Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 2161 - 2170 of 6679 results for "Sale"

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... massive losses ahead of their 2018 half-year reporting period in early May. ANZ will incur a loss of $632 million from the sale of its life insurance, and pensions and investments businesses. About $277 million is attributed to an assets and liabilities ...

Centuria Life announces promotion

KARREN VERGARA  |  TUESDAY, 24 APR 2018
Centuria Life appointed a new lead for its investment bond business which has more than $850 million in funds under management. Michael Blake, formerly Centuria Capital head of sales and marketing, has been promoted to head of Centuria Life. He replaces ...

Royal Commission can only mean more red tape: Poll

DARREN SNYDER  |  MONDAY, 23 APR 2018
Financial Standard readers predict the financial services Royal Commission will turn the financial advice industry in a new direction, and with more red tape. The publication's weekly spot poll shows more than half (55%) of the respondents strongly ...

XTB launches ESG fixed income portfolio

KANIKA SOOD  |  MONDAY, 23 APR 2018
The $265 million fixed income securities manager has launched a fixed income portfolio of ESG securities, with an absolute return objective of 1% above the cash rate. The XTB emerald fixed income portfolio is a managed portfolio of individual bond units ...

Royal Commission presents clear downside for bank stocks

ALEX BURKE  |  MONDAY, 23 APR 2018
Findings from the Royal Commission, and the possible increased regulation that will emerge as a result, have weakened the investment case for Australia's banking sector. Research from Credit Suisse analysts Jarrod Martin and Brendon Ferreira suggests ...

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
As the Royal Commission disbands for the week, Financial Standard summarises all the evidence heard on day four and five of the financial advice industry's turn before Commissioner Kenneth Hayne. Executives from Westpac, CBA and AMP have now made an ...

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Missed something? Here's a recap of the most read stories to come out of the first week of the Royal Commission's inquiry into financial advice. AMP admits to serious misconduct in RC submissions AMP acknowledged hundreds of instances of misconduct ...

RC questions adviser sales tactics

KARREN VERGARA  |  FRIDAY, 20 APR 2018
The financial advice industry is grappling with a sales culture mentality and is only at the "cusp" of being a "true profession," this morning's session of the Royal Commission has revealed. On his second day in the hot-seat, BT Financial Advice general ...

HUB24 expands distribution team

KANIKA SOOD  |  FRIDAY, 20 APR 2018
HUB24 has created two distribution roles, appointing two former Colonial First State executives. Joining HUB24's distribution team is Shane Muscat, formerly CFS head of institutional sales. Muscat takes on the newly-created role of HUB24's head of strategic ...

Powerwrap gears up for IPO

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
... capital raise is just the latest step in what has been an exciting 12 months for Powerwrap, having progressed from a potential sale in early 2017 to now readying to float with an all new executive line-up. In June last year, Powerwrap announced it had ...