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Showing 1481 - 1490 of 6177 results for "Statement"

Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... available in addressing the issue of fees-for-no-service and labelled the fact there was no analysis or regulatory impact statement conducted as disappointing. Overall, Kewin said the biggest lesson to come out of the Royal Commission was the need for ...

Corrupt adviser banned, AFSL canned

ALLY SELBY  |  TUESDAY, 4 FEB 2020
ASIC has banned a Queensland-based financial adviser from providing financial services for seven years and cancelled the AFS licence of his business. The corporate regulator found that Timothy Shapter had not provided advice in his client's best interests ...

Sargon companies in administration

KANIKA SOOD  |  MONDAY, 3 FEB 2020
... Last week, Philip Kingston's Sargon was forced into external administration by one if its Chinese creditors. In a statement to Financial Standard, Sargon said one of its creditors, Chinese state-owned insurance company Taiping Trustees has appointed ...

ANZ completes OnePath sale to IOOF

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... estimates proceeds from the transaction will increase its CET1 capital ratio by ~20 basis points," the bank said in a statement to the ASX. "This business has been reported within ANZ's financial results as part of the discontinued operations since 1H18." ...

Westpac facing new class action

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
... unspecified amount. "Westpac will be defending the claim and notes other similar lawsuits may be filed," the bank said in a statement on the ASX. The news comes after the bank was hit with another class action in December last year on behalf of shareholders ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
New insights from Rice Warner claim product disclosure statements are weak in their ability to actually inform or protect consumers. Last year's report from ASIC on the matter said: "The over-reliance on disclosure in some ways proved an enabler of ...

Frydenberg takes RC super advice

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
... implementing several of the report's recommendations, including many pertaining specifically to superannuation. In a statement on Friday afternoon, Frydenberg took aim at 22 of Hayne's recommendations, including implementing the Commissioner's advice ...

Perpetual to build US distribution

KANIKA SOOD  |  FRIDAY, 31 JAN 2020
... a highly experienced, proven candidate to head this new team to be announced in future weeks," the company said in a statement. At the same time, it will extend its reach to key targets in Asia Pacific, the Middle East and into Europe under the leadership ...

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
... Committee's symmetric 2 percent objective," it said. But hold your horses. Recall the "Fed pause" in early 2019? The FOMC Statement released on January 30 last year said almost the same thing, "...the Committee decided to maintain the target range ...

Sargon runs out of steam

KANIKA SOOD, JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
Philip Kingston's Sargon has been forced into external administration by one if its Chinese creditors. In a statement to Financial Standard, Sargon said one of its creditors, Chinese state-owned insurance company Taiping Trustees has appointed McGrathNicol ...