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

Search Results

Showing 2871 - 2880 of 8591 results for "SIM"

Westpac facing new class action

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
Westpac is facing a new class action over issues connected to the bank's monitoring of financial crime and the recent AUSTRAC scandal. Rosen Law, a US based international investor rights law firm, filed the class action on behalf of purchasers of ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
New insights from Rice Warner claim product disclosure statements are weak in their ability to actually inform or protect consumers. Last year's report from ASIC on the matter said: "The over-reliance on disclosure in some ways proved an enabler of ...

AMP confirms executive hire

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
James Georgeson has been appointed to the position on a permanent basis, effective 3 February 2020. Georgeson was appointed acting chief financial officer after Moorhead decided not to take on the role from outgoing chief financial officer Gordon Lefevre. ...

SMSF data misleading: BGL

ALLY SELBY  |  FRIDAY, 31 JAN 2020
SMSF administrator BGL Corporate Solutions has called out ASIC over a "misleading" fact sheet it published and distributed to SMSF trustees last year. It comes after SMSF Association chief John Maroney slammed the regulator over the data used in the ...

First State Super acquires rental properties

ALLY SELBY  |  THURSDAY, 30 JAN 2020
First State Super has acquired 55 rental units six kilometres from Melbourne's CBD in a bid to improve housing affordability for nurses, police and firefighters. The rental properties will be offered to healthcare, aged care, disability services ...

AMP cuts super fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
AMP is reducing investment and administration fees across its suite of superannuation products, including removing the Stronger Super fee it introduced in 2013 to finance the implementation of the reforms. The fee cuts will be applied to MySuper, choice ...

Bearish sentiment bites Aussie investors

ALLY SELBY  |  THURSDAY, 30 JAN 2020
Aussie investors have swapped the bull for the bear, as macroeconomic and geopolitical tensions weigh heavily on high hopes for a repeated 2019. That's according to the latest research from Investment Trends, which found that investor sentiment ...

Millennials not attracted to property

ALLY SELBY  |  WEDNESDAY, 29 JAN 2020
Low return expectations may be impacting first home purchases among younger Aussies, with investors turning towards equities and bonds to reap stronger returns. That's according to the latest analysis from Fidelity, which compared real (inflation-adjusted) ...

FPA calls for axe to fall on stamping fees

HARRISON WORLEY  |  WEDNESDAY, 29 JAN 2020
The peak body for financial planners has moved to reiterate its stance against non-client directed fees in financial advice, as consultation opens into the government's review of stamping fees. The Financial Planning Association of Australia has welcomed ...

Advisers still unclear on referral rules

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JAN 2020
The Financial Adviser Standards and Ethics Authority Code of Ethics which came into effect from the start of the year has left many unclear on what kind of referrals are allowed. Amid news at the start of the year that Mark Bouris' Yellow Brick Road ...