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Showing 11471 - 11480 of 29084 results for "PRI"

Banks will step out of wealth: Medcraft

DARREN SNYDER  |  TUESDAY, 31 OCT 2017
Outgoing ASIC chair Greg Medcraft believes the big four banks will continue to sell wealth management arms because it's tough to restore the consumer trust repeatedly tarnished by these businesses. Speaking at a Sydney Financial Forum event yesterday ...

Two holds and a raise

BENJAMIN ONG  |  TUESDAY, 31 OCT 2017
Three of the world's biggest central banks will meet this week. The Bank of Japan (BOJ) had already started their monetary policy deliberations yesterday and is set to conclude later today. This is expected to be a non-event with policy unchanged and ...

Surefire Melbourne Cup bet

BENJAMIN ONG  |  MONDAY, 30 OCT 2017
Want a sure bet for next week's Melbourne Cup? Bet on the Reserve Bank of Australia (RBA) not moving on interest rates when its board meets on Melbourne Cup Day, Tuesday 7 November. Yes Virginia, I know, it's like saying that sugar is sweet and made ...

Transfer balance cap reforms could hurt grieving SMSFs

JAMIE WILLIAMSON  |  MONDAY, 30 OCT 2017
The SMSF Association is urging self-managed superannuation fund members to seek financial advice as to how the transfer balance cap may impact their pension in the event of their spouse's death. SMSFA head of technical Peter Hogan said under the new ...

Robo-advice raises alarm: ARRIA

KARREN VERGARA  |  MONDAY, 30 OCT 2017
Fears that robo-advice is mis-selling products and not delivering the best outcomes for clients continues to raise concerns across the financial advice industry. While the technology behind robo-advice is making it cheaper to invest, it doesn't mean ...

Rising alternatives manager appoints new MD

ALEX BURKE  |  FRIDAY, 27 OCT 2017
An alternatives investment manager targeting retail investors, launched by the former head of K2 Advisors, has appointed a managing director. Sam Edwards joins Longreach Alternatives from Broadline Capital in Hong Kong, where he was a private equity ...

AFA praises FASEA's 'sensible' first priority

JAMIE WILLIAMSON  |  FRIDAY, 27 OCT 2017
The Association of Financial Advisers believes the Financial Adviser Standards and Ethics Authority's decision to first clarify the education pathway for new advisers is an encouraging first step by the board. The move by FASEA has been welcomed by ...

Advice industry compensation bill hits $37m

KARREN VERGARA  |  FRIDAY, 27 OCT 2017
The financial advice industry shelled out $37 million in FY17 to 2200 clients that suffered financially from bad advice, according to ASIC. The regulator completed 227 "high-intensity surveillances" of financial advisers and banned a total of 35 "bad ...

US recommends asset manager stress tests be removed

DARREN SNYDER  |  FRIDAY, 27 OCT 2017
US Treasury released a report overnight that makes several recommendations for its financial services industry, including the elimination of statutory stress testing for investment managers. The stress testing call came as part of several recommendations ...

ECB schedules taper

BENJAMIN ONG  |  FRIDAY, 27 OCT 2017
The European Central Bank's (ECB) October monetary policy meeting ended financial market speculations over its QE exit strategy. ECB president Mario Draghi did what he telegraphed he would -- discuss QE unwind strategy in October - and offered something ...