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

Search Results

Showing 1291 - 1300 of 4372 results for "Press"

IOOF struck by outflows, former chair resigns

ELIZA BAVIN  |  FRIDAY, 25 OCT 2019
IOOF has reported $133 million in quarterly net outflows from its financial advice and investment management businesses for the 3 months to 30 September. The Financial Advice division had $33 million of net inflows compared to $119 million of net inflows ...

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
A new paper on the consumer impact of Approved Product Lists (APLs) claims institutionally-aligned Australian Financial Services Licensees (AFSLs) are funneling new clients into in-house products, potentially in breach of Best Interest Duty obligations. ...

ASIC nudges robo-adviser to shutter

ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
... situations were inadequate. Lime FS decided to close both tools. Both websites are now defunct. ASIC commissioner Danielle Press said: "Digital advice tools offer a convenient and low-cost alternative to consumers who may otherwise not seek personal ...

YouTube fundie walks away

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... completely walk away. Woodford had a long and successful career and was repeatedly referred to as a "star stock-picker" in the UK press before the woes of 2019. In June this year, the Woodford Equity Income Fund (WEIF) was first suspended due to liquidity ...

Fees down across asset classes: Report

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2019
A report has found substantial fee reductions across a number of asset classes, associated with continued pressure on external manager fees from asset owners. The bfinance report found fees for active global equity mandates have fallen by 7% since 2013 ...

No pain, no gain: APRA

HARRISON WORLEY  |  TUESDAY, 15 OCT 2019
... heatmaps posed problems - like misuse and misrepresentation of the system - Rowell said it wasn't a good enough excuse to not press ahead with the plan, a sentiment APRA wants funds to share. "We aren't allowing difficulty to be an excuse for inaction," ...

Fund Manager of the Year revealed

JAMIE WILLIAMSON  |  MONDAY, 14 OCT 2019
The Fund Manager of the Year has been named at the eighth annual Zenith Fund Awards, with the winner also taking out top honours for infrastructure and international equities excellence. Magellan Asset Management took home the Fund Manager of the Year ...

SMSFs not for everybody: ASIC

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... "extremely unlikely" for investors to gain any advantage from managing their own retirement savings. Commissioner Danielle Press said the corporate regulator is concerned that too much of the public's focus on SMSFs is on their potential benefits ...

One in three chance of global recession: Aviva

ELIZA BAVIN  |  MONDAY, 14 OCT 2019
Aviva Investors has warned of a one in three chance of a global recession next year, saying the trade and manufacturing sector is already at recessionary levels. The global asset manager outlines in its report that it expects global growth to remain ...

Chief economist update: When QE is not QE

BENJAMIN ONG  |  MONDAY, 14 OCT 2019
... duck and quacks like a duck, is it a duck? It is not, according to the US Federal Reserve. On October 11, the Fed issued a press release explaining its plan to buy Treasury bills at "an initial pace of approximately $60 billion per month, starting with ...