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Showing 1221 - 1230 of 5945 results for "Banks"

Platform fee disclosures overlooked: ISA

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... ongoing issues. In response to Consultation Paper 308, ISA said one of Darren McShane's key recommendations to force banks and wealth managers to disclose costs relating to underlying investment products was overlooked. Disclosing a clear and effective ...

UK loses £800bn in assets amid Brexit fears

KARREN VERGARA  |  TUESDAY, 8 JAN 2019
... that not all of the 222 firms it analysed were forthcoming with the value of the assets being transferred. Based on the banks, wealth and asset managers and insurance companies tracked as at November 2018, EY estimates about 7000 jobs could relocate ...

Advice dealer group, fintech align

JAMIE WILLIAMSON  |  MONDAY, 7 JAN 2019
... service and cash management platform. Advice clients can access current term deposit rates across a wide range of Australian banks and other authorised deposit-taking institutions. Elders advisers using Xplan can also benefit from a wide range of data ...

Where UniSuper sees market opportunities

KANIKA SOOD  |  MONDAY, 31 DEC 2018
... investment management agreement. Pearce said the super fund doesn't feel a need to go into direct lending. As where banks have pulled out, debt funds have filled the gap, he said. "We have typically done all our exposures to fixed interest and debt ...

Super funds wield bank remuneration stick

DARREN SNYDER  |  FRIDAY, 21 DEC 2018
... average hold between one-fifth and one-quarter of their Australian equities portfolios in bank stocks (or more than 20% of the banks' market capitalisation) - meaning they are a significant player when it comes to shareholder voting influence. As a case ...

APRA lifts interest-only restrictions

HARRISON WORLEY  |  FRIDAY, 21 DEC 2018
Australia's banks can now move back into interest-only lending, and their peak industry body says competition will increase as a result. This week APRA announced it would remove the 30% benchmark for new interest-only residential mortgages, which it ...

CBA and Alipay to bring in Chinese shoppers

KANIKA SOOD  |  THURSDAY, 20 DEC 2018
... bid to attract Chinese shoppers who last year spent $10.9 billion in Australia. This makes CBA the first of the big four banks to accept Alipay in Australia, ahead of NAB which announced a pilot in November with an early 2019 roll out. Business owners ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... corporate regulator's preference to negotiate outcomes with entities who broke the law, instead of taking the issues to court. Banks vow to end grandfathered commissions Just weeks after the interim report was released, the peak body for Australia's ...

Financial Standard unwrapped: Our top stories in 2018

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... financial advice HSBC quietly called time on its Financial Advice arm in July, joining three of Australia's big four banks in spinning off their wealth management arms, with Commonwealth Bank announcing the demerger of Colonial First State just a ...

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... The Australian Banking Association and many superannuation funds are already calling for a ban, and three of the four big banks have already vowed to phase them out. ABA chief executive Anna Bligh described the removal of such payments as "another important ...