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

Search Results

Showing 3391 - 3400 of 21764 results for "Dec"

NZ Super Fund chief executive resigns

CHLOE WALKER  |  WEDNESDAY, 3 MAY 2023
After 15 years, NZ Super Fund chief executive Matt Whineray will step down at the end of the year. In announcing his decision, Whineray said he feels privileged to have worked with "such a talented and committed team" at the Guardians of New Zealand ...

Reserve Bank raises cash rate to 3.85%

JAMIE WILLIAMSON  |  TUESDAY, 2 MAY 2023
The Reserve Bank of Australia (RBA) has opted to increase the cash rate target to 3.85%. Meeting today, the RBA board chose to go with a 25 basis point increase, and also increased the rate paid on Exchange Settlement balances by 25 basis points to ...

RBA verdict on knife edge: Economists split

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
As anticipation builds for today's Reserve Bank of Australia (RBA) meeting, economists are sharply divided on the outcome. Last month, the RBA held the cash rate steady at 3.6%. However, leading economists cautioned Australians not to discount the possibility ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
From 1 July 2026 employers will be required to pay their employees' super at the same time as their salary and wages. By transitioning to payday super, the government aims to tackle the average annual $4.7 billion of unpaid super. Unpaid super has ...

Wealth inequality divides Australia: Research

KARREN VERGARA  |  TUESDAY, 2 MAY 2023
Rich Australians who possess $1.9 million on average make up nearly two thirds of total household wealth, a new study finds. A new paper from the Actuaries Institute, Not a level playing field, examined the wealthiest and poorest 20% of the population ...

Adopt QAR recommendations now: Levy

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
Quality of Advice Review chair Michelle Levy says the government is stalling the implementation of the recommendations set out in her final report. The 267-page report, initially released to government in December, included 13 primary recommendations ...

Citi awarded custody mandate by Mason Stevens

ANDREW MCKEAN  |  MONDAY, 1 MAY 2023
Citi Securities Services has been awarded a custody and integrated execution services mandate by wealth platform Mason Stevens. As Mason Stevens looks to deliver "premium" wealth management solutions, Citi Australia and New Zealand's head of securities ...

JPMorgan among banks to bid in First Republic sale

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
JPMorgan Chase, PNC Financial Services Group, and Citizens Financial Group are said to be among those to toss their name in the ring to take over the embattled First Republic Bank. US regulators are rushing to sell First Republic and prevent yet another ...

Lazard to reduce workforce by 10%

JAMIE WILLIAMSON  |  MONDAY, 1 MAY 2023
Lazard is slashing its global workforce by 10% this year to save on costs amid a lack of deal activity. In a quarterly update, Lazard said it has already commenced the initiative, with US$21 million spent on the plan in Q1. It said it anticipates the ...

Venture capital rout rattles advice technology sector

KARREN VERGARA  |  MONDAY, 1 MAY 2023
The recent collapses of local financial advice startups Creativemass and TIQK indicate that the freewheeling days of venture capital funding is drawing to an end. Creativemass, a financial services software provider used by the likes of AMP and Bombora ...