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Showing 1531 - 1540 of 2605 results for "WAI"

US Fed cleared for lift-off

BENJAMIN ONG  |  MONDAY, 7 DEC 2015
So here we are. After month after month after month of speculating the 'when' of lift-off, it's finally coming. As fate or coincidence would have it, 16 December marks the beginning and now the coming end of the US Federal Reserve's near zero interest ...

Fairy tales may come true

BENJAMIN ONG  |  THURSDAY, 3 DEC 2015
We all know the saying, "it ain't over till the fat lady sings", well, last night... she did. Read her lips and hear her sonata: "Were the FOMC to delay the start of policy normalization for too long, we would likely end up having to tighten policy ...

TAL Direct business penalised for advertising

ALEX BURKE  |  WEDNESDAY, 2 DEC 2015
TAL Direct's InsuranceLine business has been fined by ASIC for false or misleading advertising. Specifically, the advertising suggested that the Income Protection Plus product provided "illness and injury cover up to 85% of income to $10,000 a month" ...

The world of ASFA according to Twitter

MICHELLE BALTAZAR  |  TUESDAY, 1 DEC 2015
A rocket scientist, an Oscar winner and a literary figure walked into a bar. No, wait, a superannuation conference. It was the superannuation conference that launched a thousand tweets. 1,493 to be exact over a three-day period. This may sound miniscule ...

CBA refunds $80m for failing to apply discounts

LAURA MILLAN  |  WEDNESDAY, 25 NOV 2015
Commonwealth Bank (CBA) will refund about $80 million to around 216,000 Wealth Package customers as a compensation for failing to apply fee waivers, interest concessions and other benefits since 2008. The Wealth Package offered benefits such as interest ...

Road of no return

BENJAMIN ONG  |  WEDNESDAY, 25 NOV 2015
"One concern was that such a delay, if the reasons were not well understood by market participants, could increase uncertainty in financial markets and unduly magnify the perceived importance of the beginning of the policy normalization process." This ...

MLC takes axe to life insurance premiums

DARREN SNYDER  |  MONDAY, 23 NOV 2015
MLC has announced it is cutting premiums for two life insurance products by up to 15% as part of a reinvigoration aimed solely at attracting new customers. The premium cuts come into effect at the same time MLC is beginning its customer smartwatch fitness ...

Advice M&A deals boom after years of stagnation

LAURA MILLAN  |  FRIDAY, 20 NOV 2015
Mergers and acquisitions of advice practices are happening at an unprecedented level due to excellent market conditions, according to Forte Asset Management director Steven Prendeville. Speaking at a panel session of the FPA Congress titled 'How to ...

IOOF upgrades online trading platform

LAURA MILLAN  |  WEDNESDAY, 18 NOV 2015
IOOF has updated its Pursuit platform and given users the option of instant, real-time trading. Upgrades were made in the areas of online transaction, share trading and corporate actions capabilities. Advisers will be able to place a buy order with ...

ASIC grilled on whistleblower compensation

LAURA MILLAN  |  MONDAY, 9 NOV 2015
Financial compensation for corporate whistleblowers is back on the agenda after the Senate Economics Committee grilled representatives from the Australian Securities and Investments Commission (ASIC). At the latest Senate Economics Committee hearing ...