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Showing 10361 - 10370 of 22150 results for "Tim"

Government fintech agenda spotlights microbanking

ALEX BURKE  |  TUESDAY, 9 MAY 2017
The Federal Government will open the doors to disruption in the banking sector as part of changes to its revised fintech investment agenda. The 2017-18 Budget includes provisions for newer entrants into the banking industry, including the relaxing the ...

Major banks receive Budget shakeup

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
The major banks will be slugged $6.2 billion via a new levy to level the playing field for the banking sector. "This represents a fair additional contribution from our major banks and will assist with budget repair by at least $1.5 billion per year," ...

Downsizing measures present advice opportunities

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
Financial planners will have an easier time preparing for and sustaining clients throughout retirement thanks to new measures for retirees wishing to downsize the family home. It also presents a number of advice opportunities. The Federal Budget proposes ...

UniSuper chairman steps down, successor appointed

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
UniSuper chairman Chris Cuffe is stepping down from the board after six years at the helm of the $60 billion fund. "My time at UniSuper has been dynamic and very fulfilling, and I wish the board and executive team continued success in the future," he ...

Strong quarter for CBA

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
The Commonwealth Bank of Australia reported a strong quarterly performance, according to a trading update released to the ASX. Assets under management rose by 6%, while funds under administration increased by 7% in the three months to March compared ...

APRA and ASIC launch insurance claims pilot

ALEX BURKE  |  TUESDAY, 9 MAY 2017
APRA and ASIC jointly launched the pilot phase of an initiative to raise standards of public claims reporting in the life insurance industry. The goal of the initiative, initially mooted in ASIC's REP 498 report in October 2016, is for the two regulators ...

Vanguard reduces fees, revises multi-asset strategy

ALEX BURKE  |  TUESDAY, 9 MAY 2017
Vanguard Australia will slash fees across its multi-asset suite and revise the funds' strategic asset allocation for the first time since 2013. From July, five wholesale diversified funds will have management expense ratios reduced to 0.29%. These funds ...

Australian economy proceeding according to projections

BENJAMIN ONG  |  TUESDAY, 9 MAY 2017
Australian economic and survey data released over the past 24 hours provide further credence to the Reserve Bank of Australia's (RBA) optimism over the economic outlook and at the same time afford federal treasurer ScoMo the right to give Moody's recent ...

HESTA appoints new CIO

EMMA RAPAPORT  |  MONDAY, 8 MAY 2017
HESTA is welcoming the next chapter of its investment team development, appointing a new chief investment officer. Sonya Sawtell-Rickson will oversee the fund's $37 billion portfolio of investments and lead the internal team in asset and risk allocation ...

New CFO for Vanguard Australia

JAMIE WILLIAMSON  |  MONDAY, 8 MAY 2017
Vanguard Australia will welcome its new chief financial officer in the coming months. Johanna Platt has been named to replace Daniel Shrimski, who relocated to the US earlier this year for the role of chief financial officer at Vanguard's US Retail ...