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

Search Results

Showing 4401 - 4410 of 21770 results for "Dec"

RBA eyes an early rate hike

ANDREW MCKEAN  |  WEDNESDAY, 20 APR 2022
Reserve Bank of Australia (RBA) minutes for April have strongly suggested that inflationary and wage growth developments have brought forward the likely timing of the first interest rate increase. Interest rates in Australia haven't been raised since ...

Australia's first-ever Bitcoin ETF to launch next week

ANDREW MCKEAN  |  WEDNESDAY, 20 APR 2022
Australia's first bitcoin exchange-traded fund (ETF) is expected to list on the Cboe Australia platform as soon as next week. The race to be the first physically backed Bitcoin ETF in Australia will be between Cosmos Asset Management and ETF Securities. ...

APRA, ASIC publish life claims and disputes data

ANDREW MCKEAN  |  WEDNESDAY, 20 APR 2022
APRA and ASIC have released the latest Life Insurance Claims and Disputes Statistics publication that presents key industry-level claims and dispute outcomes. The publication featured outcomes for 20 Australian life insurers writing direct business ...

Millennial super fund fails to GROW

JAMIE WILLIAMSON  |  TUESDAY, 19 APR 2022
Almost five years to the day that it first launched, GROW Super will close its doors. Diversa Trustees, the trustee for GROW Super, has informed members it is closing the product. Since its launch in 2017, GROW Super has been touted as a serious competitor ...

Vanguard overhauls distribution leadership

JAMIE WILLIAMSON  |  TUESDAY, 19 APR 2022
The head of distribution at Vanguard is leaving the business, while the current head of intermediary is moving to a new role and a head of financial adviser services has been appointed. Matthew Lumsden, who has been with Vanguard for the last 12 years ...

Stock picking dominant source of alpha: Research

JAMIE WILLIAMSON  |  TUESDAY, 19 APR 2022
Stock picking is the main source of alpha in about 90% of institutional portfolios, a research firm has found. Analysis of 752 equity mandates by Inalytics, including several managed on behalf of Australian institutions, found 88% of portfolios generated ...

Vale Tom McDonald

ELIZABETH MCARTHUR  |  TUESDAY, 19 APR 2022
Cbus has honoured a figure central to its creation, and the creation of superannuation in general, Tom McDonald. Cbus chair Wayne Swan said McDonald leaves a unique legacy of nation changing economic reform. "Tom's leadership was key to the creation ...

ASIC suspends Dixon Advisory AFSL

ELIZABETH MCARTHUR  |  TUESDAY, 19 APR 2022
ASIC has suspended the Australian financial services licence of embattled Dixon Advisory & Superannuation Services. The regulator's move follows the appointment of Stephen Graham Longley and Craig David Crosbie as joint administrators to Dixon Advisory ...

AustralianSuper drops premiums

JAMIE WILLIAMSON  |  THURSDAY, 14 APR 2022
AustralianSuper is decreasing some of its insurance premiums from May end, with members to see an average drop of 11%. From May 28, the cost of death, TPD and income protection will change depending on their cover type and work rating, the fund said. ...

J.P. Morgan's net income falls 42%

ANDREW MCKEAN  |  THURSDAY, 14 APR 2022
J.P. Morgan posted a US$8.3 billion net income, a 42% year-on-year drop which missed analyst expectations. The poor result was attributed to a net credit reserve build of $US902 million compared to a net credit reserve release of US$5.2 billion in the ...