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Season's Greetings from Financial Standard

ALICE URIBE  |  FRIDAY, 12 DEC 2014
... industry.A The release of the final report of the Financial System Inquiry (FSI) made a splash. And some of the issues that were big in 2013 continued on into 2014. The Future of Financial Advice (FoFA) regulations remain an ongoing saga and rather than ...

FEATURE: 2014 year in review

MARK SMITH, LAURA MILLAN, JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
... financial servives industry. FoFA remained on the radar and the Financial System Inquiry has the potential to change things in a big way. The Financial Standard team takes a look at the issues that made waves and will keep us talking into 2015. The FoFA ...

Australia according to Gov Glenn

BENJAMIN ONG  |  FRIDAY, 12 DEC 2014
... adjective to put in front of it. The arithmetic is such that it wouldn't matter how fast the economy was growing. If you get a big enough fall in the terms of trade over two quarters you will be able to say we've got an income recession. That's just ...

AIA and Nest launch accelerator program

HARRY PAGE  |  THURSDAY, 11 DEC 2014
... entrepreneurs try to develop solutions to problems that are most relevant to their daily lives. Since healthcare and lifestyle are a big priority in Asia, start-ups in this region are particularly well-placed.

Market wrap PM

AAP  |  THURSDAY, 11 DEC 2014
The Australian share market is lower, pulled back by the big miners and oil stocks. CMC Markets chief market strategist Michael McCarthy said energy stocks were under real pressure as crude oil prices sank to a fresh five-year low on worries about a ...

ANZ asks for US-style national adviser exam

LAURA MILLAN  |  THURSDAY, 11 DEC 2014
... fully supports the fact education standards for financial planners need to be increased." However, ANZ is the only among the big four and AMP that has not established higher education requirements for its own financial advisers. An ANZ spokesperson told ...

Oil slide, CEO pay and that "income recession"

BENJAMIN ONG  |  THURSDAY, 11 DEC 2014
Oil! Oil! Oil! It's on the slide again! Just when we thought, the price of that black gold has found its footing, fresh news of higher supply and inventories and predictions of lesser demand next year took the floor from under it. While I still maintain ...

Market wrap PM

AAP  |  WEDNESDAY, 10 DEC 2014
... broaden out its so called quantitative easing, to buy government bonds. "Hopefully, Greece can be quarantined a bit." The big four banks were a key drag on the market, and at 1200 AEDT Westpac was down 55 cents at $32.51, ANZ had dumped 44 cents to $31.44 ...

Life company profits flat

JAMES FERNYHOUGH  |  WEDNESDAY, 10 DEC 2014
Revenue and profits for the 12 months to June 2014 have remained flat for life insurance companies, according to the latest statistics released by the Australian Prudential Regulation Authority (APRA). While most of the figures released in the latest ...

Market wrap PM

AAP  |  TUESDAY, 9 DEC 2014
... or three per cent, at $29.20, Rio Tinto had dropped $1.08 to $56.05 and Fortescue had fallen 10 cents to $2.55. Among the big banks, ANZ had lost 36.5 cents to $32.03, National Australia Bank had lost 13 cents to $32.84, Westpac was down 20 cents at ...