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Showing 8651 - 8660 of 21783 results for "Dec"

RBNZ on ice into 2020

BENJAMIN ONG  |  FRIDAY, 28 SEP 2018
There were some moments so far in 2018 when it perked up against the US dollar but the path of least resistance has been a decline for the New Zealand dollar. The NZ dollar has dropped by 6.8% versus the greenback (to US$0.6628) this year to date and ...

BT Financial Group divests Ascalon

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
BT Financial Group is offloading Ascalon Capital Managers to an ASX-listed financial services firm. Westpac has entered into an agreement that will see ownership of the funds management business transition to Generation Development Group, formerly known ...

Industry fund announces new leadership

JAMIE WILLIAMSON  |  THURSDAY, 27 SEP 2018
A $9 billion industry superannuation fund has named its new chief executive. Laura Wright has been officially promoted to lead NGS Super, having served as interim chief executive since February when long-serving chief Anthony Rodwell-Ball retired. Wright ...

Three down one to go, then another three in 2019

BENJAMIN ONG  |  THURSDAY, 27 SEP 2018
And so it came to pass. As expected, the US Federal Reserve lifted the fed funds rate target range by 25 basis points to 2.0%-2.25% following its two-day FOMC meeting on the 25th and 26th of September. US equities rallied immediately after the Fed's ...

Part-time work widens super gender gap

KARREN VERGARA  |  WEDNESDAY, 26 SEP 2018
Women approaching retirement will have 37% less in their superannuation balance than men, latest figures from the Australian Bureau of Statistics show. Women aged between 55 to 64 years old will have an average of $196,000, while men retire with a significantly ...

S&P Dow Jones partners with pension fund giant

KARREN VERGARA  |  WEDNESDAY, 26 SEP 2018
Index provider S&P Dow Jones Indices has partnered with an international pension fund that will benchmark its ESG investment strategy against two newly launched indices. The Japanese Government Pension Investment Fund (GPIF) is using two of S&P's new ...

AFA rejects criticism over grandfathered commissions

JAMIE WILLIAMSON  |  WEDNESDAY, 26 SEP 2018
The Association of Financial Advisers used a submission to the Royal Commission to hit back at suggestions the advice industry has not adequately responded to the prevalence of grandfathered commissions. Citing historic government media releases and ...

Chief economist update: Surplus here we come

BENJAMIN ONG  |  WEDNESDAY, 26 SEP 2018
The US Federal Reserve is poised to announce another 25 basis point taking the fed funds rate to 2%-2.25% when it concludes its September FOMC meeting later today. That wouldn't be a surprise. Another 25 basis point hike in December also wouldn't ...

BNY Mellon subsidiary to shutter

JAMIE WILLIAMSON  |  TUESDAY, 25 SEP 2018
BNY Mellon Investment Management will wind down one of its funds management subsidiaries. BNY Mellon Investment Management has announced its intention to close EACM Advisors, its multi-manager and fund of hedge funds investment manager based in Norwalk ...

ASIC hires from Link Group

KANIKA SOOD  |  TUESDAY, 25 SEP 2018
ASIC has hired a senior specialist in its investment managers and superannuation team from Link Group, the two parties confirmed. Melissa Birks was Link Group's in industry initiatives manager. She had been in the role since 2016. Prior to this, she ...