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Showing 3871 - 3880 of 10303 results for "STI"

Westpac sells $12bn asset manager

ALEX BURKE, DARREN SNYDER  |  MONDAY, 6 NOV 2017
Westpac has entered into an agreement with a UK firm to sell its infrastructure manager subsidiary. Subject to due diligence and regulatory approvals, Northill will acquire Hastings Funds Management. The terms of the agreement are currently confidential. ...

Changed RBA rate expectations?

BENJAMIN ONG  |  MONDAY, 6 NOV 2017
Financial markets got what they wished for from the world's three biggest central banks that met last week. The Bank of Japan (BOJ), the Fed and the Bank of England (BOE) all delivered as expected but not without help from the repeated and reiterated ...

ANZ launches LIF resource

KARREN VERGARA  |  FRIDAY, 3 NOV 2017
ANZ Wealth has launched an online resource to help prepare financial advisers for the looming Life Insurance Framework (LIF) reforms. The online hub provides guidance on how OneCare commissions will be paid, detail key deadlines and how the transition ...

BOE does what it said it would do

BENJAMIN ONG  |  FRIDAY, 3 NOV 2017
The Bank of England (BOE) did what it said it would do -- it lifted the Bank Rate by 25 basis points to 0.5% following its 2 November monetary policy council meeting (MPC). The announcement marks the first time in more than a decade that the BOE raised ...

Melbourne boutique shutters under passive pressure

JAMIE WILLIAMSON  |  THURSDAY, 2 NOV 2017
The rise of passive investment and superannuation fund internalisation has led to a Melbourne-based Australian equities boutique terminating its only fund. In a letter to unitholders, Concise Asset Management said it has reluctantly decided to wind ...

Financial services firms eye machine learning

KARREN VERGARA  |  THURSDAY, 2 NOV 2017
Machine learning is transforming the way financial services operates, as a growing number of Australian firms are adopting it to make sense of big data and to improve productivity. According to Bloomberg, more than half (55%) of Australian financial ...

BTFG widens life insurance APL

ALEX BURKE  |  WEDNESDAY, 1 NOV 2017
BT Financial Group advisers will see their life insurance approved product list expand to a minimum of three, up from one currently. At the moment, Westpac Life is the only insurer on the BT Financial Advisers APL, although BTFG noted that over the ...

The BOJ's boring Halloween

BENJAMIN ONG  |  WEDNESDAY, 1 NOV 2017
Halloween 2017 may have produced some palpitations as kids (and the kids at heart) went trick or treating, but for the Bank of Japan (BOJ) 'twas a fairly ho-hum event. At the conclusion of its 30-31 October policy meeting, the Japanese central served ...

Banks will step out of wealth: Medcraft

DARREN SNYDER  |  TUESDAY, 31 OCT 2017
Outgoing ASIC chair Greg Medcraft believes the big four banks will continue to sell wealth management arms because it's tough to restore the consumer trust repeatedly tarnished by these businesses. Speaking at a Sydney Financial Forum event yesterday ...

Macquarie tops Australian asset manager list

ALEX BURKE  |  TUESDAY, 31 OCT 2017
Macquarie Group remains the largest Australian-based asset manager in the world - and the only one in the top 100 globally, according to Willis Towers Watson research. WTW's annual Global 500 research positions Macquarie, with US$362 billion in assets ...