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Showing 4251 - 4260 of 14213 results for "Interest"

Government fund appoints new chair

KANIKA SOOD  |  MONDAY, 16 DEC 2019
A $110 billion superannuation fund has appointed a new chair as it continues to sound out another fund for a potential merger. Don Luke is taking over as the chair of QSuper as incumbent chair Karl Morris steps down after two terms. Luke was most recently ...

NULIS satisfies ASIC requirements

HARRISON WORLEY  |  MONDAY, 16 DEC 2019
... to NULIS's governance and reporting lines, product redesign, training, risk management and management of conflicts of interest. The conditions were originally applied on NULIS after ASIC enquiries into breach reports lodged by NAB's wealth entities ...

CBA underpayments reach $53 million

ELIZA BAVIN  |  MONDAY, 16 DEC 2019
... finalised this financial year, with CBA adding it expects the remaining payments to be approximately $25 million plus interest. CBA chief executive Matt Comyn said it was unacceptable that employees were not paid their correct entitlements. "This should ...

Chief economist update: Three cheers for Christmas

BENJAMIN ONG  |  MONDAY, 16 DEC 2019
... First stop, at the conclusion of its December 10-11 FOMC meeting, the US Federal Reserve indicated that it would not cut interest rates further - currently at 1.5%-1.75% -- because, according to chair Powell: "Our economic outlook remains a favourable ...

Sam Henderson attempts to set record straight

ELIZABETH MCARTHUR  |  FRIDAY, 13 DEC 2019
... attention. However, he was not banned for that." "He was banned as the advice document was not in his client's best interest. ASIC disagreed it was a draft, and saw it as an official advice document; therefore he needed to be punished accordingly. ...

Chief economist update: Changing to Lagarde

BENJAMIN ONG  |  FRIDAY, 13 DEC 2019
... European Central Bank (ECB) kept monetary policy settings unchanged at its 12 December Governing Council meeting. "...the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility ...

Pinnacle buys stake in Coolabah

KANIKA SOOD  |  THURSDAY, 12 DEC 2019
... Joye's credit boutique in a transaction that values it north of $116 million. Pinnacle is paying $29.1 million for the interest. An extra $5 million is subject to the Coolabah hitting certain milestones over the next 18 months to four and a half ...

Chief economist update: Has the Fed conquered the yield curve?

BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
... growth, a strong labor market, and inflation near our symmetric 2% objective." In other words... the Fed is done cutting interest rates. This optimism is consistent with the latest dot plot of FOMC participants' assessment of appropriate monetary ...

APRA slaps extra conditions on Avanteos

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
... the prudential regulator, the total financial impact of Avanteos' charges amount to more than $6 million, including interest. The firm has since remediated all affected accounts however, following an APRA investigation, the prudential regulator has ...

ASIC launches action against AFSL, director

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
... also alleges Theta failed to identify, document, asses, evaluate and effectively manage and control all conflicts of interest and failed to ensure all financial statements of Sterling Income Trust were completed and available for audit within two months ...