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APRA readies ADIs for BEAR

KARREN VERGARA  |  THURSDAY, 18 OCT 2018
APRA is helping authorised deposit-taking institutions brace for the Banking Executive Accountability Regime, which is set to take effect on 1 July 2019. The prudential regulator released guidance for the smaller players in the banking and finance industry ...

Chief economist update: Bull markets don't die of old age

BENJAMIN ONG  |  THURSDAY, 18 OCT 2018
Sticks and stones may break my bones, but Trump's continued criticisms wouldn't hurt me! US President Donald Trump has blamed the Fed for sparking the recent sell-off on Wall Street as well as threatening to undo the "good" for the economy that ...

Financial services employment to boom

JAMIE WILLIAMSON  |  WEDNESDAY, 17 OCT 2018
... controls and frameworks within financial institutions. Many of these roles will be recruited on a contract basis," a report read.

Ban Dollarmites: Spot poll

KARREN VERGARA  |  MONDAY, 15 OCT 2018
Banks should be banned from pedalling financial products in schools, Financial Standard's latest spot poll shows. More than half (53%) of readers agree that CBA's Dollarmites program and any other financial products promoted in schools by financial ...

Lost super sits at $17.5bn

KARREN VERGARA  |  MONDAY, 15 OCT 2018
The total amount of lost and unclaimed superannuation stands at $17.5 billion, new data from the Australian Taxation Office (ATO) shows. During 2017-18, unclaimed super reduced by $420 million, with New South Wales accounting for more than $2.2 million ...

The top-performing ETFs in September are...

KANIKA SOOD  |  FRIDAY, 12 OCT 2018
... MVS) also dropped in the month. The VanEck Vectors MSCI Multifactor Emerging Markets Equity ETF (EMKT) returned about -3%. Read more about how super funds are using ETFs in their portfolios and what's the latest in the fixed income space in ETFs ...

Chief economist update: Wall Street has fallen, prepare to be greedy

BENJAMIN ONG  |  THURSDAY, 11 OCT 2018
Wall Street has fallen! Repeat, Wall Street has fallen! The financial headlines made sure that you, I and Irene are spooked even before Halloween - with accompanying rationales at that. Wall Street plunges as investors seek safety - Sky News Sudden ...

Scale integral to adviser success

JAMIE WILLIAMSON  |  TUESDAY, 9 OCT 2018
The successful financial advice businesses of the future will be those that have gained effective scale. That is the view of Fortnum Private Wealth, believing the increasingly challenging nature of running an advice business will give rise to advice ...

Chief economist update: Is China starting to slow down?

BENJAMIN ONG  |  TUESDAY, 9 OCT 2018
... is expected to inject between US$110 billion and US$175 billion into China's economy (depending on which website you read). Even more so, because the PBOC also doubled down by allowing the yuan depreciate very, very close to the CNY7.000/US$1 line ...

RC interim report is fair: Spot poll

KARREN VERGARA  |  MONDAY, 8 OCT 2018
Findings in Commissioner Kenneth Hayne's interim report are fair and reasonable, according to Financial Standard's latest spot poll. The interim report, which summarised his views of the first four rounds of hearings, included financial advice ...