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Showing 1261 - 1270 of 3078 results for "Corporation"

Norway dominates sovereign wealth funds

KARREN VERGARA  |  THURSDAY, 26 APR 2018
... the period; GPFG accounted for one-fifth of this amount. Coming second place with US$900 billion is China Investment Corporation (CIC), which posted strong AUM growth, largely boosted by recent stronger-than-expected Chinese economic growth. UAE's Abu ...

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... to be a bright spot - an $85 million net gain will be recognised. Selling out of Philippines-based Metrobank Card Corporation will record a $121 million net gain for the first tranche. NAB announced it will be hit with $755 million of restructuring costs ...

ANZ dragged its heels on adviser misconduct

ALEX BURKE  |  FRIDAY, 20 APR 2018
The former chief executive of ANZ-aligned RI Advice told the Royal Commission the group took "too long to act" on adviser misconduct. Darren Whereat discussed the case study of former RI Advice authorised representative John Doyle with Senior Counsel ...

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Missed something? Here's a recap of the most read stories to come out of the first week of the Royal Commission's inquiry into financial advice. AMP admits to serious misconduct in RC submissions AMP acknowledged hundreds of instances of misconduct ...

Government ramps up ASIC powers

ALEX BURKE  |  FRIDAY, 20 APR 2018
In light of the Royal Commission, the Turnbull Government has increased criminal and civil penalties for corporate misconduct and boosted ASIC's surveillance powers. Treasurer Scott Morrison and Minister for Revenue and Financial Services Kelly O'Dwyer ...

Chief economist update: Australian workers, don't expect a pay rise

BENJAMIN ONG  |  FRIDAY, 20 APR 2018
The latest Australian employment growth stat misses market expectations. The Australian Bureau of Statistics' (ABS) update shows that while the unemployment rate remained at 5.5% in March - in line with expectations and unchanged from the January and ...

Commonwealth Super signs technology partner

JAMIE WILLIAMSON  |  TUESDAY, 17 APR 2018
The Commonwealth Superannuation Corporation inked a deal with an ASX-listed wealth management technology provider for greater efficiency in administering insurance claims. The CSC has signed a long-term contract with Bravura to implement its Sonata ...

SMSF expert joins boutique investment house

JAMIE WILLIAMSON  |  TUESDAY, 17 APR 2018
... stepping down in 2017. She has since gained non-executive directorships on the boards of the Clean Energy Finance Corporation and Argo Global Listed Infrastructure. In October 2017, PPM expanded its managed accounts offering to include separately managed ...

AMP executive 'apologises' for advice failings

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
AMP's group executive, advice and New Zealand used his appearance at the Royal Commission public hearing to apologise on behalf of the group for failings in the provision of financial advice. In questioning AMP group executive, advice and New Zealand ...

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 ...