Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 991 - 1000 of 7088 results for "June 2011"

APRA removes Westpac liquidity add-on

CASSANDRA BALDINI  |  THURSDAY, 1 SEP 2022
APRA has removed Westpac's liquidity add-on after finding it breached prudential standards. The 10% add-on was applied to the net cash outflow component of Westpac's liquidity coverage ratio (LCR) and will no longer be included from today. In a statement ...

Future Fund assets drop to $194.4bn

CASSANDRA BALDINI  |  WEDNESDAY, 31 AUG 2022
Future Fund assets slipped almost by 5% to $194.4 billion from its $203.6 billion December peak. The Australian sovereign wealth fund reported a 3.1% drop in its return for three months to June and a 1.2% decline from $196.8 billion over last year. ...

Padua appoints general manager, sales

CASSANDRA BALDINI  |  TUESDAY, 30 AUG 2022
Padua Solutions has named Michael Lagudi as its new general manager, sales. Lagudi, who commenced in the newly created role last week, is based in Sydney and reports to Padua co-founder Matthew Esler. He joins from Challenger where he held the position ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
MobiSuper and its licensee will pay a $250,000 penalty for breaching superannuation advice laws while promoting the MobiSuper fund. MobiSuper and ZIB Financial will pay the combined penalty after the Federal Court found MobiSuper representatives had ...

Online investor numbers taper out: Report

ANDREW MCKEAN  |  FRIDAY, 26 AUG 2022
Retail investor numbers have dropped as pandemic-driven hype dampens according to an Investment Trends, 2022 First Half Australia Online Investing report. The report reveals retail online investor numbers have begun to ease. An estimated 1.47 million ...

Platinum remains positive despite net profit loss

CHLOE WALKER  |  FRIDAY, 26 AUG 2022
While the asset manager realised an 8.6% loss in funds under management for the year to June 30 and will soon farewell Kerr Neilson, the firm's outlook is positive. Platinum saw a 38% net profit after tax loss, down to $101 million. The profit slide ...

AustralianSuper increases investment fees

ANDREW MCKEAN  |  THURSDAY, 25 AUG 2022
AustralianSuper has raised the fees of most investment options on account of its recent investments in several large infrastructure and property assets. The fund's balanced option, in which more than 90% of its members are invested, saw its fees ...

A strong super system cushions the economy: ISA

ANDREW MCKEAN  |  THURSDAY, 25 AUG 2022
An Industry Super Australia (ISA) report has called the pool of national savings created by the super system a key strength of the Australian economy and the envy of the world. According to the report, in periods of economic uncertainty and market volatility ...

Investors protect against inflation: Report

CHLOE WALKER  |  WEDNESDAY, 24 AUG 2022
Difficult market conditions have driven considerable interest in inflation-resilient assets, according to the latest quarterly manager intelligence and market trends report by bfinance. The report found that despite ongoing volatility during the quarter ...

Remediation bills revealed amid call for levy freeze extension

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2022
Six of the largest financial institutions have paid or offered a total of $3.6 billion in compensation to consumers over fees for no service and non-compliant advice. The new stats come as the Financial Planning Association of Australia calls for an ...