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Showing 1261 - 1270 of 3180 results for "ACTU"

Unions lobby super sector to cut big bank, AMP ties

JAMIE WILLIAMSON  |  TUESDAY, 24 APR 2018
... banks in light of issues exposed at the financial services Royal Commission. In a letter to industry fund chief executives, ACTU secretary Sally McManus urged funds to reconsider their relationships with Westpac, Commonwealth Bank, ANZ and NAB in accordance ...

Millennials faring well financially: BTFG

HARRISON WORLEY  |  MONDAY, 23 APR 2018
The latest research report from BT Financial Group highlights Australian millennials as most optimistic about their future, despite the rising costs of living. According to BT's research, millennials have bucked myths often associated with the generation ...

Powerwrap gears up for IPO

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Powerwrap has confirmed it recently completed a pre-IPO capital raise to the tune of $7.5 million. Speaking to Financial Standard, Powerwrap chief executive Will Davidson said the platform sought the backing of existing institutional investors to raise ...

New manager raising $30m for crypto fund

ALEX BURKE  |  WEDNESDAY, 18 APR 2018
A new investment manager launched by tech veterans is seeking to raise $30 million for one of Australia's first funds dedicated exclusively to cryptocurrency investments. Anti Hero Capital, whose managing partners also founded tech agency M5859, are ...

Commonwealth Bank refunding millions in fees for no service

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
In its three submissions to the Royal Commission, Commonwealth Bank has admitted to at least $118.5 million of fee for no service misconduct. Providing examples of misconduct by authorised representatives and financial advisers employed by CBA and related ...

ANZ issues last minute RC submission correction

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
ANZ issued a correction to its submissions to the Royal Commission over the weekend ahead of the next fortnight's hearings on financial advice. Senior Counsel Assisting Rowena Orr said the Royal Commission was provided with a correction by ANZ on Sunday ...

ASIC fees to more than double

JAMIE WILLIAMSON  |  THURSDAY, 12 APR 2018
The cost of doing business with the corporate regulator has gone up under draft legislation supporting the new funding model for ASIC, released by Treasury yesterday. Under the draft reforms, the hourly rate charged by ASIC will more than double from ...

Milliman launches course correction tool for retirees

ALEX BURKE  |  TUESDAY, 10 APR 2018
Milliman is rolling out a new retirement portfolio strategy which aims to apply a capital protection overlay to hedge against downside risk in equity markets. The product is called Even Keel. As explained by Milliman practice leader Wade Matterson in ...

Spotlight on financial elder abuse

JAMIE WILLIAMSON  |  FRIDAY, 6 APR 2018
While financial advisers are among those best placed to identify instances of financial elder abuse, cases are continually slipping under the radar as it becomes increasingly difficult to recognise. Speaking at the Challenger Financial Standard Technical ...

Asset consultant announces senior hire

HARRISON WORLEY  |  FRIDAY, 6 APR 2018
An Australian asset consultant with $300 billion in funds under advice has landed a Mercer lead consultant to strengthen its advice capabilities. Elie Saikaly will join the senior advisory ranks at Frontier Advisors as a principal consultant from June. ...