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

Search Results

Showing 2291 - 2300 of 7099 results for "June 2011"

ACSA creates managed fund taskforce

HARRISON WORLEY  |  MONDAY, 11 FEB 2019
The Australian Custodial Services Association will facilitate an industry taskforce to help address what it deems "systemic" obstacles in servicing managed funds and encourage more standards and automation in the local market. ACSA said that in surveying ...

Future Fund delivers 5.8%

KANIKA SOOD  |  MONDAY, 11 FEB 2019
The sovereign wealth fund returned 5.8% in the year ending 31 December 2018, beating the median balanced superannuation fund return by a wide margin. The median balanced superannuation fund returned 0.6% in the year to 31 December and even the top quarter ...

Super fintech chief steps back

JAMIE WILLIAMSON  |  FRIDAY, 8 FEB 2019
A strategic review will see the chief executive of an ASX-listed payments and superannuation fintech step down from the lead role. Effective today, Robin Beauchamp will vacate the role of chief executive at InPayTech. Beauchamp will take on the role ...

The $500k price tag on bad super choices

KANIKA SOOD  |  FRIDAY, 8 FEB 2019
Sticking to a bad super fund could leave the average Australian worker more than $500,000 poorer over their lifetime, latest research from SelectingSuper found. The research considered an average employee's salary, fees and contributions over 45 ...

NAB wealth exit delayed

HARRISON WORLEY  |  FRIDAY, 8 FEB 2019
The bank's separation from MLC is likely to be delayed. NAB said it was likely the planned divestment of its wealth management arm MLC would be delayed as far as June 2020. The bank said that while more detail was yet to arrive about the proposed legislative ...

NAB calls trading halt

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
NAB shares have been placed in a trading halt pending the announcement of leadership changes, the bank announced to the ASX this afternoon. NAB said it wants the trading halt to remain until it makes the announcement. It would lift either at the commencement ...

Chief economist update: RBA still in denial

BENJAMIN ONG  |  WEDNESDAY, 6 FEB 2019
Say what? "The low level of interest rates is continuing to support the Australian economy. Further progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual. Taking account of ...

Sequoia chief resigns

KARREN VERGARA  |  TUESDAY, 5 FEB 2019
Sequoia Financial Group's chief executive and managing director Scott Beeton is bidding farewell after nine years with the company. Beeton has also resigned as a director of the group effective February 4. In November 2018, Beeton flagged he would transition ...

Harder for insurers to dodge claims

KANIKA SOOD  |  MONDAY, 4 FEB 2019
Insurers will find it tougher to dodge paying out claims if the Royal Commission's recommendation to amend insurance law is enacted. At the round six hearings of the Royal Commission, it was revealed that CommInsure used outdated medical definitions ...

Former adviser steals $5m from clients

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
A former financial adviser is facing a lengthy jail term after pleading guilty to the theft of close to $5 million in client funds. Former Adelaide financial adviser James Gibbs appeared before the Adelaide Magistrates Court last Friday charged with ...