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

Search Results

Showing 3051 - 3060 of 28255 results for "NOT"

ME Bank fined $820k for misleading borrowers

CHLOE WALKER  |  MONDAY, 22 JAN 2024
ME Bank has been fined by the Federal Court after it was found to have provided inaccurate information about its home loans to customers. The matter, prosecuted by the Commonwealth Director of Public Prosecutions, followed an investigation and referral ...

Penta Capital fined for fabricated FUM

KARREN VERGARA  |  MONDAY, 22 JAN 2024
... fined a firm for making several false statements that included claims it managed nearly $7 billion in assets when it does not. Queensland-based Penta Capital boasted on its website between May 2022 and February 2023 that it managed $6.9 billion on behalf ...

Standalone laws key to solving legislative 'porridge': ALRC

JAMIE WILLIAMSON  |  FRIDAY, 19 JAN 2024
In its final report on the 'confusing maze' of financial services laws, the Australian Law Reform Commission (ALRC) has recommended overhauling the Corporations Act and creating dedicated financial services legislation. The ALRC has been reviewing existing ...

Market performance fails to sway retirement confidence: State Street

ANDREW MCKEAN  |  FRIDAY, 19 JAN 2024
Despite positive investment market performance, Australians' retirement confidence is weakening, according to a State Street Global Advisors survey. Contrary to expectations, State Street's Global Retirement Reality report found that factors like inflation ...

MSC Trustees acquires Certane Corporate Trust

KARREN VERGARA  |  FRIDAY, 19 JAN 2024
... provides retail custody, and trustee and agency services to asset managers and financial product issuers. The purchase price was not disclosed. Certane had a previous life as Sargon Capital, led by chief executive Phillip Kingston. In 2018, Sargon ramped ...

Adviser registration deadline moves to February 16

KARREN VERGARA  |  FRIDAY, 19 JAN 2024
ASIC has again pushed back the financial adviser registration deadline in fear that many relevant providers will not make the February 1 cut off. The 4036 advisers who as of January 18 have outstanding registrations, according to ASIC, now have until ...

Emerging markets well placed for 2024

CHLOE WALKER  |  FRIDAY, 19 JAN 2024
... Elsewhere, Principal Asset Management chief executive Damien Buchet said the emerging market fundamental situation, while not overly exciting, has remained satisfactory for emerging market debt investors. "In sharp contrast to many global fixed income ...

Distribution salaries tipped to rise: Insights

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2024
... could take home as much as $250,000, up about $50,000 on 2023. Meantime, the salaries for business development associates are not expected to change, with the salary range stagnant at $90,000 - $120,000, and neither are those of key account managers ...

Bond ETFs poised for growth in 2024: Vanguard

ANDREW MCKEAN  |  THURSDAY, 18 JAN 2024
Bond ETFs attracted a surge of interest from Australian investors in 2023, as rising interest rates made fixed income allocations more appealing, according to data released by the ASX and Vanguard. Australian bond ETFs received $3.81 billion in cash ...

APAC investors embrace value-added strategies: Research

CHLOE WALKER  |  THURSDAY, 18 JAN 2024
... a higher risk appetite. Only 22% of APAC investors said that they prefer opportunistic strategies, as core strategies are not seen as offering the best risk-adjusted performance prospect. Moving into 2024, diversification in the overall portfolio was ...