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Showing 1201 - 1210 of 5945 results for "Banks"

Hayne stops short of dismantling vertical integration

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... superannuation and platforms. Responding to the Commissioner's interim report late last year, Australia's big four banks, AMP and Macquarie said Hayne should avoid recommending legislative action disturbing the model which has been widely adopted ...

OPINION: Post RC, where to now for retail super?

ALEX DUNNIN  |  MONDAY, 4 FEB 2019
... declarations and enhanced disclosures to regulators. The exodus of financial advisers from the big six groups (big four banks + AMP + IOOF) should now step up a gear. In just the past two years the share of advisers in boutique non-aligned advice groups ...

Grandfathered commissions to be banned

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... ending grandfathered commission payments to financial advisers and from superannuation accounts. Hayne said each of the big banks and other industry participants are in favour of legislation repealing such provisions under the Corporations Act. Of those ...

Former ACCC chair will lead APRA capability review

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... Fund's Financial Sector Assessment Program, which included an assessment of APRA's policy and supervisory framework for banks and insurers," the Government said. Separately, Commissioner Hayne recommended a new regulatory overseer for ASIC and ...

Chief economist update: Time for an RBA shift to neutral

BENJAMIN ONG  |  MONDAY, 4 FEB 2019
... now that the Fed has paused its policy normalisation policy that, in turn, will give reprieve to other major world central banks to freeze their own. Nearer term, there's the uncertainty over the upcoming Federal election and, of course, the repercussions ...

Royal Commission to suppress bank stocks

KARREN VERGARA  |  MONDAY, 4 FEB 2019
Fund managers are warning investors not to expect the major banks to trade at the premium they've been accustomed to. And the financial services Royal Commission's final report, due today, will play its part. The major banks have experienced ...

Vertical integration changes to reshape personal wealth

DARREN SNYDER  |  WEDNESDAY, 30 JAN 2019
... API-led business models will play key roles globally. "The traditional vertically-integrated pipeline business model where banks manufacture and sell their own products is giving way to specialist roles," the forecast said. "For the longest time, it ...

Chief economist update: Anatomy of an RBA rate cut

BENJAMIN ONG  |  WEDNESDAY, 30 JAN 2019
I've got chills, they're multiplying and I fear that the RBA is about to lose control. Apologies for sounding like doctor gloom lately but the list of stats indicating that the Australian central bank would be forced into a counter-offensive ...

Robo-adviser launches high interest savings solution

JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
... investment platforms take huge fees from the piles of cash entrusted to them and pay well below the RBA rate of 1.5%," he said. "Banks keep lowering their base rates which makes saving for shorter term goals almost impossible, so we've created a better ...

Australia Day honours recognise industry stalwarts

JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
... Sustainable Banking System reform package, improving outcomes for consumers and enabling smaller lenders to compete with the major banks. This was recognised as one of his most notable achievements over his 30-year career at the Australian Treasury.