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Showing 1521 - 1530 of 9740 results for "Major"

CFS targets adviser market

KARREN VERGARA  |  THURSDAY, 2 DEC 2021
With a $430 million funding boost, Colonial First State hopes to capture a bigger slice of the financial adviser market. Upon announcing that Commonwealth Bank relinquished its 55% stake as of yesterday, CFS unveiled its grand plan to transform operationally ...

Retirement Income Covenant hits parliament

KARREN VERGARA  |  FRIDAY, 26 NOV 2021
The Retirement Income Covenant's introduction to parliament yesterday has been welcomed by major industry bodies. The Corporate Collective Investment Vehicle Framework and Other Measures Bill 2021 currently sits before the house, containing the ...

ACCC not opposed to NAB, Citi deal

CHLOE WALKER  |  THURSDAY, 25 NOV 2021
... offering, and many different credit card providers remain for consumers. "NAB today is smaller in credit cards than its major bank rivals, and we don't consider adding Citi's card operations to NAB will materially change the level of competition." The ...

Morningstar launches retirement strategy tool

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
Morningstar has launched a new retirement strategy tool, aimed at assisting financial advisers in managing longevity risk for clients. Ryan Murphy, head of decision sciences at Morningstar, launched the new tool today. He said it is designed to take ...

Super funds failing three-day transfer requirement

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
Trading platform Stake - which has a DIY super offering - has called out some of the largest super funds, saying they are failing to roll over members to its SMSF offering in the required three days. Since October 1, APRA regulated super funds have ...

CBA receives regulatory approval for CFS sale

CHLOE WALKER  |  TUESDAY, 23 NOV 2021
Commonwealth Bank of Australia (CBA) today announced all regulatory approvals have been received for the sale of a 55% interest in Colonial First State (CFS) to leading global investment firm KKR. The transaction is expected to complete on 1 December ...

Economic recap: Week to November 19

BENJAMIN ONG  |  MONDAY, 22 NOV 2021
... its target to keep the April 2024 Australian government bond yield at 10 basis points at its November meet. But overall, major central banks are keeping up with the narrative that the recent surge in inflation is transitory. I tend to agree. With the ...

Complaints filed against ASIC lawyers

JAMIE WILLIAMSON  |  FRIDAY, 19 NOV 2021
... to ensure Mawhinney's lawyers were properly served prior to ASIC publishing the release, "resulting in more than a dozen major news publications circulating ASIC's damning allegations of misconduct prior to being properly informed of ASIC's case against ...

Easton to rebrand, seeks to scale

KARREN VERGARA  |  FRIDAY, 19 NOV 2021
Easton Investments is proposing to rebrand as it looks to "major opportunities" next year in a bid to scale. The ASX-listed firm plans to change its name from Easton Investments to Diverger as the former "no longer reflects the activities, strategic ...

Australians look to gift crypto assets

KARREN VERGARA  |  WEDNESDAY, 17 NOV 2021
... paying for goods and services, only 13% have used cryptocurrency for payments during the past 12 months. Security remains a major concern as eight in 10 respondents prioritise it when choosing where to buy crypto, while 78% said they look for low fees. ...