Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 4361 - 4370 of 14213 results for "Interest"

Consumers trust super funds about as much as banks

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 OCT 2019
... Australians trust their super fund to act in their best interests. Meanwhile, 54% of people trusted banks to act in their best interest immediately following the Royal Commission. The average Australian's confidence that they will have enough money to ...

Chief economist update: Arrivederci Signor Draghi

BENJAMIN ONG  |  WEDNESDAY, 30 OCT 2019
... monetary policy stimulus measures: An economic bulletin reads: "The package consists of five elements: (i) a cut in the interest rate on the deposit facility, (ii) adjustments to the forward guidance on the key ECB interest rates, (iii) the restart of ...

IOOF to cut bonuses, pays Kelaher millions

ELIZABETH MCARTHUR  |  TUESDAY, 29 OCT 2019
... performance rights granted to Kelaher lapsed when he resigned. In terms of equity holdings, Kelaher's final director's interest notice was lodged with the ASX at the start of April with 3,566,381 shares. Mota was appointed chief executive of IOOF effective ...

ASIC wins appeal against Westpac companies

KANIKA SOOD  |  MONDAY, 28 OCT 2019
... telephone calls. The corporate regulator claimed that the two Westpac companies had breached their FoFA-stipulated best interest duty by advising rollovers to Westpac-related super funds without a proper comparison of options, as required by law. Both ...

Chief economist update: Is the A$ becoming a safe-haven currency?

BENJAMIN ONG  |  MONDAY, 28 OCT 2019
... to global growth in 2019 and 2020, respectively. I could only surmise that one reason for this is that the RBA's interest rate offensive isn't producing the same effect on the Australian dollar. More pointedly, the US Federal Reserve's rate ...

ASIC bans former Fitzpatricks employee

ELIZA BAVIN  |  MONDAY, 28 OCT 2019
A former Fitzpatricks Private Wealth employee has been permanently banned from providing financial services after stealing close to $300,000. The Australian Securities and Investments Commission said Emma Maree Radke provided administration services ...

ASIC imposes AFSL conditions on IOOF

JAMIE WILLIAMSON  |  MONDAY, 28 OCT 2019
... tailored licence conditions to address governance weaknesses, the risk of poor conduct or vulnerabilities to conflicts of interest in a licensee's business model." IOOF said it is pleased with the variation and has already commenced implementing ...

Defined benefits robbed women: Kelty

ELIZABETH MCARTHUR  |  FRIDAY, 25 OCT 2019
At the launch of the Crescent Think Tank in Sydney, former union boss Bill Kelty didn't hold back in expressing his views on the current state of the superannuation system. "My view is the most important thing to working people in Australia is stop ...

IOOF struck by outflows, former chair resigns

ELIZA BAVIN  |  FRIDAY, 25 OCT 2019
IOOF has reported $133 million in quarterly net outflows from its financial advice and investment management businesses for the 3 months to 30 September. The Financial Advice division had $33 million of net inflows compared to $119 million of net inflows ...

Growing advice group in commissions fight

ELIZABETH MCARTHUR  |  THURSDAY, 24 OCT 2019
A relatively new advice association has picked up members at a rapid pace as it takes up the fight to retain life insurance commissions. The United Financial Advisers Association (UFAA) now has over 4000 members after launching just a few months ago. ...