Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1151 - 1160 of 3114 results for "November 2003"

IOOF expects to reappeal timber case

KANIKA SOOD  |  MONDAY, 30 SEP 2019
IOOF is considering "all available legal options" for former business Australian Executor Trustees, which exposed it to millions in compensation costs after last Thursday's court judgement in the S.E.A.S Sapfor Forests Pty Ltd case. The company notified ...

Former IOOF company loses court battle in timber scheme

KANIKA SOOD  |  FRIDAY, 27 SEP 2019
Australian Executor Trustees (SA) Limited, formerly owned by IOOF, is expected to pay about $80 million after yesterday's court judgement on its conduct as the trustee to a forestry investment scheme. AET was appointed as the trustee of the S.E.A.S ...

Treasury agreed with Grattan SG modelling

KANIKA SOOD  |  TUESDAY, 24 SEP 2019
Grattan's report arguing Aussies retire with enough and government should scrap increasing the superannuation guarantee to 12% was "broadly consistent" with Treasury's own modelling, staff emails show. In November, Grattan said most workers ...

New NAB chief start date announced

KRISTI CHENG  |  TUESDAY, 24 SEP 2019
NAB has announced Ross McEwan will take the reins as the group's new chief executive before the year's end. Ross McEwan will step down from his role as chief executive of the Royal Bank of Scotland on October 31 and commence as chief of NAB onDecember ...

QIC launches China bond fund

KANIKA SOOD  |  MONDAY, 23 SEP 2019
The $80 billion Queensland-based asset management giant has received official approval for its partnered fund that will invest in China corporate bonds. The US$50 million QIC Ping An China Corporate Bond Fund is a partnership between QIC and China's ...

Chief economist update: Fed future move depends on dollar direction

BENJAMIN ONG  |  MONDAY, 16 SEP 2019
Freeze frame. Financial markets the world over would be in a sort of suspended animation as they await the conclusion of the US Federal Reserve's September FOMC meeting. This time, there's no "will they, won't they" question to be answered ...

Chief economist update: Whatever it takes, however long it takes

BENJAMIN ONG  |  FRIDAY, 13 SEP 2019
Financial Standard already said its piece several days before the European Central Bank's (ECB) September 12 meeting, concluding that: "Super Mario would want to go out with a bang (his last month in office) and do "whatever it takes" to mitigate ...

Adviser cops 262 month jail sentence

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2019
A financial adviser in the US will spend the next 22 years in prison after he defrauded his own family out of millions. Treyton Lee Thomas has been sentenced to 262 months in prison for wire fraud and 60 months for tax evasion to run concurrently, as ...

Suncorp pays $1.4m remediation bill

JAMIE WILLIAMSON  |  TUESDAY, 3 SEP 2019
Suncorp Life and Superannuation has remediated more than 4000 Guardian Advice clients for poor financial advice. ASIC today confirmed Suncorp has completed the remediation program for more than 4000 GuardianFP clients, paying out a total of $1.431 million. ...

Chief economist update: Super Mario's last hurrah

BENJAMIN ONG  |  TUESDAY, 3 SEP 2019
"A significant degree of monetary stimulus continues to be necessary to ensure that financial conditions remain very favourable and support the euro area expansion, the ongoing build-up of domestic price pressures, and, thus, headline inflation developments ...