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Showing 21 - 30 of 171 results for "Four Major"

More scrutiny for super fund, insurance firm chiefs

KARREN VERGARA  |  MONDAY, 5 AUG 2019
... life insurance companies could soon face another inquiry that has traditionally put the blowtorch on the chiefs of the four major banks. The Coalition has asked that the House of Representatives Standing Committee on Economics to expand its remit to ...

MP slams prolonged grandfathered commissions carve out

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... sympathy from the Government. Deputy chair of the House of Representatives Standing Committee on Economics Review of the Four Major Banks, Matt Thistlethwaite, said last week that he doesn't feel sorry for financial advisers who complain about the banning ...

Special Report: Hitting new ETF goals

KARREN VERGARA  |  FRIDAY, 16 NOV 2018
... of FY18, its FUM grew by 8% year-on-year to hit $3.1 billion. Investors are increasingly adopting bond ETFs to gain four major benefits: liquidity, transparency, low fees and diversification. This is according to S&P Dow Jones Indices director of fixed ...

Merger to create $885m LIC

KARREN VERGARA  |  WEDNESDAY, 14 NOV 2018
... million is assets. CYA aims to deliver a regular income stream of fully franked dividends. Its top holdings include the four major banks, Macquarie, AMP, Amcor, QBE, BHP and Woolworths. Since its 2004 inception, it returned 11.3%, beating its benchmark ...

Macquarie boss joins climate change commission

KANIKA SOOD  |  WEDNESDAY, 17 OCT 2018
... working today to make the world a safer, better place," a statement from the GCA said. The commission aims to address four major roadblocks that are slowing adaption: lack of awareness among decision makers and the wider public about the gains they can ...

ANZ chief says remediation is "distracting"

KARREN VERGARA  |  FRIDAY, 12 OCT 2018
... admitted to ASIC it viewed remediating customers as "distracting." The inquiry is currently scrutinising the chiefs of the four major banks on the back of revelations from the Royal Commission. The Standing Committee on Economics panel put it down to ...

Make sure you have cash: Geoff Wilson

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
... though regulatory costs are going up, a WAM portfolio manager said. The manager said from speaking to all CFOs at the four major banks, they don't see any major threats. This is partly because banks are "pre-empting the changes" that may come out ...

HUB24 lifts targets

KANIKA SOOD  |  MONDAY, 20 AUG 2018
... represent an acceleration of existing forces at play on the post FOFA environment," it said. "These include three out of four major banks exiting wealth, pressure being applied to grandfathered commission structures and traditional vertical integration ...

HUB24 introduces low-cost product

KARREN VERGARA  |  THURSDAY, 19 JUL 2018
... advisers to meet the best interests of their clients by providing alternative platform solutions. With three of the four major banks in Australia exiting wealth management in various forms, and BT and Macquarie Bank ceasing grandfathered commissions ...

Happier New Year

BENJAMIN ONG  |  MONDAY, 8 JAN 2018
... is any indication, 2018 will not be just a happy New Year but a happier one. The first week of 2018 tally shows all four major Wall Street equity indices - S&P 500 (+2.6%), Dow Jones Industrials (+2.3%), Nasdaq Composite (+3.4%), Russell 2000 (+1.6%) ...