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

Search Results

Showing 10121 - 10130 of 21783 results for "Dec"

CSC renews $40bn custody mandate

ALEX BURKE  |  WEDNESDAY, 22 MAR 2017
The Commonwealth Superannuation Corporation has renewed custody arrangements for its $40 billion in funds under management. Northern Trust (NTC) has overseen custody and investment administration for the government employee and Australian Defence Force ...

Managed accounts continue rapid surge

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2017
The managed accounts sector now equates to about 7% of the $600 billion in funds under administration across platforms and wraps in Australia. That is the key finding of the Institute of Managed Account Professionals' (IMAP) latest Managed Accounts ...

Price-pressured

BENJAMIN ONG  |  WEDNESDAY, 22 MAR 2017
The latest inflation stats out of the UK gave additional credence to BOE monetary policy committee member Kristin Forbes' dissent - she "considered it appropriate to increase Bank Rate by 25 basis points" -- at the March meeting. Along with the low ...

Higher and higher

BENJAMIN ONG  |  WEDNESDAY, 22 MAR 2017
The Australian Bureau of Statistics' (ABS) update on residential property prices brought home the Reserve Bank of Australia's current concerns and noted in its March monetary policy statement: "Conditions in the housing market vary considerably around ...

IOOF names new tech services head

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2017
IOOF promoted from within to appoint its new head of technical services. Martin Breckon has been named in the role, succeeding Kate Anderson who became head of business support for IOOF-owned dealer group Bridges Financial Services in December 2016. ...

Life insurance ripe for disruption

KARREN VERGARA  |  TUESDAY, 21 MAR 2017
Unprecedented challenges in the life insurance industry are exacerbating profitably and forcing some players out of the market, the latest PwC report shows. Customer demographics, ongoing trust issues, heightened regulation, foreign entrants, technology ...

PM Capital LIC director resigns

ALEX BURKE  |  TUESDAY, 21 MAR 2017
A director of PM Capital's ASX-listed Global Opportunities Fund tendered his resignation. Tom Millner sat on the fund's board since its listing in December 2013. PM Capital thanked him for his contribution and counsel over this period, and said his ...

Not off the boil

BENJAMIN ONG  |  TUESDAY, 21 MAR 2017
Chinese authorities' regulatory restrictions to cool the housing market appear to be having little impact on property prices. Latest figures show that the average price of new homes in 70 Chinese cities rose by 0.3% in the month of February following ...

Labour costs rising

BENJAMIN ONG  |  TUESDAY, 21 MAR 2017
In its 9 March statement, the European Central Bank (ECB) stated that, "A very substantial degree of monetary accommodation is still needed for underlying inflation pressures to build up and support headline inflation in the medium term". However, if ...

PIMCO unitholders approve $10bn RE transaction

ALEX BURKE  |  MONDAY, 20 MAR 2017
PIMCO unitholders have voted overwhelmingly in favour of the manager internalising responsible entity services for over $10 billion in funds under management, representing one of the largest RE transitions in Australian history. Just five months ago ...