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Showing 12861 - 12870 of 21799 results for "Dec"

FoFA amendments undermine confidence in advisers: Shorten

LAURA MILLAN  |  MONDAY, 28 APR 2014
The Opposition Leader Bill Shorten said that the government's proposed amendments to the Future of Financial Advice (FoFA) legislation undermine confidence in financial advisers. Speaking to journalists in Brisbane today, Shorten said that "the government ...

Research house launches direct ratings system

LAURA MILLAN  |  MONDAY, 28 APR 2014
Independent researcher Defaqto has launched a ratings system addressed at consumers who want to purchase financial products without going through an adviser. The Life Assurance Star Ratings identifies over 50 direct life insurance products and rates ...

ASIC cancels two more AFSL licences

LAURA MILLAN  |  MONDAY, 28 APR 2014
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licence (AFSL) of a Parramatta insurance broker and of Banksia Mortgages. The Parramatta-based WD Gelle Insurance & Finance Brokers' licence ...

JANA awards $385m mandate to Californian manager

MARK SMITH  |  MONDAY, 28 APR 2014
JANA Investment Advisers (JANA) has awarded a $385 million global equity mandate Los Angeles-based asset manager Causeway Capital Management. Specifically, the mandate was awarded to Causeway's developed markets large-cap strategy Global Value Equity. ...

Larry Fink pays tribute to Australian super system

MARK SMITH  |  THURSDAY, 24 APR 2014
BlackRock chairman and chief executive Larry Fink has endorsed Australia's superannuation system in a recent letter to shareholders. As the world's largest asset manager celebrates its 25th anniversary, Fink's note highlighted the unpreparedness of ...

Treasurer readies electorate for Age Pension cuts

MARK SMITH  |  THURSDAY, 24 APR 2014
Treasurer Joe Hockey has given the strongest signal yet that cuts to the Age Pension will headline a raft of belt-tightening measures in the upcoming Budget. In a speech at Sydney's Doltone House yesterday, the Treasurer said that Australia's spending ...

FEATURE: Re-imagining Australia's financial future

STAFF WRITERS  |  THURSDAY, 24 APR 2014
With the deadline now closed for submissions to the Financial System Inquiry, the first investigation into the sector in 16 years, Financial Standard investigates the big themes, the surprises and what has been missed amongst the more than 250 publicly ...

Big obstacles for funds going it alone on PE

ALEX DUNNIN  |  THURSDAY, 24 APR 2014
Private equity (PE) returns may be stronger than we think and while this is attracting super funds to direct their own PE investment placements, this approach is not for everybody, reveals new research from McKinsey & Company. The global management ...

Super fund custody 'fee holidays' revealed

JAMES FERNYHOUGH  |  TUESDAY, 22 APR 2014
Custodians have been offering their services to superannuation funds for free in a move to undercut the competition. Financial Standard understands that Citi, for example, provided an 18-month fee holiday to HOSTPLUS, whose business it won from J.P. ...

Portfolio disclosure's unintended consequences

ALEX DUNNIN  |  TUESDAY, 22 APR 2014
Stronger Super's portfolio disclosure rules present major challenges to super funds investing in private markets, not because the investments are opaque but because portfolio disclosure could require them to disclose their intentions about future transactions. ...