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Showing 1101 - 1110 of 4503 results for "Case"

CBA adds $32m to advice remediation bill

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
The Commonwealth Bank has upped its indemnity bill to $252 million for dodgy financial advisers who were part of its former subsidiary Count Financial. CBA sold off Count Financial to CountPlus in mid-2019. At the time, CBA provided $200 million in ...

What to expect from the budget

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
... would happen at the time of the last federal budget so I assume either that the government simply didn't notice (in which case the tax hike might be reversed this time) or didn't care (assuming it could spin its way out of trouble by focusing on the ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 10 MAY 2021
... Eco 101 dictates that a less robust labour market would keep a lid on wages and therefore inflation. But this isn't the case for the US as cited in the April Beige Book survey that found "employment expectations were generally bullish". "Some contacts ...

Chief economist update: Did the BOE just announce taper?

BENJAMIN ONG  |  FRIDAY, 7 MAY 2021
This month the Bank of England's (BOE) monetary policy committee decided to keep the existing stance of monetary policy unchanged; the Bank Rate remains at a record low 0.1% and QE at £895 billion. But buried in the "Monetary Policy Summary and ...

Schroders launches new fund

ELIZABETH MCARTHUR  |  THURSDAY, 6 MAY 2021
... retail investors creating an opportunity for more experienced institutional investors to add alpha and this has been the case in recent years with active managers generating strong returns above benchmarks." He added that China is now leading other countries ...

Chief economist update: Japan's elusive virtuous cycle

BENJAMIN ONG  |  THURSDAY, 6 MAY 2021
As expected, the Bank of Japan's (BOJ) monetary policy board decided to keep current settings unchanged at its April meeting. Ever the optimist, the BOJ summarised its view in its "Outlook for Economic Activity and Prices (April 2021)" report, saying ...

Disability income faces reckoning

KARREN VERGARA  |  FRIDAY, 30 APR 2021
The former chief executive of TAL has slammed life insurers' ineptitude in managing disability income products, invoking the industry to come together and find a solution by the end of the year. Speaking at the 2021 Actuaries Summit on Wednesday ...

Westpac settles life insurance class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 APR 2021
... George Bank, Bank of Melbourne, BankSA and BT Advice were sold needlessly expensive life insurance. According to Shine's case, these consumers who were advised into Westpac Life policies were charged higher premiums for life insurance than people who ...

Go, iron ore, go

BENJAMIN ONG  |  WEDNESDAY, 28 APR 2021
Just a wittle more, a wittle more... Yes Virginia, just another US$12.71 per tonne (6.6%) and the spot price of iron ore will be line ball with the all-time high of US$191.70 a tonne it set way back a decade earlier (February 2011). For sure, there ...

FPA launches file note guidance

ELIZABETH MCARTHUR  |  MONDAY, 26 APR 2021
... as an area for improvement for financial planners," FPA chief executive Dante De Gori said. "In reviewing AFCA reports and case law, detailed file notes were one of the biggest factors which helps in defending financial planners. Unfortunately, in a ...