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Showing 991 - 1000 of 1668 results for "Origin"

CBA compensation payments total $79,702 so far

LAURA MILLAN  |  FRIDAY, 29 MAY 2015
The Commonwealth Bank (CBA) Open Advice Review program has paid $79,702 to five clients who received bad advice from the bank's financial planners, while most clients are still reviewing the compensation proposal. Independent expert for the compensation ...

Treasury proposes higher regulatory levies for super funds

ALEX BURKE  |  THURSDAY, 21 MAY 2015
The Treasury has issued its proposed regulatory levies for 2015/16. Under the new proposal, APRA-regulated institutions will collectively pay $117.5 million to help fund the prudential regulator, a half-percent increase on the previous financial year. ...

Don't put all QE in the same basket: AXA

LAURA MILLAN  |  WEDNESDAY, 20 MAY 2015
... programs developed by the Federal Reserves in the US had different purposes and different effects on the economy. "The origin of QE in 2008 and 2009 was to make sure that markets would not run out of liquidity," he said, reminding that at the time the ...

FSC backs Commission on choice of super funds

DARREN SNYDER  |  WEDNESDAY, 20 MAY 2015
The Financial Services Council (FSC) is backing the Royal Commission into Trade Union Governance and Corruption to remove laws that deny employees a choice of superannuation fund. FSC chief executive, Sally Loane, said super must be decoupled from the ...

AIA launches business life insurance benefit

DARREN SNYDER  |  TUESDAY, 19 MAY 2015
Business owners are able to increase their life insurance without providing evidence of health via a new product recently launched by AIA Australia. The life insurer's new Business Safeguard Forward Underwriting Benefit (FUB) will allow business owners ...

AFA looking for next adviser of the year

ALEX BURKE  |  TUESDAY, 19 MAY 2015
The Association of Financial Advisers has partnered with Zurich to launch the 2015 Adviser of the Year and Practice of the Year awards. As a result, the AFA is now searching for advisers who, according to chief executive Brad Fox, it "not only [rates] ...

No new taxes on super welcomed

DARREN SNYDER  |  TUESDAY, 12 MAY 2015
Superannuation representative groups have backed the federal government's decision to leave new taxes on super out of the 2015 budget but say there is further consultation ahead. Association of Superannuation Funds of Australia (ASFA) chief executive ...

Goldman ordered to pay $100m to NAB

STAFF WRITER  |  TUESDAY, 12 MAY 2015
Goldman Sachs has been ordered to pay US$80 million, plus around US$20 million in interest, to National Australia Bank for breaking rules related to the sale of mortgage-linked securities before the financial crisis. The US Financial Industry Regulatory ...

FEATURE: Australia's other love affair

FINANCIAL STANDARD  |  TUESDAY, 12 MAY 2015
Property investment is tangible, attractive and easy to understand for the average investor. There has arguably never been so much discussion around property with some experts saying Australia is going through a housing bubble fuelled by low interest ...

Market Wrap PM

AAP  |  WEDNESDAY, 6 MAY 2015
A disappointing quarterly result from the Commonwealth Bank is weighing down the broader share market. The share price of Australia's biggest listed company plummeted by $2.99, or 3.39 per cent, to $85.15, after it post a flat $2.2 billion cash profit ...