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Showing 831 - 840 of 6513 results for "News"

Early release of super numbers revealed

ELIZABETH MCARTHUR  |  MONDAY, 4 MAY 2020
Australians have withdrawn $1.3 billion of superannuation in just the first week of new early release rules to help those suffering financial hardship as a result of COVID-19. Funds have paid a total of 162,879 early release applications so far out ...

ERS top of mind for advisers

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
Early release of super was the topic most frequently asked about by advisers during March and April, according to new figures from AMP's technical adviser support team. The next most asked about issue was minimum pension drawdowns as the government ...

Super funds release $1.3bn

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
APRA has released the first Early Release Super (ERS) figures, showing $1.3 billion has been paid to members in the first week of the scheme. Under APRA's Early Release Initiative (ERI) data collection, superannuation trustees were asked to submit data ...

Westpac to review business units

JAMIE WILLIAMSON  |  MONDAY, 4 MAY 2020
... group executives to focus on improving performance in our Australian and New Zealand banking businesses," King said. The news comes as the group reports statutory profits dropped 62% year on year. Its cash earnings are down $993 million, or 70%, compared ...

Markets slump as US jobless claims hit 30m

ALLY SELBY  |  FRIDAY, 1 MAY 2020
US bourses fell overnight after data revealed 3.8 million Americans filed for unemployment last week. Over the past six weeks, 30.3 million Americans have filed claims for unemployment benefits as businesses shutter thanks to coronavirus shutdowns. ...

Janus Henderson hit by COVID-19

ELIZA BAVIN  |  FRIDAY, 1 MAY 2020
Janus Henderson assets under management fell 21% compared to the prior quarter, citing the impact of COVID-19. The company said first quarter operating income was US$332.4 million compared to US$154.3 million in the prior quarter. It also noted goodwill ...

Fortescue seeks to hide pricing

ELIZA BAVIN  |  FRIDAY, 1 MAY 2020
... Argus chief executive, Adrian Binks, said the company is vigorously fighting the application. "As an independent publisher of news and information about commodities, Argus journalists shed light on opaque markets by speaking to a range of industry sources," ...

IOOF sees surge in FUM

ELIZA BAVIN  |  FRIDAY, 1 MAY 2020
IOOF announced funds under management grew 34% in the third quarter to $195.6 billion, despite recording a negative impact from its advice and investment management arms. The company said it recorded net outflows of $262 million from its financial advice ...

Lloyds profits down 95%

ELIZABETH MCARTHUR  |  FRIDAY, 1 MAY 2020
UK bank Lloyds reported a profit plunge of 95% compared to the first quarter of 2019 in its latest results. The significant dive in statutory profit was impacted by an impairment charge which occurred due to changes in Lloyds Banking Group's reporting ...

Now is the time to step up: FEW

JAMIE WILLIAMSON  |  THURSDAY, 30 APR 2020
... that, Tullio said a major challenge flagged by FEW members has been in communicating with team members when it's not good news. "Financial services has been quite lucky because it's still an essential service, but there is still quite a lot of redundancies ...