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Advisers not prepared for exam: AFA
ELIZABETH MCARTHUR  |  THURSDAY, 6 JUN 2019
... at the association's national roadshow in Sydney, Anderson urged advisers to speak to their local members and let them know how the regulatory changes are impacting advice businesses and advisers. "All of this is crammed into this ...
Banks sluggish on Indigenous financial inclusion
KARREN VERGARA  |  WEDNESDAY, 29 MAY 2019
Indigenous Australians are being let down by financial institutions' failure to provide access to basic banking services and recognise different cultural attitudes towards money, a new report from the First Nations Foundation reveals. Of the ...
Chief economist update: Currency manipulators beware
BENJAMIN ONG  |  MONDAY, 27 MAY 2019
... has advanced and is in a position to become the engine of growth for all of the rest of the world. Live and let live. Instead, victory for Trump is not only by becoming rich but also by making his neighbours poorer. Not only is Trump ...
Chief economist update: Like Britney Spears, Financial Standard's done it again
BENJAMIN ONG  |  THURSDAY, 23 MAY 2019
... and the world. That being constant, Australia's economic dynamics are bound to improve and/or stop deteriorating. Let us count the ways. The near-certainty of the RBA cutting the official cash rate to a new all-time low of 1.25% in June has ...
Chief economist update: RBA refused to blink in May
BENJAMIN ONG  |  WEDNESDAY, 8 MAY 2019
... dusted. To discern whether or not the RBA would (or wouldn't) cut interest rates sometime before 2019 becomes 2020, let's dissect RBA Governor Philip Lowe's statement that explained the May decision and the central bank's forward ...
AFCA hits the road
HARRISON WORLEY  |  FRIDAY, 3 MAY 2019
... a vital service for consumers and small business," Bowlen said. "Having only been in existence for six months, we need to let people know we are here, we're a free service, and we are ready to help." Additionally, AFCA said Bowlen's leadership ...
IOOF responds to class action
ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
... at IOOF must have known that its conduct was risky - legally and reputationally. Yet they persisted and the board let it pass. The reckoning that began at the Royal Commission now goes to the next stage, with the filing of this class ...
Chief economist update: Two indicators giving the Fed a headache
BENJAMIN ONG  |  TUESDAY, 9 APR 2019
... core PCE price index peaked at 2.0% in July last year and has decelerated to 1.8% in February. And maximum employment? Let's hear from the horse's mouth, "In the FOMC's March 2019 Summary of Economic Projections, Committee ...
Record Budget spend for older Australians
ELIZABETH MCARTHUR  |  TUESDAY, 2 APR 2019
... have earned the right to expect the highest standards of aged care services." "In some cases, these services have badly let Australians down. That is why we established the Royal Commission into aged care." About $282.4 million of the funding is ...
NAB needs 500 staff for remediation
ELIZABETH MCARTHUR  |  FRIDAY, 29 MAR 2019
... In his opening statement to the House of Representatives Standing Committee on Economics, Chronican began by saying: "Let me start by acknowledging that as a bank we have let down our customers." On the issue of customers who had been wrongly ...
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