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Showing 7141 - 7150 of 28267 results for "NOT"

Chief economist update: Fed heads for the mountain

BENJAMIN ONG  |  FRIDAY, 28 AUG 2020
"If the mountain will not come to Muhammad, then Muhammad must go to the mountain." True to its legend, the Jackson Hole symposium - online as it may be this year due to the pandemic - produced another significant shift in US monetary policy. On August ...

APRA issues new licence conditions on NULIS

ELIZABETH MCARTHUR  |  THURSDAY, 27 AUG 2020
... into MySuper products, grandfathering certain fee arrangements and the charging of fees to members for services that were not provided may not have been in members' best interests. APRA did not conclude that NULIS breached the Superannuation Industry ...

Vanguard leaves Hong Kong, Japan for Shanghai

ANNABELLE DICKSON  |  THURSDAY, 27 AUG 2020
... (ETF) businesses from Hong Kong and Japan to focus on retail clients in mainland China as the two offshore operations did not have "significant scale". The ETF provider said in a statement to the Stock Exchange of Hong Kong that it made the decision ...

Shareholders approve Aon, WTW merger

JAMIE WILLIAMSON  |  THURSDAY, 27 AUG 2020
... and at the special meeting of WTW shareholders which was ordered by the High Court of Ireland. A spokesperson for WTW could not comment on what the merger means for the Australian business. Under the terms of the deal, Aon shareholders would own 63% ...

No bonus again for Platinum's Clifford

KANIKA SOOD  |  THURSDAY, 27 AUG 2020
... profits for FY20. Andrew Clifford, who took over from Neilson as the chief investment officer and chief executive, elected to not receive any variable awards for FY20 under both the executive and investment plans. No member of the investment team received ...

Is your CEO smart or just lucky?

KANIKA SOOD  |  THURSDAY, 27 AUG 2020
... from performance, the reality is far from the theory. The academic says, chief executives are rewarded for market luck but not penalised as heavily for bad luck. "In the baseline specification, a one standard deviation increase in firm performance due ...

ASIC grants frozen fund relief

JAMIE WILLIAMSON  |  THURSDAY, 27 AUG 2020
ASIC is granting new relief measures to help investors facing financial hardship get access to money stuck in frozen funds. Pandemic-induced volatility has seen a number of managed investment schemes freeze redemptions for fear of undermining their ...

Heine family sells Netwealth shares

KANIKA SOOD  |  THURSDAY, 27 AUG 2020
... who work together as joint managing directors of Netwealth. The share of Michael Heine's other son, Nick Heine, who is not involved in the business, will also have been about $12 million, according to ASIC documents for Heine Brothers Pty Ltd. Leslie ...

COVID-19 may delay retirement: WTW

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... contributions." Callil said at a time where unemployment is projected to reach its highest since the great depression, many members will not have the ability or inclination to use available income to support additional contributions even where the need ...

Household debt a major risk: RBA

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... financing is owed directly by households, while in many other countries rental housing is owned by corporations, the government or not-for-profits and so debt financing is owed by other sectors." The RAB said falls in nominal interest rates and the deregulation ...