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

Search Results

Showing 1231 - 1240 of 2692 results for "Fair"

Fairfax nixes private equity buyout

ALEX BURKE  |  MONDAY, 3 JUL 2017
The two private equity firms vying for Fairfax Media have withdrawn their non-binding offers. Hellman & Friedman and the TPG Group-led investor consortium were granted access to "confidential due diligence" to determine whether a binding proposal for ...

The Fed's inflation and asset price conundrum

BENJAMIN ONG  |  WEDNESDAY, 28 JUN 2017
... Fed expects inflation to stabilise around 2% "over the next couple of years" as the labour market continues to strengthen. Fair enough. But how strong does the labour market need to be to get inflation lifting? At 4.3% in May, America's jobless rate ...

FSU calls out NAB for lack of standards

JAMIE WILLIAMSON  |  TUESDAY, 20 JUN 2017
Any compliance breaches made by NAB Financial Planning around the incorrect witnessing of Beneficiary Nomination forms prior to 31 May 2017 should not be included in the new conduct background check protocol. That is the view of the Finance Sector Union ...

Equip confirms merger, names CEO and directors

EMMA RAPAPORT  |  MONDAY, 19 JUN 2017
Industry super fund Equip confirmed its merger with the Rio Tinto Staff Superannuation Fund in a move which will double funds under management to $14 billion. Equip chair Andrew Fairley said since the earlier announcement that the funds were in merger ...

ASIC enters new era as industry funding model passes

ALEX BURKE  |  FRIDAY, 16 JUN 2017
The ASIC Supervisory Cost Recovery Levy Bill 2017, which will enable the regulator to recoup costs from the industries it supervises, has been passed into law. Minister for Revenue and Financial Services Kelly O'Dwyer said the passing of the bill reflects ...

Super tax reforms take effect

KARREN VERGARA  |  FRIDAY, 16 JUN 2017
The suite of superannuation taxation reforms affecting contributions, CGT relief and transition to retirement income streams have passed through Parliament. Revenue and Financial Services Minister Kelly O'Dwyer said the amendments under the Treasury ...

Value of advice still unclear: IOOF

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2017
... discussing fees, it will be more useful to provide the full list of services you offer and clearly show why your fees are a fair reflection for those services," Mota said. "If you include intangible benefits of advice, such as counselling against destructive ...

SMSF associations announce merger

EMMA RAPAPORT  |  FRIDAY, 26 MAY 2017
Two industry associations that collectively speak for more than 100,000 self-managed superannuation fund trustees are merging to create a united voice. The Self-managed Independent Superannuation Funds Association, established in 1998 to represent the ...

Macquarie to pay $2m following ASIC probe

ALEX BURKE  |  MONDAY, 22 MAY 2017
ASIC accepted an enforceable undertaking from Macquarie, which includes a community benefit payment of $2 million, following the regulator's investigation into the bank's wholesale foreign exchange business. ASIC determined that on multiple occasions ...

Second private equity firm joins battle for Fairfax

ALEX BURKE  |  FRIDAY, 19 MAY 2017
In the battle for Fairfax Media, a new US-based bidder has entered the fray. Hellman & Friedman (H&F), established in 1984 by Lehman Brothers and Salomon Brothers executives Warren Hellman and Tully Friedman and with about $50 billion in assets under ...