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Showing 2451 - 2460 of 4932 results for "MIS"

Chief economist update: Fed's on target, BOJ takes out target

BENJAMIN ONG  |  THURSDAY, 3 MAY 2018
The US Federal Reserve's 1-2 May FOMC meeting was both expected and a non-event - it kept the fed funds rate target at 1.5%-1.75% and more or less cut and pasted the FOMC Statement at its 20-21 March meeting. Well, maybe less, for May's statement was ...

Venerable US manager eyes Australian expansion

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
A US-based global investment manager with about $226 billion in assets is opening its first Australian office. American Century Investments, established in 1958, has expanded into Sydney and appointed Michelle Kidd as vice president, institutional advisory ...

ASIC tightens grip on ICO issuers

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
ASIC is sifting through statements made by Initial Coin Offering (ICO) issuers to identify material that could mislead or deceive investors, and has already identified non-compliant offers. The Australian Securities and Investments Commission is sending ...

Life insurance regulation needs government backing: Poll

KARREN VERGARA  |  WEDNESDAY, 2 MAY 2018
An overwhelming number of people who work in life insurance believe the industry needs government backing so it can properly regulate. In a survey conducted by DST Systems, a large number of respondents (85%) want to engage with ASIC to strengthen the ...

IOOF flags ANZ Wealth results ahead of acquisition

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
IOOF alerted shareholders to the updated performance figures for the businesses it is planning to acquire from ANZ. The bank's 1H18 results reveal that cash profits in the wealth division slid by 24% to $44 million. ANZ said this was because of a non-recurring ...

Chief economist update: A$ falls to the occasion

BENJAMIN ONG  |  WEDNESDAY, 2 MAY 2018
"My fellow Australians, ask not what your country can do for the Australian dollar, ask what the Australian dollar can do for your country." That's me bastardising John F. Kennedy's inaugural address as the 35th US President back in 1961 (before I was ...

Retirement spending declines faster than believed: Research

KANIKA SOOD  |  TUESDAY, 1 MAY 2018
Spending by retiree couples falls much faster as retirement progresses than traditionally believed, calling for a change in how retirement products are designed. Research from Milliman shows the median Australian retiree couple's spending at 85 years ...

Vale Terry Mackenroth

KARREN VERGARA  |  TUESDAY, 1 MAY 2018
Terry Mackenroth, QSuper trustee and former deputy premier and treasurer of Queensland, has passed away. Mackenroth joined QSuper in 2016 after a long-serving parliamentary career that spanned nearly 28 years. Mackenroth was responsible for setting ...

CBA enters APRA EU

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
APRA has accepted an Enforceable Undertaking from Commonwealth Bank, having determined the bank's operational risk management framework "worked better on paper than in practice." Releasing the final report of its prudential inquiry into CBA, the regulator ...

Uncertainty abounds future of advice regulation

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
Testimony provided to the Royal Commission by key financial advice associations and the corporate regulator raised concerns as to the organisations' efficacy in identifying and penalising misconduct. In closing the Royal Commission's inquiry into financial ...