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Showing 1101 - 1110 of 4879 results for "FAR"

Fresh fundies outperform

ALLY SELBY  |  THURSDAY, 15 OCT 2020
... to wholesale and accredited Australian and Singaporean investors in March 2020. While Moors said the investment manager so far has not had much luck with Australian financial advisers due to its two year track record, the fund's performance and consistency ...

Westpac consolidates international operations

JAMIE WILLIAMSON  |  WEDNESDAY, 14 OCT 2020
... changes," Zuber added. It comes as Finbold research reveals Westpac ranks third among the biggest fines paid by global banks so far this year. The $1.3 billion it paid over its record-breaking deal with AUSTRAC places it just behind Goldman Sachs and ...

APRA highlights heatmaps success

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
... 'red' on the heatmap to understand how they plan to address areas of identified underperformance," APRA said. "Experience so far has been that the publication of the MySuper heatmaps has been an effective prudential tool, with 42% of MySuper members ...

Westpac puts Australia on bad banking leaderboard

ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
Global banks have paid out around US$10.5 billion in fines so far this year, with Westpac taking out third place thanks to the AUSTRAC scandal. The research, provided by Finbold, listed the top 10 biggest fines paid by global banks with US institutions ...

BOQ sells insurance business

ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
Bank of Queensland (BOQ) has entered into an agreement to sell its St Andrew's Insurance business to Farmcove Investment Holdings for $23 million. The bank said the sale is consistent with its refreshed strategy announced in February this year to deliver ...

Advice reforms to be legislated: Hume

ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
... "game changer". "We have been listening to what the AFA wants and what the community wants. We want to make sure there is far better alignment of the regulatory requirements and legislative requirements," she said. Hume referred to the current array ...

CBA executive pay voted in

ANNABELLE DICKSON  |  TUESDAY, 13 OCT 2020
... that its offer of a pay freeze for some staff while others were being offered 1.5 to 2% in the current EBA negotiations falls far short of staff expectations," she said. A current employee shared similar sentiments in the meeting and asked how the board ...

Aussies continue to drain super

ELIZA BAVIN  |  MONDAY, 12 OCT 2020
... as the country continues to focus on rebuilding the economy. AustralianSuper has paid out around $4.7 billion to members so far followed by Sunsuper at $3.4 billion and Rest at $3.1 billion. Other funds with members hardest hit by the pandemic like Hostplus ...

Retirees value home over super: Research

ANNABELLE DICKSON  |  FRIDAY, 9 OCT 2020
... spared by the impact of the pandemic with half of those describing their retirement lifestyle as 'generous but secure' are now far less secure. This is compared to nearly all of those identifying as 'frugal but secure' still feeling secure. However ...

Hume clarifies survival of the fittest in MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... industry," she said. And, she did not specify whether she thought the Your Super, Your Future reforms were likely to result in far fewer super funds existing. "We've never compelled consolidation in the industry. We would like the industry to consider ...