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Showing 3101 - 3110 of 6264 results for "DET"

APRA puts super funds on notice

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
The Australian Prudential Regulation Authority will consult on a raft of proposed changes to the superannuation prudential framework, in an effort to lift operation governance practices of regulated superannuation trustees. The proposals were outlined ...

Fatigue and profit-based incentives driving risk culture

JAMIE WILLIAMSON  |  THURSDAY, 10 AUG 2017
Unreasonable levels of work and a need for greater automation of processes could be to blame for heightened risk culture in the financial services sector, according to FINSIA. The industry body's analyses of a study conducted by Macquarie University ...

Former investment bankers behind new platform

JAMIE WILLIAMSON  |  THURSDAY, 10 AUG 2017
Two former senior JPMorgan and UBS investment bankers have joined forces to launch an online investment platform. Targeting investors seeking exposure to a wide range of asset classes in Australia, Rob Nankivell and Travis Miller said iPartners aims ...

Wages separate businesses from consumers

BENJAMIN ONG  |  THURSDAY, 10 AUG 2017
Not happy Jan! This is the collective cry of Australian consumers according to the latest Westpac-Melbourne Institute consumer sentiment survey. Yet only a day before, the NAB business survey showed that business conditions in July were at their best ...

CBA senior executives forego bonuses

EMMA RAPAPORT  |  TUESDAY, 8 AUG 2017
Commonwealth Bank chief executive officer Ian Narev and fellow group executives have been stripped of short-term bonuses ahead of tomorrow's financial results. The decision, made by the CBA board in a meeting yesterday, was reached following consideration ...

Boutique appoints Equity Trustees as RE

KARREN VERGARA  |  TUESDAY, 8 AUG 2017
A boutique fund manager has appointed Equity Trustees as responsible entity for two of its funds. Equity Trustees will oversee two of Melbourne-based Australian equities fund manager JCP Investment Partners' retail funds: the small companies long-short ...

CBA faces anti-money laundering allegations

EMMA RAPAPORT  |  FRIDAY, 4 AUG 2017
The Commonwealth Bank is potentially facing millions of dollars in civil penalties following allegations it did not comply with anti-money laundering and counter-terrorism law. Financial intelligence and regulatory agency AUSTRAC has initiated Federal ...

RBI succumbs to low-flation

BENJAMIN ONG  |  FRIDAY, 4 AUG 2017
The Reserve Bank of India (RBI) cut interest rates by 25 basis points - repo rate to 6% (the first reduction in 10 months and the lowest rate since October 2010) and the reverse repo rate to 5.75% (reversing the 25 bps hike announced only four months ...

Advice business offers enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
Financial Index Australia entered into an enforceable undertaking with ASIC after an investigation found advisers had moved clients into more expensive, FIA-branded products without reason. ASIC identified a number of issues within FIA's financial advice ...

SQM rolls out low-cost adviser platform

ALEX BURKE  |  MONDAY, 31 JUL 2017
SQM Research is launching a comprehensive investment information platform for financial advisers, the first of its kind in Australia to include residential real estate risk profiling. Available to advisers for subscriptions starting at $3000, the platform ...