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Showing 1151 - 1160 of 2952 results for "August 5"

CBA board ignored key issues in deciding executive pay

KANIKA SOOD  |  WEDNESDAY, 21 NOV 2018
The Commonwealth Bank board ignored major scandals besieging the bank when it approved the variable remuneration for its top executives for FY16, the Royal Commission heard. The bank's top executives were paid a fixed pay and variable pay split into ...

Australia's first active fixed income ETF goes live

KANIKA SOOD  |  TUESDAY, 20 NOV 2018
A Legg Mason affiliate has become the first to offer an actively-managed fixed income fund as an exchange-traded fund in Australia. Ringing the bell at the ASX in Sydney yesterday, Western Asset Management portfolio manager Anthony Kirkham listed the ...

Comyn promises personal accountability

KARREN VERGARA  |  TUESDAY, 20 NOV 2018
CBA chief executive Matt Comyn told the financial services Royal Commission how he plans to overhaul the bank that was "once great" under his leadership, but flagged there might be "missteps" along the way. Comyn admitted that the pursuit of financial ...

Special Report: Hitting new ETF goals

KARREN VERGARA  |  FRIDAY, 16 NOV 2018
More investors are turning to fixed income ETFs as a way to finetune their bond portfolios. Karren Vergara finds out what is driving the demand and why this new wave of defensive ETFs is here to stay. Recalling the sharp market correction that stung ...

IOOF manager joins HUB24

KANIKA SOOD  |  THURSDAY, 15 NOV 2018
IOOF's national manager for advice relationships has taken up a regional role at HUB24, as the incumbent moves to a newly-created national role. HUB24's outgoing NSW state manager Andrew Fraser is moving into the newly-created role of national ...

Chief economist update: As safe as Australian houses?

BENJAMIN ONG  |  THURSDAY, 8 NOV 2018
Christian Szell: Is it safe? Babe: Yes, it's safe, it's very safe, it's so safe you wouldn't believe it. Christian Szell: Is it safe? Babe: No. It's not safe, it's... very dangerous, be careful. This is that immortal dialogue ...

Chief economist update: The Middle Kingdom's middling growth

BENJAMIN ONG  |  TUESDAY, 6 NOV 2018
It's the first Tuesday of November - the time when the "Melbourne Cup" runs and the Reserve Bank of Australia (RBA) meets only a few hours apart. All bets are on! There are so many odds on the various horses running in the Cup but there's only ...

Asset manager shutters two funds

KARREN VERGARA  |  MONDAY, 5 NOV 2018
A $310 billion asset manager has closed two of its actively managed Australian equity funds. The Nikko AM Australian Share Value Fund and Nikko AM Australian Share Fund were terminated on 21 September 2018. Nikko Asset Management Australia said the ...

The lucky country for fintechs

JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
A new report points to Australia as a leader in supporting the development of fintech solutions and exploring their potential. In a new research paper, the Alliance for Financial Inclusion has reviewed the varying approaches of some of the world's developing ...

Melbourne AFSL pays $9 million in fines

KANIKA SOOD  |  MONDAY, 5 NOV 2018
A Melbourne company has copped about $9 million in penalties after ASIC found it offered personal loans with the proviso customers implement financial advice from the firm. Financial Circle offered personal loans to consumers of up to $5000. However ...