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Showing 3941 - 3950 of 10705 results for "May 2012"

New Zealand reviews life insurance commissions

JAMIE WILLIAMSON  |  TUESDAY, 4 DEC 2018
New Zealand life insurers are paying the highest commissions to financial advisers in the world and the nation's Reserve Bank is concerned about the conduct risk it is creating. According to the Reserve Bank of New Zealand's latest Financial Stability ...

Blockchain comes to managed funds

KANIKA SOOD  |  TUESDAY, 4 DEC 2018
A global funds network used by 95% of Australian platforms will migrate its entire network to blockchain in May 2019. Calastone expects its new distributed market infrastructure (DMI) to dramatically improve the infrastructure for trading and reporting ...

Celebrities cop $1m crypto fine

JAMIE WILLIAMSON  |  MONDAY, 3 DEC 2018
Boxing giant Floyd Mayweather and music producer DJ Khaled have become the first people to be charged by the US Securities and Exchange Commission for the unlawful promotion of initial coin offerings. Floyd Mayweather and DJ Khaled - real name Khaled ...

New MD for AMP Capital NZ

KARREN VERGARA  |  MONDAY, 3 DEC 2018
AMP Capital announced a new managing director will lead its New Zealand subsidiary in the New Year. A new global head of fixed income has also been appointed. Bevan Graham will be the New Zealand managing director and chief economist from 1 January ...

CBA investigates possible privacy breach

JAMIE WILLIAMSON  |  MONDAY, 3 DEC 2018
Commonwealth Bank confirmed it is undertaking an investigation into a potential privacy breach that may have seen sensitive medical information of CommInsure claimants accessed by employees in other departments of the bank. As reported by the ABC earlier ...

Chief economist update: RBA more likely to cut

BENJAMIN ONG  |  MONDAY, 3 DEC 2018
The Reserve Bank of Australia (RBA) painted an optimistic picture of the global and domestic economies when it held its policy meeting last month (6 November) before concluding that "...the stance of monetary policy unchanged at this meeting would be ...

Royal Commission: And that is a wrap

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
The public were provided a glimpse into the tireless work of the financial services Royal Commission as Commissioner Kenneth Hayne and counsel assisting Rowena Orr made closing remarks this afternoon. The final day's hearings adjourned at 1.15pm and ...

SuperConcepts chief resigns

KARREN VERGARA  |  FRIDAY, 30 NOV 2018
SuperConcepts chief executive Natasha Fenech announced she will step down in May 2019 after five years in the role. Fenech said she will take on another opportunity at a financial services firm as chief executive outside of the SMSF sector, but didn't ...

Tax treatment of granny flats under review

JAMIE WILLIAMSON  |  FRIDAY, 30 NOV 2018
The Federal Government has requested the Board of Taxation conduct a review of the tax treatment of granny flat arrangements and outline potential reforms to assist the prevention of elder abuse. Under existing tax laws, a homeowner may have to pay ...

ANZ hid reasons for executive pay cuts

KANIKA SOOD  |  THURSDAY, 29 NOV 2018
ANZ chief executive Shayne Elliott admitted the bank did not disclose to its shareholders or staff that three of its senior executives had their variable pay held back in FY18 on account of compliance issues. Elliot's own variable remuneration was ...