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Showing 3961 - 3970 of 10719 results for "May 19"

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 ...

Rest restructures senior management

KARREN VERGARA | THURSDAY, 29 NOV 2018

Rest announced several changes to its senior leadership team including five positions being made redundant and the creation of two new executive roles. A spokesperson confirmed the following positions have been made redundant: general manager of customer ...

Chief economist update: Powell Power

BENJAMIN ONG | THURSDAY, 29 NOV 2018

We may have a Santa Claus rally this year after all! US Federal Reserve chairman Jerome Powell spooked us all - in the Halloween month of October - when, in an interview with PBS, he declared that: "The really extremely accommodative low interest rates ...

Asset manager consolidation top of mind for HNWIs

DARREN SNYDER | WEDNESDAY, 28 NOV 2018

More than 95% of high net worth individuals in Asia Pacific (excluding Japan) are prepared to consolidate assets with their primary wealth manager, provided there's a strong connection. But it's less likely in Australia. The number dips to 73% ...

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON | WEDNESDAY, 28 NOV 2018

AMP has issued a clarifying statement following interim chief executive Mike Wilkins' testimony to the Royal Commission that the fees-for-no-service issue was initially expected to cost $1.2 billion and take nine years to remedy. He also flagged ...

Labor franking credit changes fair but not the best: Grattan

KANIKA SOOD | MONDAY, 26 NOV 2018

Grattan Institute has called Labor's plan to end refunds of excess franking credits a "fair way" to improve the Federal Budget but it is still "second-best" as there are better solutions. Grattan's budget policy director Danielle Wood and fellow ...

Dexus partners with sovereign wealth fund

KANIKA SOOD | MONDAY, 26 NOV 2018

Dexus has set up a $2 billion wholesale fund that will invest in Australian logistics properties as a joint venture with an Asian sovereign wealth fund. Singapore's GIC is initially taking a stake of about $417 million in the Dexus Australian Logistics ...

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Mercer Super chief executive steps down

RIDDHIMA TALWANI

Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.

AusFood Super looks to revitalise member engagement

MATTHEW WAI

The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.

L1 Group posts 'marked recovery' in June quarter

RIDDHIMA TALWANI

L1 Group has reported a marked recovery in investment performance in the June quarter.

European PE firm mandates Apostle with Australian distribution

RIDDHIMA TALWANI

Apostle Fund Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.

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Blake Briggs

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Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.

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