Genesys closure weighs on AMP cashflows

AMP Limited's closure of Genesys Wealth Advisers has weighed on its cash flows, with the company reporting a significant third quarter drop to 30 September 2015.


HAPFS AUM hits record high

The annual report noted that both the euro and the RMB, the scheme’s foremost investment currencies after the US dollar, had been particularly volatile and that the scheme had proactively hedged its exposure to them as a result.


Challenger annuity sales grow 12 per cent

This is largely based around Challenger annuities becoming available on several investment platforms during 2015, most notably at Colonial First State.


BIMB posts flat net profit in Q2

To maintain asset quality, the bank continuously exercises robust credit management and vigilant underwriting standards.