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Showing 2661 - 2670 of 9740 results for "Major"

Banks must prioritise NPP, says Reserve Bank

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... competition and innovation." He went on to write: "Given these issues, the board has asked me to obtain assurances from the major banks that they are putting a sufficiently high priority on continuing their internal projects to allow their customers ...

IOOF faces class action

KANIKA SOOD  |  MONDAY, 18 MAR 2019
... statement. "It will be tens of thousands of people. It is a widely held stock," Scattini told Financial Standard. "There will be major investors but I can't speak on behalf of them." The firm secured backing from litigation funder Regency Group to ...

Zero tolerance approach to poor culture needed

KARREN VERGARA  |  MONDAY, 18 MAR 2019
... behaviour and getting culture right. Monash Business School professor Graeme Samuel, who appeared at the 2019 Conference of Major Super Funds (CMSF) via video link, took a simplistic yet tough approach to solving the culture crises exposed by the Royal ...

Chief economist update: Be fearful when indicators show no fear

BENJAMIN ONG  |  MONDAY, 18 MAR 2019
... tune over the past few weeks - from a mini-me Dr. Doom to a prophet of boom - based on the rationale that the world's major central banks have toned down and/or reversed their hawkish rhetoric (and in China's case, soon Australia, engaged in ...

Brookfield acquires 62% of Oaktree Capital

KANIKA SOOD  |  FRIDAY, 15 MAR 2019
Brookfield Asset Management is set to acquire 62% of Oaktree Capital, creating a $672 billion alternative investment behemoth. The 120-year-old Canadian firm will pay roughly $6.8 billion for the stake in Oaktree Capital. Following the transaction ...

Reforming bank culture rests on regulators: Silk

KARREN VERGARA  |  FRIDAY, 15 MAR 2019
... Commission have what it takes to become good corporate citizens - if left to their own devices. Appearing at the Conference of Major Super Funds, Silk was asked whether the big banks have the ability to change poor culture of their own volition. "I don't ...

Super funds eye intra-fund advice shake-up

KARREN VERGARA  |  FRIDAY, 15 MAR 2019
The superannuation industry has its sights on lifting restrictions around intra-fund advice, the Conference of Major Super Funds has heard. Speaking on a panel discussing the future of advice in superannuation, Industry Funds Services (IFS) chief executive ...

Investors stick with managed accounts despite volatility

HARRISON WORLEY  |  THURSDAY, 14 MAR 2019
Latest research shows inflows pushed managed accounts through strong headwinds in the second half of 2018. The Institute of Managed Accounts Professionals' latest six monthly Managed Accounts FUM Census shows net fund inflows in the second half of last ...

Cbus director wins trustee award

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
... Cbus is on track to save $100 million in investment costs a year by 2021. Noonan accepted the award at the Conference of Major Superannuation Funds (CMSF) yesterday and acknowledged industry fund pioneer Mavis Robertson as his mentor. "His engagement ...

Rejuvenated APRA asserts authority

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
... cooperation. But it is being held back by the long-awaited passage of a Bill. Deputy chair Helen Rowell told the Conference of Major Superannuation Funds (CMSF) yesterday that APRA has turned a new leaf following several issues and recommendations raised ...