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Showing 1041 - 1050 of 3871 results for "Point72"

Alternative platform launches

HARRISON WORLEY  |  TUESDAY, 2 APR 2019
A new platform has launched offering advisers and clients the opportunity to hold investments themselves. FinClear today launched its HIN Platform, which uses the Holder Identification Number (HIN) of end investors to hold investments, rather than the ...

MP slams prolonged grandfathered commissions carve out

KARREN VERGARA  |  TUESDAY, 2 APR 2019
With the ANZ banking group abolishing all grandfathered commissions as of yesterday, the industry is receiving little sympathy from the Government. Deputy chair of the House of Representatives Standing Committee on Economics Review of the Four Major ...

APRA warns trustees on expectations

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
In a letter to trustees APRA has clearly outlined expectations following the Royal Commission. The letter, from APRA deputy chairwoman Helen Rowell, said that the Royal Commission was a pivotal point for the financial services sector - including the ...

Chief economist update: Fed on ice

BENJAMIN ONG  |  THURSDAY, 21 MAR 2019
If there's anything that captures the greed on Wall Street, it's the US equity market's reaction to the Fed's decision following its 15-16 March 2019 FOMC meeting. The Fed gave the markets what they expected - it kept the Fed funds rate ...

Robert slates industry over inactive accounts

HARRISON WORLEY  |  THURSDAY, 21 MAR 2019
Assistant Treasurer Stuart Robert has taken aim at the financial services industry over its "lazy" attitude in dealing with inactive superannuation accounts. Speaking at the Financial Services Council's Life Insurance Conference in Sydney this morning ...

ABA moves to protect vulnerable customers

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
Customers at risk of elder abuse, those ending a violent relationship and people experiencing long-term illness are the focus of new guidelines proposed by the Australian Banking Association. The ABA opened a consultation to the public which will result ...

Deutsche Bank and Commerzbank merger likely

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
Deutsche Bank confirmed it is in discussions with Commerzbank, but say there is "no certainty any transaction will occur." Deutsche Bank chief executive Christian Sewing said in a letter to employees: "Today we have informed the public that, in the ...

Unions have right to express views: Combet

KANIKA SOOD  |  TUESDAY, 19 MAR 2019
Industry Super Australia chair Greg Combet says the ACTU had the right to express its views and the law ensures that only what is in members' interest get through a superannuation trustee board. Last week, Australian Council of Trade Unions president ...

Codes of conduct to be made enforceable

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
The Federal Government has responded to the recommendation from the Royal Commission that financial service industry codes of conduct should be enforceable by ASIC. The Treasury released a consultation paper addressing this point from Hayne's report ...

Zero tolerance approach to poor culture needed

KARREN VERGARA  |  MONDAY, 18 MAR 2019
The newly appointed lead of APRA's capability review is taking a no-nonsense approach to fixing poor behaviour and getting culture right. Monash Business School professor Graeme Samuel, who appeared at the 2019 Conference of Major Super Funds (CMSF) ...