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

Search Results

Showing 4501 - 4510 of 14213 results for "Interest"

Chief economist update: The hazard of being a safe haven

BENJAMIN ONG  |  WEDNESDAY, 21 AUG 2019
... was when the Bank of Japan (BOJ) conducted its monetary policy meeting on July 30, deciding to keep the status quo - interest rate at -0.1% and 10-year government bond yield target at around 0% - and vowed to "maintain the current extremely low levels ...

Peak bodies respond to government roadmap

KRISTI CHENG  |  TUESDAY, 20 AUG 2019
... response so far has been tepid at best." She called on the government to prioritise recommendations to stop conflicts of interest in the sector, as well as the "worst practices" among banks and other for-profit entities. This includes the recommendation ...

MLC shuts down $28m fund

KANIKA SOOD  |  TUESDAY, 20 AUG 2019
MLC has shut down an international equities fund as it faced the prospect of increasing management fees on the relatively small funds under management. The MLC Wholesale Hedged Global Share fund was terminated effective August with about $28 million ...

AMP advice lead rejects AMPFPA claims

JAMIE WILLIAMSON  |  MONDAY, 19 AUG 2019
The head of AMP's advice business has rebuffed claims the group failed to meet its legal obligations to advisers in announcing changes to its Buyer of Last Resort terms, saying the AMP Financial Planning Association was informed ahead of time and ...

Japanese insurer gets Treasury tick to up Challenger stake

KANIKA SOOD  |  MONDAY, 19 AUG 2019
... Insurance Group Holdings will be allowed to hold a 100% stake in Challenger Life Company given that its direct control interest in the company does not exceed 20% per the Financial Sectors (Shareholding) Act 1998, according to an August 14 notice signed ...

ASIC bans adviser again

HARRISON WORLEY  |  FRIDAY, 16 AUG 2019
A financial adviser previously banned by ASIC has found himself in hot water again. Tarandeep Aujla has been banned from providing financial services for three years by the corporate regulator for failing to act in the best interests of his clients. ...

Chief economist update: Will Australia avoid another global recession?

BENJAMIN ONG  |  FRIDAY, 16 AUG 2019
... gold's in, copper is out. Even central banks are busily preparing for the "R" contingency. The Fed's mulling negative interest rates; the ECB's forward-guiding, according to the 'Wall Street Journal', "a package of stimulus measures ...

Plato to raise $200 million

KRISTI CHENG  |  THURSDAY, 15 AUG 2019
... Maximiser (PL8). In response to increasing investor demand for dividend payments as a replacement for their cash and fixed interest income, Plato will undertake a capital raise targeting $200 million. The offer consists of one new share for every 1.6 ...

Association policy lead to join Treasury

ELIZABETH MCARTHUR  |  THURSDAY, 15 AUG 2019
... will be appointed this year. "His decision to re-join Federal Treasury is a logical career step considering his keen interest in all aspects of superannuation policy," the SMSFA said. The association represents the SMSF sector, which is comprised of ...

Court dismisses Westpac lending practice case

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... account for actual expenses incurred, ASIC said, and therefore breached its obligations. In assessing home loans with an interest-only period, ASIC also alleged that Westpac did not take in to account higher repayments at the end of the interest-only ...