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

Search Results

Showing 2361 - 2370 of 6264 results for "DET"

Nomura ordered to pay back US $25m

KANIKA SOOD  |  TUESDAY, 16 JUL 2019
The giant's securities business has been ordered to pay back US $25 million to clients misled by its bond traders, in an enforcement action by the US corporate regulator. Many of Nomura's bond traders made false and misleading statements to customers ...

Government reduces deeming rates

KARREN VERGARA  |  MONDAY, 15 JUL 2019
The Federal Government has announced changes to deeming rates, a move welcomed by over 600,000 age pensioners. The Department of Human Services (DHS) will backdate deeming rates from 1 July 2019. The lower deemed rate will drop from 1.75% to 1%, while ...

ASIC slams consumer credit failures

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
ASIC's review of the sale of consumer credit insurance has lambasted the sector for consistently failing consumers in the design and sale of products. According to ASIC report 622, CCI products are being promoted and sold to customers unfairly, and ...

REI Super announces new partnership

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
The $1.6 billion super fund for the real estate industry announced a new partnership to power better member outcomes. REI Super is partnering with Laneway Analytics for data insights specific to user requirements across roles within the super fund. ...

Former financial adviser jailed

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
A former financial adviser who used $5 million in client funds to prop up his own business, pay off his credit cards and gamble has been jailed. James Gibbs was convicted of theft and dishonesty offences committed when he was director of James Gibbs ...

Chief economist update: A case for optimism

BENJAMIN ONG  |  THURSDAY, 11 JUL 2019
With a buoyant stock market, tax cuts, lower interest rates and a recovering housing market, one would think all Australians should have every reason to dance on the streets. Australians, all, should be dancing on the streets to Jimmy Cliff's classic ...

SG Hiscock hires from Macquarie

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUL 2019
SG Hiscock & Company has appointed a new investment specialist who will be responsible for fund distribution across New South Wales and Queensland and a new business development executive - both from Macquarie Group. Matthew Potter steps into the investment ...

LGIAsuper to stand on its own

HARRISON WORLEY  |  TUESDAY, 9 JUL 2019
Queensland-based superannuation fund LGIAsuper has doubled down on its efforts to rebuke the current trend of consolidation sweeping the sector. In a post to its website, chief executive of the $12 billion fund, Kate Farrar said LGIAsuper was not seeking ...

ASIC boosts AFSL application requirements

HARRISON WORLEY  |  MONDAY, 8 JUL 2019
ASIC has altered the procedure it uses to assess Australian Financial Services Licence applicants, with many now required to provide more historic information to the corporate regulator. ASIC released information sheet 240 to help guide for AFSLs affected ...

Class expands executive line-up

HARRISON WORLEY  |  THURSDAY, 4 JUL 2019
Self-managed super administrator Class made a raft of additions to its executive leadership. In a quarterly update to the ASX today, Class revealed it made three senior appointments to fill its executive leadership team, enabling the firm to formulate ...