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Showing 1341 - 1350 of 4003 results for "Cut"

Brenner leaves AMP

JAMIE WILLIAMSON  |  MONDAY, 30 APR 2018
... not a matter for the board's approval," AMP said. AMP also announced that all board directors have agreed to take a 25% pay cut for the remainder of 2018 and the employment and remuneration consequences for the individuals within the business responsible ...

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
In a workweek cut short by a public holiday, the Royal Commission heard evidence which included an AMP adviser identified only as Mr E, whose clients haven't even been informed of his misconduct yet. It also included a high-profile adviser who "most ...

ROYAL COMMISSION: Our top stories

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
Missed something? Here's a recap of the most read stories to come out of the second week of the Royal Commission's inquiry into financial advice. High profile adviser under fire The Royal Commission heard how Fair Work commissioner Donna McKenna received ...

Chief economist update: Prudence, patience and persistence

BENJAMIN ONG  |  FRIDAY, 27 APR 2018
... rates haven't changed - repo rate at 0.0%; deposit facility at -0.40% and marginal lending facility at 0.25% - since the ECB cut them all back in March 2016 from 0.05%, -0.30% and 0.30%, respectively. "Regarding non-standard monetary policy measures ...

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
ANZ and NAB painted a bleak profitability outlook for shareholders, flagging massive losses ahead of their 2018 half-year reporting period in early May. ANZ will incur a loss of $632 million from the sale of its life insurance, and pensions and investments ...

Royal Commission singles out 325 NAB staff cutting corners

ALEX BURKE  |  TUESDAY, 24 APR 2018
The Royal Commission referred today to a breach report concerning 325 NAB staff, including 204 financial advisers, who were involved in incorrectly witnessing client forms. This finding came out of a line of questioning involving a particular adviser ...

Unions lobby super sector to cut big bank, AMP ties

JAMIE WILLIAMSON  |  TUESDAY, 24 APR 2018
... their capital," Rainmaker said. In a similar move to the ACTU, the Communication Workers Union is lobbying Australia Post to cut its default superannuation arrangement with AMP. Since the closure of the Australia Post Superannuation Scheme in 2013, all ...

Chief economist update: Malcolm puts agricuture in the middle

BENJAMIN ONG  |  MONDAY, 23 APR 2018
"You are all right when you say when you say politically it would have been better for us if we had done it years ago." These are the words from Australian Prime Minister Malcolm Turnbull doing a "mea culpa" for waiting two years before establishing ...

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

BENJAMIN ONG  |  FRIDAY, 20 APR 2018
... turn, carry negative implications for the bond and property markets. Stock prices could also suffer as higher labour costs cut into company earnings while higher interest rates lower stock valuations (as well as increasing interest expenses on company ...

Beer tap runs dry for $2 billion manager

KANIKA SOOD  |  WEDNESDAY, 18 APR 2018
... expensive valuations. PM Capital runs a global opportunities fund and an Asian opportunities fund. In the last quarter, it cut its positions in Macau's gaming companies and closed short positions on American REITs while retaining investments in the Spanish ...