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We have made mistakes: CBA

KARREN VERGARA  |  TUESDAY, 7 MAR 2017
... least 30 days' notice of changes to their contract and 90 days' notice of a decision on roll-over; and allow customers to close credit cards digitally. ANZ chief executive Shayne Elliott will also appear before the committee today. Among submissions ...

QIC answers global infrastructure demand

JAMIE WILLIAMSON  |  TUESDAY, 7 MAR 2017
... 18-month fund raise, the fund achieved capital commitments totaling $2.35 billion, resulting in QIC announcing its final close. The QGIF is a pooled, unlisted investment vehicle with the objective of providing institutional investors with attractive ...

First of three (or more) coming next week

BENJAMIN ONG  |  TUESDAY, 7 MAR 2017
Sure there were a few down days but overall, the US equity market - like the energizer bunny - keeps on going and going... up. Wall Street's major equity market indices closed at record highs - the Dow at 21,115.55 points; the S&P 500 at 2395.96 points ...

Life insurance industry rebuts need for greater reform

JAMIE WILLIAMSON  |  MONDAY, 6 MAR 2017
... against further regulation of the industry, saying that it is already experiencing significant reform indirectly via its close connection to the superannuation industry. "Given this substantial and active reform agenda, we suggest that it would be in ...

Forward thinking must underpin advice: Vanguard

EMMA RAPAPORT  |  FRIDAY, 3 MAR 2017
Financial advisers should look beyond short term economic and geopolitical events to long term global trends, Vanguard global chief economist and investment strategy group head Joseph Davis says. Speaking at the fund manager's adviser roadshow in Sydney ...

Private equity sector resilient

KARREN VERGARA  |  FRIDAY, 3 MAR 2017
... possibility. Leading firms then expand their network of the right people in the right places to help them find diligence and close good deals," he said.

Value investors facing short-term headwinds

KARREN VERGARA  |  THURSDAY, 2 MAR 2017
Value investors are facing a number of challenges in the short-term, particularly during reporting season where they have to be more discerning about the quality of earnings reported. Perennial Value Management managing director John Murray said stocks ...

AIST names interim chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 1 MAR 2017
The Australian Institute of Superannuation Trustees named its interim successor to Tom Garcia. AIST executive manager, governance and stewardship Eva Scheerlinck will commence in the role when current chief executive Garcia departs on 10 March. In a ...

Wednesday delivery

BENJAMIN ONG  |  MONDAY, 27 FEB 2017
... inflows into government/Treasury funds) and is consistent with the fall in the yield on 10-year US Treasuries to 2.31% at the close of last week's trade from a high of 2.51% four weeks ago. This is not surprising for apart from the gradually rising doubts ...

Aussie fintech maintains strength

EMMA RAPAPORT  |  FRIDAY, 24 FEB 2017
Australian fintech investment in 2016 remained strong despite a 47.2% global slide in fintech investment, according to KPMG International's The Pulse of Fintech report. Total fintech investment in Australia reached $626 million across 25 deals in 2016 ...