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Showing 8451 - 8460 of 21779 results for "Dec"

Chief economist update: ECB bids farewell to QE

BENJAMIN ONG  |  FRIDAY, 14 DEC 2018
The European Central Bank (ECB) delivered on its promise. While it kept interest rates unchanged - repo rate at 0%; deposit facility rate at -0.4%; marginal lending facility rate at 0.25% - at its December 13 Governing Council meeting, it also confirmed ...

Centrepoint pulls out of NEOS Life

JAMIE WILLIAMSON  |  THURSDAY, 13 DEC 2018
Centrepoint Alliance will no longer back life insurance startup NEOS Life, requesting its investment be repaid in full sooner than originally agreed to. In line with its recent strategy refresh, a review of Centrepoint's assets and interests determined ...

Schroders hires former Hunter Hall portfolio manager

KANIKA SOOD  |  THURSDAY, 13 DEC 2018
The global manager with $39 billion of Aussie investor money has added to its Sydney-based investment team, including a former Hunter Hall portfolio manager. Schroders is welcoming Sebastian Mullins as a portfolio manager on the multi-asset team. Also ...

Superannuation fund introduces fee changes

KARREN VERGARA  |  THURSDAY, 13 DEC 2018
A $3.6 billion public offer fund has made a number of fee changes to its superannuation and retirement products. WA Super has ceased charging an $80 exit fee and $80 withdrawal fee for its Retirement Solutions product from 5 November 2018. Members can ...

Mercer names senior investment consultant

KARREN VERGARA  |  THURSDAY, 13 DEC 2018
Mercer has made a senior appointment that will help grow its investment consulting business. Rebecca Jacques joins as a senior investment consultant in the Institutional Wealth Pacific team. Jacques is the former general manager of the Australian Goals ...

APRA unveils new prudential measures

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
APRA has finalised new measures aiming to strengthen superannuation member outcomes that will take effect from 1 January 2020. Among the initiatives, the regulator will require RSE licensees of MySuper and choice products to assess, annually benchmark ...

CBA stashes cash for compliance

DARREN SNYDER  |  WEDNESDAY, 12 DEC 2018
Commonwealth Bank will put aside an additional $350 million in 2019 to cover larger than expected costs for compliance and remediation programs as well as its separation from CommInsure Life. In an update to the ASX on Tuesday evening, CBA said its ...

Chief economist update: So much Brexit uncertainty, so little time

BENJAMIN ONG  |  WEDNESDAY, 12 DEC 2018
When UK prime minister Theresa May declared that "Brexit is Brexit" and "no Brexit deal is better than a bad Brexit deal" when she addressed EU ambassadors in London on the 17 January 2017, she laid out 12 objectives for Brexit negotiations: 1. Clarity ...

Retirement income covenant consultation continues

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
Treasury is seeking consultation on disclosure documents and calculation methods for its proposed retirement income covenant. Phase two of the Retirement Income Framework is aiming to develop standardised and simplified metrics in product disclosure ...

Complainants most satisfied with life insurers

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
Complaints staff of life insurance companies are the most helpful when it comes to resolving customer disputes, ASIC has found. The regulator documented consumers' complaints journey across financial services and life insurance to find staff of ...