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Showing 851 - 860 of 4737 results for "Reserve"

Details of Mayfair's default revealed

ELIZABETH MCARTHUR  |  MONDAY, 1 JUN 2020
Vasco Trustees and ASIC had grave concerns about the financial position of Mayfair 101 for months before receivers were appointed to IPO Wealth, according to court filings. Filings from Vasco Trustees, the trustee for the IPO Wealth Fund, in the Supreme ...

State Street rejigs international equities fund

KANIKA SOOD  |  MONDAY, 1 JUN 2020
State Street has relaunched an international equities fund for local investors looking for a climate change and ESG focused portfolio, with a new benchmark. The State Street Climate ESG International builds on a fund launched in 2016, which initially ...

COVID-19 deepens life insurer losses

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
Australian life insurers posted a net loss of $1.8 billion for the year ending March, taking a significant hit from the previous year's profits of $759 million, according to APRA statistics for March quarter. The life insurance industry had $185.3 billion ...

Wage growth, not wage cuts

ALLY SELBY  |  FRIDAY, 29 MAY 2020
... measured by gross domestic product," he said. "Nevertheless, the standard neoclassical growth model used by the treasury and Reserve Bank doesn't recognise this. "Instead, it assumes that over the medium term economic growth is entirely determined by ...

Red tape to slow recovery: Lowe

ELIZA BAVIN  |  FRIDAY, 29 MAY 2020
Reserve Bank of Australia governor Philip Lowe has called for de-regulation, warning excess regulation threatens the "dynamism" of the Australian economy. Speaking to the Senate Select Committee on COVID-19, Lowe said the past three months have been ...

Chief economist update: Better than all the rest

BENJAMIN ONG  |  FRIDAY, 29 MAY 2020
... met..." A great many, if not all Australians, would have had this Tina Turner classic playing in their heads listening to Reserve Bank of Australia (RBA) governor Philip Lowe's remarks before the Senate Select Committee on COVID-19. Straight from ...

APRA quashes super liquidity concerns

HARRISON WORLEY  |  THURSDAY, 28 MAY 2020
... prudential perspective." Paterson then asked if APRA had provided any advice to the government about the need for the Reserve Bank to provide liquidity assistance to super funds. APRA chair Wayne Byres said the issue was raised at the Council of Financial ...

APRA pushes for super fund consolidation

JAMIE WILLIAMSON  |  THURSDAY, 28 MAY 2020
APRA has urged all superannuation funds to be more proactive in considering their options, saying that while COVID-19 will pass, its impact will be felt for far longer and funds will soon run out of excuses. Over the past seven years, the number of ...

Super escapes COVID-19 hit

HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
Latest data from APRA shows that the superannuation sector has withstood the worst of the COVID-19 financial crisis, falling just 0.3% in a year while bolstering cash reserves. The prudential regulator's latest quarterly superannuation statistics ...

Iress inks bond exchange partnership

HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
Financial services software provider Iress has partnered with the Australian Bond Exchange in a move designed to increase investors' access to bonds. A partnership between Iress and the Australian Bond Exchange will allow users of Iress software to ...