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31 August 2020 • By Lachlan Maddock • 1 min read

IOOF in new trading halt ahead of potential MLC acquisition

The wealth giant’s shares are in a trading halt as it prepares a capital raise, with rumours swirling that it is set to acquire MLC.  IOOF has ...

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Opposition admits benefits of early super release

The federal opposition has conceded that the government’s early release scheme has positively contributed to the economy, but flagged concerns about ...

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Shareholders back Aon, Willis Towers Watson merger

Shareholders have voted in favour of advisory and insurance giants Aon and Willis Towers Watson consolidating, with the merger expected to close in ...

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Clime IM profit plunges by 73%

Clime Investment Management recorded a 73 per cent plummet in net profit for the full year, but the company has high hopes for future growth after its ...

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ESG hysteria can cause stormy markets

New research has found that institutional investors overreact to bad ESG news, causing “wild fluctuations to the share market”. Researchers from ...

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Vaccine around the corner, but don’t get comfortable

Morgan Stanley sees an emergency vaccine by early next year, but warns that there’s still plenty of time for the market to retrace its lows

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More senior departures at AMP Capital

A number of senior figures have exited AMP Capital following former CEO Boe Pahari’s demotion. AMP Capital New Zealand managing director and chief ...

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Expect pressure to continue, APRA warns super funds

The APRA deputy chair has signalled the regulator will be watching funds as they respond to the COVID crisis, forecasting the pandemic will bear ...

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MLC super trustee hit with licence conditions

APRA has imposed conditions on NULIS following an investigation into matters from the Royal Commission.  APRA’s investigation stemmed from the ...

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Two-thirds of Australians’ employment struck by COVID

Around 67 per cent, or 10.4 million Australians have faced a change in employment due to the pandemic, according to new data from Roy Morgan. The ...

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