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Showing 1101 - 1110 of 4334 results for "FIG"

APRA launches inquiry into CBA

EMMA RAPAPORT  |  MONDAY, 28 AUG 2017
The Australian Prudential Regulation Authority will establish an independent inquiry into the Commonwealth Bank, following a series of scandals which have called the integrity of Australia's largest bank into question. The inquiry, conducted by an APRA-appointed ...

Super FUM up 10pct to $2.3tn

ALEX DUNNIN  |  THURSDAY, 24 AUG 2017
Superannuation savings climbed 10% in 2016-17 to reach $2.3 trillion, with performance income accounting for almost all the flows, according to figures released by APRA this week. Within segments, not-for-profit (NFP) funds climbed 12% to $983 billion ...

Advice at any age will enhance retirement: Sunsuper

EMMA RAPAPORT  |  TUESDAY, 22 AUG 2017
More than half of Australian adults say they want to spend retirement travelling, yet two thirds don't have a plan for how they will live in retirement, according to Sunsuper. More than 70% believe they will rely on the Age Pension, while 40% don't ...

Advice demand lags behind SMSF growth

EMMA RAPAPORT  |  MONDAY, 21 AUG 2017
The number of self-managed superannuation funds with unmet financial advice needs is at record highs, and yet this is not translating to greater use of financial advice, with trustees citing difficulty in finding advisers who can meet their needs. Research ...

The negatives in the positive jobs report

BENJAMIN ONG  |  FRIDAY, 18 AUG 2017
If you've been hopin' and wishin' and prayin' that someday soon you'll be getting a fat pay rise, hope and wish and pray some more. While the headline seasonally adjusted numbers of the Australian Bureau of Statistics' (ABS) Labour Force report were ...

CBA chief executive will stand down

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
Embattled Commonwealth Bank chief executive Ian Narev will retire from the bank by the end of the 2018 financial year, board chair Catherine Livingstone has announced. The decision, said to have been made by the board in conjunction with Narev, will ...

Magellan officially ramps up retail offering

ALEX BURKE  |  THURSDAY, 10 AUG 2017
Alongside its annual results which report a slight dip in net profit, Magellan Financial Group officially highlighted its plan to launch an initial public offering for a new ASX-listed investment vehicle. The Magellan Global Trust will target a 4% cash ...

RBI succumbs to low-flation

BENJAMIN ONG  |  FRIDAY, 4 AUG 2017
The Reserve Bank of India (RBI) cut interest rates by 25 basis points - repo rate to 6% (the first reduction in 10 months and the lowest rate since October 2010) and the reverse repo rate to 5.75% (reversing the 25 bps hike announced only four months ...

Suncorp hails diversity amid profit boost

ALEX BURKE  |  THURSDAY, 3 AUG 2017
Suncorp chair Ziggy Switkowski praised the group's 49% female leadership while announcing a 3% boost in net profit to $1.075 billion. The update on the banking and wealth management firm's diversity figures forms part of Suncorp's new corporate responsibility ...

Liquidnet opens doors to Pakistani equities

ALEX BURKE  |  TUESDAY, 1 AUG 2017
Institutional dark pool network Liquidnet will now allow trading of Pakistani equities in response to growing buy-side demand. The demand follows on from MSCI upgrading Pakistan from a frontier market to an emerging one. It also brings Liquidnet's total ...