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

Search Results

Showing 1371 - 1380 of 3937 results for "Feb"

BT Super announces new admin fees

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
BT Super has announced a new admin fee schedule for BT Super and Asgard Employee Super members. The new fee schedule will be implemented as part of BT's simplification and migration program to BT Super. The migration program will see BT migrate ...

K2 head of distribution departs

KANIKA SOOD  |  FRIDAY, 6 DEC 2019
K2 Asset Management's head of distribution has left the company, as it posts its first pre-tax loss in two decades and shuts down a global equities fund. Nicholas Allen left the role in October, to join listed property manager APN Group. At APN ...

Industry fund cuts fees

HARRISON WORLEY  |  FRIDAY, 6 DEC 2019
A $100 billion industry superannuation fund is the latest to make an end-of-year adjustment to its fees. First State Super has made an 11 basis point cut to the investment fee in its balanced growth lifecycle MySuper strategy for employer sponsored ...

Pendal cuts fee on multi-asset fund

KANIKA SOOD  |  FRIDAY, 6 DEC 2019
Pendal Group has dropped the fees on a $690 million multi-asset fund that has been running for close to 40 years. The Pendal Sustainable Balanced Fund will go from charging 0.90% per annum to 0.80% per annum in management costs. Indirect costs are 0.05% ...

APRA proposes new banking data policies

ALLY SELBY  |  FRIDAY, 6 DEC 2019
APRA has proposed new policy changes that would see a substantial increase in the data it makes publicly available on banks, credit unions and building societies. It comes as various scandals continue to tarnish Australia's banking industry post Hayne ...

ACCC immunity deal questioned by court

ELIZA BAVIN  |  FRIDAY, 6 DEC 2019
JPMorgan's former head of equity, capital and derivatives, Richard Galvin, has been forced to answer questions over the immunity deal offered to him by the ACCC over the cartel scandal of 2015. The Commonwealth brought charges against ANZ, Citigroup ...

ASIC takes action against former AMP adviser

HARRISON WORLEY  |  THURSDAY, 5 DEC 2019
ASIC commenced civil proceedings against a former authorised representative of AMP accused of operating an unregistered managed investment scheme and using investor funds for themselves. The corporate regulator has taken action against former financial ...

Mercer hires from industry fund

ELIZABETH MCARTHUR  |  THURSDAY, 5 DEC 2019
Mercer has appointed a chief risk and compliance officer who previously headed up risk for an $80 billion industry fund. Ruby Yadav steps into the role in Mercer's Melbourne office at the start of February as part of the Pacific leadership team. ...

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
The use of cold calling to sell direct life insurance will be prohibited in the New Year.. ASIC will ban unsolicited cold calling in life and consumer credit insurance sales from January 13 next year, following a period of consultation with industry ...

Chief economist update: The Grinch steals Christmas

BENJAMIN ONG  |  WEDNESDAY, 4 DEC 2019
The Reserve Bank of Australia (RBA) disappointed no one when it kept the official cash rate unchanged at a record low 0.75% after the conclusion of its December 3 meeting. This is perfectly rational: Monetary policy operates with a lag - it takes about ...