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

Search Results

Showing 2191 - 2200 of 7415 results for "MAI"

Advisers still unclear on referral rules

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JAN 2020
The Financial Adviser Standards and Ethics Authority Code of Ethics which came into effect from the start of the year has left many unclear on what kind of referrals are allowed. Amid news at the start of the year that Mark Bouris' Yellow Brick Road ...

Chief economist update: Steady as it was, steady it will be

BENJAMIN ONG  |  WEDNESDAY, 29 JAN 2020
It could have been because it happened at the same time that the coronavirus was making the headlines, or because financial markets widely expected it, or a bit of both, but the European Central Bank's (ECB) first Governing Council meeting for 2020 ...

Future Fund returns 14.3% for the year

KANIKA SOOD  |  TUESDAY, 28 JAN 2020
Australia's $168 billion sovereign wealth fund returned 14.3% last year, while warning that future returns will be lower. Future Fund left its allocations largely unchanged during the year, only taking away marginally from most asset classes to ...

Former Wells Fargo chief banned for life

ALLY SELBY  |  FRIDAY, 24 JAN 2020
Former Wells Fargo chief executive John Stumpf has been banned from the banking industry and will cough up US$17.5 million for his role in the fake accounts scandal that has continued to rock the world's fourth largest bank since 2016. The Office of ...

CIMIC in $1.8b writedown

ELIZA BAVIN  |  FRIDAY, 24 JAN 2020
The country's largest construction company has reported a loss of $1.8 billion, blaming tough market conditions in the Middle East. CIMIC announced the writedown in a submission on the ASX saying the decision to exit the Middle East market came after ...

The growing risk to financial advisers

ALLY SELBY  |  THURSDAY, 23 JAN 2020
Financial advisers must act to repair the trust deficit or risk being superseded by superannuation funds. That's according to advisory and accounting firm HLB Mann Judd's Michael Hutton, who warned of the threat the changes could have to financial ...

Aussie stocks burnt in blaze

ALLY SELBY  |  THURSDAY, 23 JAN 2020
As Australia burns, so too does the bottom line of our listed companies, with real implications for our retail, insurance, agriculture and transport sectors. The Australian economy is also not without risk, with many economists predicting that the bushfire ...

Your Super, Your Choice debate heats up

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
The Financial Services Council and the Australian Institute of Superannuation Trustees aired some grievances about the planned Your Superannuation, Your Choice legislation. FSC chief executive Sally Loane said while the FSC broadly supports the new ...

DNR expands distribution team

ELIZA BAVIN  |  THURSDAY, 23 JAN 2020
DNR Capital has expanded its wholesale and distribution team with the appointment of a new regional manager for New South Wales and Queensland. Robert Coates will join the team from Pengana Capital, where he was responsible for servicing financial advisers ...

Westpac appoints new chair

ELIZA BAVIN  |  THURSDAY, 23 JAN 2020
Westpac has appointed John McFarlane to the board as non-executive director and chair-elect, set to replace Lindsay Maxsted on 2 April 2020. McFarlane has over 44 years' experience in the financial services industry both in Australia and internationally ...