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Showing 2501 - 2510 of 6512 results for "Jul"

MetLife revamps relationship management and underwriting teams

KARREN VERGARA  |  TUESDAY, 7 AUG 2018
MetLife Australia made several senior appointments to its relationship management and underwriting teams. Rachel Towell and Stuart White are the latest to join the life insurer as state managers for New South Wales and ACT, and Queensland respectively. ...

Lose grandfathered commissions, lose business: MLC

KARREN VERGARA AND JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
The financial services Royal Commission questioned if MLC's decision to stick with grandfathered arrangements was in the best interest of members following a large consolidation of superannuation funds that provided an opportunity to remove them. ...

Royal Commission revisits fees for no service

KARREN VERGARA  |  MONDAY, 6 AUG 2018
Superannuation funds are coming clean about charging members advice fees in return for no services well before the financial services Royal Commission kicks into its latest round of public hearings. In the Royal Commission's fifth round, which kicked ...

Chief economist update: Not before we get a pay rise

BENJAMIN ONG  |  MONDAY, 6 AUG 2018
Just in time for tomorrow's Reserve Bank of Australia (RBA) monthly board meeting, ME Bank published the results of the 14th survey of its "Household Financial Comfort Report", taken last June. "The ME Household Financial Comfort Report provides ...

ASIC identifies potential risks in ETP market

KANIKA SOOD  |  FRIDAY, 3 AUG 2018
ASIC has identified three potential risks in the $40 billion market for exchange-traded products, following a review triggered by SMSFs and retail investors' growing investment in the vehicles. The three risks in the ETP markets were: temporary widening ...

Royal Commission work impeded: Hayne

DARREN SNYDER  |  THURSDAY, 2 AUG 2018
Commissioner Kenneth Hayne has publicly recorded delays in accessing documents from IOOF ahead of the fifth round of the financial services Royal Commission, beginning August 6. In a ruling published yesterday, the Commissioner detailed that IOOF subsidiary ...

Chief economist update: The grass is paler on the China side

BENJAMIN ONG  |  THURSDAY, 2 AUG 2018
Just as expected, the Fed's 31 July-1 August meeting was a non-event - keeping the fed funds rate unchanged at 1.75%-20% - but it did give the US central bank a platform to gloat about the US economy. "Information received since the Federal Open ...

BNP Paribas AM sells Arnhem stake, appoints new investment manager

JAMIE WILLIAMSON  |  WEDNESDAY, 1 AUG 2018
BNP Paribas Asset Management has sold its 40% stake in Arnhem Investment Management ahead of the fund manager's closure, with the Arnhem Australian Equity Fund to be transferred to a specialist wholesale investor. On July 27, the fund's responsible ...

Chief economist update: The BOJ kills off specs (for now)

BENJAMIN ONG  |  WEDNESDAY, 1 AUG 2018
Just as it was in late 2017/early 2018, the Bank of Japan (BOJ) once more hosed down recent speculations of a tweak in monetary policy towards an (early) exit. Sure, the Japanese central bank tweaked policy, but in the opposite direction. At the conclusion ...

SMSFs: Low balance, low satisfaction

JAMIE WILLIAMSON  |  TUESDAY, 31 JUL 2018
Satisfaction with self-managed superannuation funds dropped in the last 12 months, particularly for those with a balance of less than $250,000. Latest insights from Roy Morgan show that while satisfaction with the financial performance of SMSFs is down ...