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Showing 3331 - 3340 of 8611 results for "DIF"

ASIC strips Melbourne firm of AFSL

KANIKA SOOD  |  MONDAY, 3 DEC 2018
The corporate regulator has cancelled the AFSL of a Melbourne-based firm that previously copped a $9 million fine for offering personal loans with the proviso customers implement financial advice from the firm. Financial Circle's Australian financial ...

For-profit lobbying leads to $53bn problem: AIST

HARRISON WORLEY  |  MONDAY, 3 DEC 2018
The Australian Institute of Superannuation Trustees believes carve-outs in superannuation reform designed to benefit the for-profit super sector are posing big problems for Australia's retirement system. Latest research from the AIST and UTS corporate ...

Chief economist update: Powell Power

BENJAMIN ONG  |  THURSDAY, 29 NOV 2018
We may have a Santa Claus rally this year after all! US Federal Reserve chairman Jerome Powell spooked us all - in the Halloween month of October - when, in an interview with PBS, he declared that: "The really extremely accommodative low interest rates ...

SMSF investment platform begins, announces senior hire

DARREN SNYDER  |  WEDNESDAY, 28 NOV 2018
The outgoing chief executive at the Australian arm of an $800 billion global asset manager is joining the board of a newly-launched SMSF investment platform in 2019. Joining OpenInvest as a non-executive director in the New Year is current Schroders ...

ANZ lambasted for breach reporting delays

KARREN VERGARA  |  WEDNESDAY, 28 NOV 2018
ANZ is the slowest and an "outlier" among the major banks to report significant breaches, the Royal Commission heard this morning. ANZ chief executive Shayne Elliott couldn't justify why the bank took 213 days to report significant breaches (despite ...

FS Power50 names most influential advisers in 2018

STAFF WRITER  |  WEDNESDAY, 28 NOV 2018
Financial Standard launches its FS Power50 guide today, recognising the 50 most influential financial advisers in Australia as voted by the industry. In compiling the list, Financial Standard defined "influential" as individuals who have been or continue ...

Should banks fund customer litigation?

HARRISON WORLEY  |  TUESDAY, 27 NOV 2018
NAB chair Ken Henry openly asked the Royal Commission whether the bank should fund customer litigation against itself. Remerging at the Royal Commission, NAB's plan service fee issue became a focal point of discussion between the bank's chair and counsel ...

Chief economist update: Is TLTRO III coming?

BENJAMIN ONG  |  TUESDAY, 27 NOV 2018
Minutes of the European Central Bank's (ECB) 24-25 October Governing Council meeting confirmed that it remains on track to end its net asset purchases - currently at a monthly pace of €15 billion - by the end of December 2018. No probs here. We've ...

Wealth an unnecessary failure: Thorburn

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
NAB chief executive Andrew Thorburn said the venture into wealth management by Australia's big banks was most likely a failure. Opening the final week of hearings into misconduct in financial services today in Melbourne, counsel assisting Michael Hodge ...

Rice Warner warns against culling value-based advice fees

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
Rice Warner is warning against a departure from value or volume-based advice fees. The researcher is concerned a potential move to fee for service - where fees are expressed entirely in dollars and not as a percentage of assets - will lead to reduced ...