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Showing 781 - 790 of 3771 results for "Figure"

Spaceship looks outside of superannuation

KANIKA SOOD  |  WEDNESDAY, 23 MAY 2018
... lot of millennials are saying that wealth management products are difficult to use and what we are really trying to do is figure out what is the right direction to simplify a managed fund," he said. In came the Spaceship Voyager app, which lets users ...

Chief economist update: Onwards and downwards to a recession?

BENJAMIN ONG  |  THURSDAY, 17 MAY 2018
Now look at what you've done. It's over! Japan's eight consecutive quarters of expansion is no more. Preliminary estimates show the country's real GDP contracted by 0.2% in the March quarter, more than reversing the 0.1% gain in the ...

Chief economist update: Stuck in the very slow lane

BENJAMIN ONG  |  WEDNESDAY, 16 MAY 2018
Now we know. Growth in Australian wages remained stuck cruising at a low altitude of 2.1% in the March 2018 quarter, unchanged from the previous quarter and the quarter before that. Take these annual growth rates to two decimal places and we find that ...

Corporate bond demand strengthens: Report

KARREN VERGARA  |  THURSDAY, 3 MAY 2018
... uptake of corporate bonds lagged drastically - less than 1% of the corporate bonds are issued domestically whereas the figure is 20% in the US, the report said. "While the size of Australia's corporate bond market has grown rapidly during the past 10 ...

IOOF flags ANZ Wealth results ahead of acquisition

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
IOOF alerted shareholders to the updated performance figures for the businesses it is planning to acquire from ANZ. The bank's 1H18 results reveal that cash profits in the wealth division slid by 24% to $44 million. ANZ said this was because of a non-recurring ...

Government names AFCA board members

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
Four industry figures, including a prominent Sydney financial planner, have been appointed to the board of the Australian Financial Complaints Authority (AFCA). The new members are Claire Mackay, Andrew Fairley, Erin Turner and Alan Wein. They join ...

SMSFs ramp up LRBA and property allocations

KARREN VERGARA  |  TUESDAY, 1 MAY 2018
Latest ATO figures show self-managed super funds' interest in limited recourse borrowing arrangements (LRBA) and residential property assets have skyrocketed in the last five years. December 2017 quarterly data shows the sector held $31.4 billion in ...

Pension funds must recognise stewardship licence: WTW

DARREN SNYDER  |  TUESDAY, 1 MAY 2018
... Urwin said it's a "soft fact" that less than 1% of spend in the investment management industry is on stewardship. And that figure can't be right if you hold a normative view, he said. Speaking at the 2018 Willis Towers Watson Ideas Exchange in Melbourne ...

Government to increase SMSF member limit

KARREN VERGARA  |  MONDAY, 30 APR 2018
The Federal Government announced it will expand the maximum number of self-managed superannuation fund members from four to six - a proposal welcomed by the SMSF Association. Revenue and Financial Services Minister Kelly O'Dwyer said the change will ...

ASIC grilled over negotiating with banks

ALEX BURKE  |  FRIDAY, 27 APR 2018
... undertakings; both banks made payments of $3 million. Orr asked how ASIC determined, with the banks, that this was an appropriate figure. "I'm not really aware of that. That was not a decision made by me. I was aware of discussions around it but I can't ...