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

Search Results

Showing 3411 - 3420 of 9316 results for "Red"

Former BTFG executive takes on new role

ELIZABETH MCARTHUR  |  TUESDAY, 8 OCT 2019
BT Financial Group's former general manager of platforms and investments has stepped into a new role with an emerging platform provider. John Shuttleworth has been appointed chief executive of Spitfire. Spitfire's current chief executive Matthew Johnson ...

Chief economist update: Zero here we go

BENJAMIN ONG  |  WEDNESDAY, 2 OCT 2019
A stitch in time saves nine. If only the Reserve Bank of Australia (RBA) adhered to this age-old proverb. But alas, by insisting on keeping the official cash rate at 1.5% for longer (from August 2016 to May 2019) than the dictates of global and domestic ...

MLC funds tone down return expectations

KANIKA SOOD  |  WEDNESDAY, 2 OCT 2019
MLC has informed investors that it expects lower returns for some of its funds, in light of "unusually low cash rates" and is cutting fees. MLC wholesale inflation plus portfolios are offered in three profiles: assertive, moderate and conservative. ...

NAB hit with extra billion in remediation

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 OCT 2019
National Australia Bank announced an additional $1.18 billion in remediation expenses, mostly relating to financial advice. Combined with previously announced remediation costs, NAB is now facing a total remediation bill of $2.09 billion. The unforeseen ...

Industry embraces Mental Health Month

ELIZABETH MCARTHUR  |  TUESDAY, 1 OCT 2019
October is mental health month and the financial services industry is embracing it as a chance to boost the mental wellness of employees through a number of initiatives. SuperFriend has several initiatives planned for the month, including releasing ...

Super fund cuts fees

HARRISON WORLEY  |  TUESDAY, 1 OCT 2019
An $8 billion industry superannuation fund has cut fees for accumulation members. From today, Energy Super has decreased the asset-based administration fee charged to accumulation members by four basis points - from 0.22% to 0.18%. The move will see ...

NAB builds banking team, cuts fees

ELIZA BAVIN  |  TUESDAY, 1 OCT 2019
NAB is continuing its expansion, introducing 163 new roles in its business and private bank while also removing over 100 fees for customers. The majority of the new roles are based in Victoria and New South Wales, with over 130 of the 163 being across ...

UK insurer fined for annuity sales failings

ELIZA BAVIN  |  TUESDAY, 1 OCT 2019
UK-based insurer Prudential has been hit with a £24 million (AU$43.6 million) fine after failing to advise customers they may receive a better deal on annuities if they shopped around. The Financial Conduct Authority said Prudential failed to ensure ...

Macquarie unveils green ambitions in New York

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
Macquarie Group is planning to develop a 20 gigawatt (GW) suite of renewable energy products through its Green Investment Group over the next five years. Revealed by chief executive Shemara Wikramanayake before fellow global business leaders at the ...

Chief economist update: China's great leap forward 70 years in the making

BENJAMIN ONG  |  FRIDAY, 27 SEP 2019
China's come a long way, baby! 1 October 2019 marks the 70th anniversary of the founding of the People's Republic of China. The Politburo has much to celebrate and boast about. It didn't happen overnight, but it did happen. Chairman Mao ...