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Showing 1511 - 1520 of 3181 results for "ACTU"

Morgan Stanley chief executive steps down

JAMIE WILLIAMSON  |  FRIDAY, 7 OCT 2016
Steve Harker has stepped down as chief executive of Morgan Stanley Australia. Harker is one of the longest standing financial services chief executives, having been in the top job for 18 years after assuming the role in 1998. Succeeding Harker is Richard ...

More poor customer outcomes expected: Narev

JAMIE WILLIAMSON  |  WEDNESDAY, 5 OCT 2016
Commonwealth Bank chief executive Ian Narev anticipates there will be more cases of poor customer outcomes as an independent review of the bank continues. Narev told the ongoing parliamentary committee in Canberra yesterday that while CBA has implemented ...

LT Management fined over false SMSF advertising

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2016
LT Management has paid an infringement notice for making misleading statements in relation to establishing a self-managed superannuation fund. The company was fined $10,800 by ASIC for deceptive representations in regards to the cost of setting up an ...

Asset owners, managers not prepped for blockchain

JAMIE WILLIAMSON  |  FRIDAY, 23 SEP 2016
A survey by State Street has found that while 65% of APAC asset owners and managers expect blockchain technology to be widely adopted in the next five years, only 33% of participants actually have blockchain initiatives underway at present to support ...

Parametric keeps value factors in check

DARREN SNYDER  |  TUESDAY, 20 SEP 2016
Global asset manager and tax efficiency specialist Parametric is pitching to Australian superannuation funds with a factor-based investment strategy for global equities that targets the value factor. Parametric chief investment officer Paul Bouchey ...

Advice clients need greater clarity on fees: survey

JAMIE WILLIAMSON  |  FRIDAY, 16 SEP 2016
Financial advisers consistently misjudge their clients' understanding of advisory fee structures, thereby harming their own businesses, according to an industry survey. This is the key finding from a paper released by State Street Global Advisors' SPDR ...

Retirement income opportunities begin early

DARREN SNYDER  |  FRIDAY, 16 SEP 2016
Choice chief executive Alan Kirkland believes bi-partisan government support is needed for a superannuation objective that makes the retirement income message clear. Kirkland says too often debates occur around super's purpose and whether people's retirement ...

CIPR discussion paper by year's end

DARREN SNYDER  |  WEDNESDAY, 14 SEP 2016
There are still plenty of policy issues that have to be unpicked around Comprehensive Income Products for Retirement but Treasury says a framework discussion paper will be released by year's end. Treasury retirement income policy division head, Jenny ...

Industry must collaborate to defeat cyber threats

KERRIE SYDEE  |  WEDNESDAY, 14 SEP 2016
The financial services industry must collaborate with academics and governments if it wishes to have an impact on cyber threats, according to group chief information security officer at Westpac Banking Group, Richard Johnson. Addressing a panel on the ...

Businesses face unprecedented cyber threats: CIA

KERRIE SYDEE  |  TUESDAY, 13 SEP 2016
Australian businesses must be prepared for the unprecedented number of attacks to cyber security, according to deputy director, directorate of science and technology at the US Central Intelligence Agency, Dawn Meyerriecks. Speaking at the SINET61 Summit ...