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Showing 891 - 900 of 1901 results for "Accel"

Franklin Templeton to acquire Legg Mason

JAMIE WILLIAMSON  |  WEDNESDAY, 19 FEB 2020
Franklin Resources, trading as Franklin Templeton, has entered into a $6.7 billion agreement to acquire Legg Mason, creating a $2.24 trillion investment powerhouse. Under the agreement, which was unanimously approved by both boards, Franklin Templeton ...

Netwealth gains $9.5bn, reveals expansion plans

ELIZABETH MCARTHUR  |  TUESDAY, 18 FEB 2020
Netwealth's funds under administration grew by $9.5 billion in the first half of 2020, as the platform reveals plans to expand its distribution team. Netwealth reported FUA of $28.5 billion, an increase of $9.5 billion and net inflows for 1H2020 of ...

Costs spiral for baby boomers

ALLY SELBY  |  TUESDAY, 18 FEB 2020
Aussie retirees will have to fork out an extra $1292 a year to live comfortably, and they have the drought and rising house prices to blame. The Association of Superannuation Funds of Australia (ASFA) found that over the year to the December quarter ...

Coronavirus to infect Q2: Capital Group

ALLY SELBY  |  FRIDAY, 14 FEB 2020
The economic impact of the coronavirus has been grossly underestimated, with jolts likely to be felt well into the second quarter. That's according to Capital Group economist Stephen Green, in a speech televised to attendees at the recent Financial ...

Tough times continue for AMP

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
Despite a $2.5 billion shortfall and losing 444 advisers, AMP's board has approved an 80% increase to chief executive Francesco De Ferrari's remuneration. It has also announced the resignation of its chief risk officer. The country's largest wealth ...

Ongoing fees, advice fees in super to be reformed

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
New draft legislation aims to increase obligations around charging ongoing fees for financial advice and outlaw advice fees charged by superannuation funds. On Friday, the government released consultation draft legislation to implement 22 recommendations ...

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
"Gone Fishing!" Given "current" market expectations, this would be an appropriate sign on the Fed's door. As expected, the US central bank kept monetary policy settings unchanged at the conclusion of its January FOMC meeting. "The Committee decided ...

Netwealth to tap growing HNW demand

HARRISON WORLEY  |  FRIDAY, 24 JAN 2020
Netwealth is looking to take advantage of growing demand among high net-worth and private wealth investors for sophisticated platform offerings, with plans afoot for the launch of a premium product within months. The $28 billion platform is set to launch ...

CIMIC in $1.8b writedown

ELIZA BAVIN  |  FRIDAY, 24 JAN 2020
The country's largest construction company has reported a loss of $1.8 billion, blaming tough market conditions in the Middle East. CIMIC announced the writedown in a submission on the ASX saying the decision to exit the Middle East market came after ...

Chief economist update: Strength in jobs downs RBA rate cut expectations

BENJAMIN ONG  |  FRIDAY, 24 JAN 2020
There's more bad news for us, Australians all. The Reserve Bank of Australia (RBA) will no longer cut the official cash rate by 25 basis points - to 0.5% - when it holds its first board meeting for 2020 on February 4. No Virginia, I didn't say ...