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Showing 1901 - 1910 of 5920 results for "March 27"

Industry fund fined over independent advice claims

KARREN VERGARA  |  THURSDAY, 9 MAY 2019
A major industry superannuation fund has been forced to remove "independent" from its financial advice messaging and consequently slapped with a financial penalty issued by the corporate regulator. ASIC alleged Hostplus provided misleading claims to ...

Chief economist update: Same challenges, differing reactions

BENJAMIN ONG  |  THURSDAY, 9 MAY 2019
Deemed the sexiest accent in the world by 'Big 7 Travel', it would have been better (dare I say, sexier) that instead of a printed statement, Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr verbally delivered the news that: "The Official ...

Chief economist update: RBA refused to blink in May

BENJAMIN ONG  |  WEDNESDAY, 8 MAY 2019
Nothing. Nada. Zilch. Despite high expectations that it would leading up to its May Board meeting, the Reserve Bank of Australia (RBA) didn't only NOT cut the official cash rate - it kept it unchanged at a record low 1.5% - it also maintained its ...

SMSF gender gap reduces over time

HARRISON WORLEY  |  TUESDAY, 7 MAY 2019
Latest research from Class shows the superannuation gap between men and women reduces over time in SMSFs yet remains significant. According to the self-managed super administrator, men have a 42% higher average balance than women when SMSFs are established. ...

Colonial First State awards $170m mandate

KANIKA SOOD  |  TUESDAY, 7 MAY 2019
Colonial First State has awarded a global manager a $170 million mandate to invest in Australian real estate securities. DWS will invest in Australian real estate investment trusts (AREITs) on behalf of CFS under the mandate awarded in the first quarter ...

Financial advice drags BTFG results

KARREN VERGARA  |  MONDAY, 6 MAY 2019
BT Financial Group has farewelled a number of its advisers over the last six months as the group continues to offload its loss-making financial advice arm, its latest interim results show. BTFG has reduced its financial planning workforce by about 28% ...

Chief economist update: Not spring yet in the Eurozone

BENJAMIN ONG  |  MONDAY, 6 MAY 2019
Green shoots are appearing in the Eurozone just in time for spring. Eurostat reports its preliminary estimates show the single-currency region's GDP increased by 0.4% in the March 2019 quarter - better than market expectations for a 0.3% gain - ...

Pendal profits plunge, advisers remain positive

KANIKA SOOD  |  THURSDAY, 2 MAY 2019
Pendal Group attracted $100 million net in adviser money in the first half, even as lower performance fees from its funds dragged down the first half results. Pendal reported a cash net profit after tax of $84.5 million, down 26% over 1H18. This slump ...

NAB, Nippon lock heads over MLC

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
The National Australia Bank is clashing with Nippon Life about spinning off MLC as a standalone entity, admitting it is amid "disputing" contractual obligations. NAB revealed in its March 2019 interim financial results this morning a number of disputes ...

Chief economist update: Policy of patience

BENJAMIN ONG  |  THURSDAY, 2 MAY 2019
The US Federal Reserve just concluded its April 30 - May 1 FOMC meeting and decided it best to do nothing but reaffirm its policy of patience, as you, I and Irene expected. "Consistent with its statutory mandate, the Committee seeks to foster maximum ...