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

Search Results

Showing 1181 - 1190 of 4056 results for "LIT"

RC interim report is fair: Spot poll

KARREN VERGARA  |  MONDAY, 8 OCT 2018
Findings in Commissioner Kenneth Hayne's interim report are fair and reasonable, according to Financial Standard's latest spot poll. The interim report, which summarised his views of the first four rounds of hearings, included financial advice ...

CBA fires up over Dollarmites criticism

HARRISON WORLEY  |  FRIDAY, 5 OCT 2018
Commonwealth Bank has responded to widespread criticism of its longstanding Dollarmites program. Executive general manager of the bank's retail arm, Mark Jones said CBA is proud of its school banking program, which has been running now for 87 years. ...

Millennial money changes course after RC

KANIKA SOOD  |  WEDNESDAY, 3 OCT 2018
Aussie millennials are reluctant to consolidate their superannuation or take on risk while investing after six months of Royal Commission revelations, according to new research. Micro-investing platform Raiz Invest found that nearly 58% millennials ...

Freedom drops chief, slashes workforce

KARREN VERGARA  |  WEDNESDAY, 3 OCT 2018
The chief executive of Freedom Insurance Group has left the company effective immediately and more than half of its workforce is being made redundant. Chief executive Keith Cohen, who has been at the helm for nearly nine years, will be replaced by chief ...

Chief economist update: Keep one eye open on the housing market

BENJAMIN ONG  |  WEDNESDAY, 3 OCT 2018
Perhaps it's the long weekend holiday - AFL Grand Final holiday on September 28, Labour Day on October 1 - or maybe it's been out-headlined by news of the US-Mexico-Canada Agreement (USMCA). But the Reserve Bank of Australia (RBA) met as usual ...

Industry fund members more satisfied

KARREN VERGARA  |  TUESDAY, 2 OCT 2018
Despite the flak the superannuation industry has received from the Royal Commission, industry fund members are more satisfied with their fund than retail members. This is according to a survey of 50,000 participants conducted Roy Morgan, which pitted ...

Financial advice as charitable giving

JAMIE WILLIAMSON  |  MONDAY, 1 OCT 2018
A new financial advice firm operating as a charity is changing the lives of low income earners in Western Australia. Registered with the Australian Charities and Not-For-Profit Commission, Leda Financial Advice was founded by financial adviser Michael ...

Zurich helps advisers quantify cost of care

KARREN VERGARA  |  MONDAY, 1 OCT 2018
Latest research from Zurich is helping financial advisers quantify the cost of healthcare when providing insurance advice. The cost of care whitepaper debunks the mentality that Australia is "bulletproof" and that the social and healthcare system will ...

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
Commenting to the interim report released this afternoon, Federal Treasurer Josh Frydenberg said it's evident the findings point to "greed" that's been pursued in return for short-term profits at the expense of consumers and the most basic standards ...

Hayne admonishes ASIC

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
Commissioner Kenneth Hayne criticised ASIC's negotiation strategies and tardiness in remediating misconduct that can take years to resolve and for its inability to prevent future breaches. In his interim report Hayne disapproved of ASIC's preferred ...