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Showing 1581 - 1590 of 3553 results for "October 9"

MetLife awards $11bn custody mandate

KARREN VERGARA  |  TUESDAY, 23 JAN 2018
MetLife Australia is included among a $10.9 billion custody mandate awarded by its global parent across three key Asia Pacific markets. The US-based life insurer awarded the US$8.7 billion ($10.9 billion) custody mandate to HSBC Securities Services. ...

IOSCO issues caution over ICOs

DARREN SNYDER  |  FRIDAY, 19 JAN 2018
The International Organisation of Securities Commissions warns Initial Coin Offerings (ICOs) have clear risks and are highly speculative investments. IOSCO, seen as the global standard setter for securities regulation, said ICOs are not standardised ...

Industry fund cuts life premiums, renews insurer

KARREN VERGARA  |  FRIDAY, 19 JAN 2018
An $11 billion industry superannuation is reducing its life and total and permanent disability (TPD) insurance premiums for younger members by as much as 50%. MTAA Super recently renewed its long-standing partnership with MetLife to June 2020. The pair ...

Chief economist update: The good news and the good news

BENJAMIN ONG  |  FRIDAY, 19 JAN 2018
... slow to 6.6% in 2017 back in April last year (from 6.7% in 2016), before upgrading it to 6.7% in July and then 6.8% in October (well, as it turned out, that too fell short). The World Bank forecasts were no different. It, too, expected a slowdown, predicting ...

ANZ Wealth tests AI-driven underwriting

KARREN VERGARA  |  THURSDAY, 18 JAN 2018
ANZ Wealth is exploring artificial intelligence opportunities to improve its underwriting processes. The collaboration with the Advanced Analytics Institute at the University of Technology Sydney (UTS AAi) will use machine learning and big data to develop ...

ASIC bans ex-CBA adviser for five years

KARREN VERGARA  |  THURSDAY, 18 JAN 2018
ASIC banned a former Commonwealth Financial Planning adviser from providing financial services for five years. ASIC found Kimberley Holgate advised clients to rollover their existing superannuation account to a new product issued by CBA's subsidiary ...

Offshore investment vehicles await passport arrival

KARREN VERGARA  |  TUESDAY, 16 JAN 2018
The Federal Government is close to re-drafting legislation to allow offshore investment vehicles to operate in and from Australia as early as June, Revenue and Financial Services Minister Kelly O'Dwyer says. The long-awaited Asia Region Funds Passport ...

AMP Capital adds key social infrastructure asset

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2018
AMP Capital acquired a 21% stake in a $1 billion dedicated cancer research and treatment facility on behalf of investors in its Community Infrastructure Fund. The Victorian Comprehensive Cancer Centre (VCCC) operates as a public-private partnership ...

Adviser banned over theft from deceased estate

JAMIE WILLIAMSON  |  FRIDAY, 12 JAN 2018
A former authorised representative of Futuro Financial Services that transferred about $300,000 to himself from a deceased estate has been permanently banned by the corporate regulator. ASIC has permanently banned Robert Pryor Smith of South Australia's ...

Chief economist update: iPhone and Black Friday sales ring up retail registers

BENJAMIN ONG  |  FRIDAY, 12 JAN 2018
... and other retailing were stripped out - or rather, assumed to have increase at the same monthly rate of 0.2% each in October - total retail sales would be just 0.2% higher for an annual growth rate of 1.8%. This is consistent with the ABS' trend estimate ...