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

Search Results

Showing 1221 - 1230 of 3270 results for "January 1999"

APRA warns trustees on expectations

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
In a letter to trustees APRA has clearly outlined expectations following the Royal Commission. The letter, from APRA deputy chairwoman Helen Rowell, said that the Royal Commission was a pivotal point for the financial services sector - including the ...

Frydenberg takes action on banning grandfathered commissions

HARRISON WORLEY  |  THURSDAY, 28 MAR 2019
Consultation is now open for the Federal Government's response to Commissioner Kenneth Hayne's recommendation that grandfathered conflicted remuneration should be eliminated. The new regulation proposes financial product manufacturers to pass on to ...

Chief economist update: A question of when?

BENJAMIN ONG  |  THURSDAY, 28 MAR 2019
Could it be? Could it be that Dallas Fred President Robert Kaplan has been reading my daily rants? That would be too presumptuous of moi but Factset's report that "Dallas Fed President Kaplan (nonvoter) told the WSJ the recent yield-curve inversion ...

ClearView defends risk advice commissions

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
ClearView is countering Commissioner Kenneth Hayne's recommendation to reduce or eliminate commissions financial advisers earn from life insurance products. It is "way too early," ClearView wrote in an email to advisers, to consider tinkering with ...

UBS fined $51m for reporting breaches

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
Swiss bank UBS AG has been slapped with a £27.6 million ($51.1m) fine for breaching reporting rules stretching nearly a decade. UK regulator the Financial Conduct Authority found UBS did not provide complete and accurate information relating to about ...

Chief economist update: BOJ decision announced and ignored

BENJAMIN ONG  |  WEDNESDAY, 20 MAR 2019
I wasn't aware of this, but it appears that Donald J. Trump had been letting his fingers do the talking even before he became POTUS. The "Daily Mail" re-printed the tweet he made back on 30 December 2013: ""No one remembers who came in second" - ...

Liquidation likely for Halifax

HARRISON WORLEY  |  FRIDAY, 15 MAR 2019
Halifax administrators updated investors on the future of the beleaguered online stockbroking firm, with signs pointing to liquidation. The firm - whose AFSL was suspended shortly after it went into voluntary administration in November 2018 - was found ...

Chief economist update: What's the RBA waiting for?

BENJAMIN ONG  |  FRIDAY, 15 MAR 2019
The Sino-Yankee trade war, the slowdown in the global economy and more recently, the Brexit fiasco have all had a negative bearing on the Australian economic outlook. This is no better depicted than by the recent National Accounts update showing the ...

Channel Capital head of retail departs

KANIKA SOOD  |  THURSDAY, 14 MAR 2019
The head of retail distribution at the $12 billion multi-boutique has jumped ship to another fund manager and the role has been dissolved. Leeshen Chanique worked at Channel Capital for four years, most recently leading the retail/wholesale distribution ...

Chief economist update: Breaking up is hard to do

BENJAMIN ONG  |  THURSDAY, 14 MAR 2019
"They say that breaking up is hard to do, now I know, I know that it's true..." - Neil Sedaka. This song must be playing in UK prime minister Theresa May's head - it should as it did in mine - when a second round of voting in the House of Commons ...