% loss on cash profit in its full year results as it tries to protect itself from future credit losses. It has also updated its climate policy, saying it will exit thermal coal by 2030. The bank's ...

ClearView seeks to raise at least $40m

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
ClearView Wealth has announced the launch of a new subordinated notes issue to wholesale investors seeking to raise between $40-75 million. Clearview Wealth said the proceeds of the raise will be used for general corporate and capital management purposes. ...

Future Fund slashes fees

KARREN VERGARA  |  TUESDAY, 20 OCT 2020
The Future Fund is paying less in fund management fees as it pivots toward more passive investment strategies. During the last financial year, the fund paid $224.7 million to external investment managers, nearly a quarter (23%) less than the total payout ...

UBS, Insight IM win Future Fund mandates

KARREN VERGARA  |  MONDAY, 19 OCT 2020
UBS and Insight Investment Management won significant mandates last financial year, helping manage the equities portfolio for the $161 billion Future Fund. According to the sovereign wealth fund's FY20 annual report, UBS won an Aussie equities ...

Retail super fund scores best customer service nod

KARREN VERGARA  |  FRIDAY, 16 OCT 2020
A retail superannuation fund has taken the top spot in a comprehensive member satisfaction and experience survey, bumping off AustralianSuper from the top. Colonial First State has regained the top spot in the Forrester Research's 2020 Australia ...

VFMC chief joins ING board

KANIKA SOOD  |  FRIDAY, 2 OCT 2020
... director on ING Australia's board on September 21. She has 30 years of experience with senior executive roles at NAB, MLC, Plum Financial Services and AXA. Gray started her second term as chief executive of VFMC in February 2019, in an appointment that ...

Chief economist update: Pandemic, what pandemic?

BENJAMIN ONG  |  THURSDAY, 1 OCT 2020
Like the Energizer bunny, the price of iron ore keeps on going and going and going... up. And this, despite the coronavirus pandemic still doing the rounds on Earth - ongoing first wave or second wave - with worldometer.com's latest stats showing ...

Chief economist update: The W in the second wave

BENJAMIN ONG  |  TUESDAY, 29 SEP 2020
"The summer has ended When it left, you left too..." -Leif Garrett, When I Think of You' Right in the middle of the Northern Hemisphere summer, the Euro Stoxx-50 index surged by 42.7% from the eight-year low it plumbed in the middle of March this ...

Australian Unity profits plummet

ALLY SELBY  |  WEDNESDAY, 9 SEP 2020
Australian Unity has seen its profits plummet more than 70% compared to the previous financial year, with the group noting the impacts of COVID-19 saw it miss out on about $26 million in profit. Australian Unity reported a profit after income tax of ...

Chief economist update: AUD on the up and up

BENJAMIN ONG  |  TUESDAY, 1 SEP 2020
Financial markets view the A$ as a risk currency - it's sold off in times of heightened uncertainty - and has a high growth beta - only bought in times of global prosperity. So Virginia, how do we explain the rise and rise of the Australian dollar ...