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Showing 4321 - 4330 of 10553 results for "BEI"

Super fund awards $150 million fixed income mandate

JAMIE WILLIAMSON  |  MONDAY, 23 APR 2018
A $152 billion US-based fund manager received a $150 million mandate from a Queensland-based industry superannuation fund. Payden and Rygel will manage a customised version of its Payden Absolute Return Investment (PARI) strategy on behalf of Sunsuper. ...

Chief economist update: Malcolm puts agricuture in the middle

BENJAMIN ONG  |  MONDAY, 23 APR 2018
"You are all right when you say when you say politically it would have been better for us if we had done it years ago." These are the words from Australian Prime Minister Malcolm Turnbull doing a "mea culpa" for waiting two years before establishing ...

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Missed something? Here's a recap of the most read stories to come out of the first week of the Royal Commission's inquiry into financial advice. AMP admits to serious misconduct in RC submissions AMP acknowledged hundreds of instances of misconduct ...

One third of Aussies struggling financially

HARRISON WORLEY  |  FRIDAY, 20 APR 2018
A study into financial wellbeing of Australians has found that almost a quarter of the population is just getting by, while a further 13% struggle to meet day-to-day financial commitments. The ANZ Financial Wellbeing survey shows more than a third of ...

RC questions adviser sales tactics

KARREN VERGARA  |  FRIDAY, 20 APR 2018
The financial advice industry is grappling with a sales culture mentality and is only at the "cusp" of being a "true profession," this morning's session of the Royal Commission has revealed. On his second day in the hot-seat, BT Financial Advice general ...

Royal Commission to boost ETFs: VanEck

KANIKA SOOD  |  FRIDAY, 20 APR 2018
A $1.4 billion ETF manager believes growth in the sector will soar as the Royal Commission hears evidence on the conflicts of interest within vertically-integrated institutions. An increasing number of financial advisers have been using ETFs to diversify ...

Royal Commission must be extended: FSU

HARRISON WORLEY  |  FRIDAY, 20 APR 2018
The union representing workers in the financial services sector is calling for an extension of the financial services Royal Commission, as revelations of misconduct continue to arise from the inquiry. The Finance Sector Union said the inquiries of Commissioner ...

Chief economist update: Australian workers, don't expect a pay rise

BENJAMIN ONG  |  FRIDAY, 20 APR 2018
The latest Australian employment growth stat misses market expectations. The Australian Bureau of Statistics' (ABS) update shows that while the unemployment rate remained at 5.5% in March - in line with expectations and unchanged from the January and ...

Royal Commission case study: advice put retirement in ruins

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
A Westpac case study analysed by the Royal Commission has demonstrated the devastating impact of inappropriate financial advice. Providing testimony in the first case study of inappropriate advice to be explored by the Commission, former Westpac customer ...

Dead advice clients slugged ongoing service fees

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
The Commonwealth Bank has admitted one of its advice subsidiaries charged ongoing service fees to clients it knew had passed away. Providing testimony to the Royal Commission today, CBA executive general manager, Commonwealth Private Marianne Perkovic ...