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Showing 4521 - 4530 of 17956 results for "Bank"

NAB agrees to RC wealth recommendations

HARRISON WORLEY  |  FRIDAY, 15 MAR 2019
National Australia Bank agreed to all of the Royal Commission's recommendations directly relating to the wealth management industry. Releasing its full response to Commissioner Hayne's 76 suggested changes to Australia's financial services industry ...

Super funds eye intra-fund advice shake-up

KARREN VERGARA  |  FRIDAY, 15 MAR 2019
The superannuation industry has its sights on lifting restrictions around intra-fund advice, the Conference of Major Super Funds has heard. Speaking on a panel discussing the future of advice in superannuation, Industry Funds Services (IFS) chief executive ...

Swiss group acquires stake in local wealth firm

KANIKA SOOD  |  THURSDAY, 14 MAR 2019
... market," Shaw and Partners said. Additionally, the Aussie firm will work towards a longer-term project of rolling out a private bank offering within Australia, it said. Evans said: "For more than 30 years, Shaw and Partners has sought to provide clients ...

Channel Capital head of retail departs

KANIKA SOOD  |  THURSDAY, 14 MAR 2019
The head of retail distribution at the $12 billion multi-boutique has jumped ship to another fund manager and the role has been dissolved. Leeshen Chanique worked at Channel Capital for four years, most recently leading the retail/wholesale distribution ...

New directors join Frontier Advisors

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAR 2019
... board. Edwards has had a long career in public policy and recently completed a term as a member of the board of the Reserve Bank of Australia. From 1991 to 1994 he was principal economic adviser to Prime Minister Paul Keating. He is also a former head ...

Chief economist update: Breaking up is hard to do

BENJAMIN ONG  |  THURSDAY, 14 MAR 2019
... growth. So much so, it allowed the BOE to raise interest rates twice since the Brexit referendum - a 25 bps increase in the Bank Rate from 0.25% to 0.5% in February 2017 and then another hike to 0.75% in August 2018. On the flipside, "Remainers" can ...

Rejuvenated APRA asserts authority

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
APRA issued a stern warning to super funds to expect a more assertive and demanding prudential regulator that will crack down on underperformance and poor cooperation. But it is being held back by the long-awaited passage of a Bill. Deputy chair Helen ...

Commonwealth Bank delays wealth demerger

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2019
Commonwealth Bank is delaying its demerger plans for its wealth management and mortgage broking businesses. Announced today, the group said it is prioritising the implementation of the Royal Commission's recommendations, refunding customers and ...

UK pension funds to be hit hard over negligence

HARRISON WORLEY  |  WEDNESDAY, 13 MAR 2019
... futures have got away scot-free. Acts of astonishing arrogance and abandon punished only with fines, barely denting bosses' bank balances," Rudd said. "Meanwhile, workers who have done the right thing and saved for retirement, confident their investments ...

Blue Sky appoints new chief executive

HARRISON WORLEY  |  WEDNESDAY, 13 MAR 2019
Blue Sky Alternative Investments has tapped the leader of a property investment manager for its next chief executive. Former Aspen Group boss Joel Cann has been appointed chief executive at Blue Sky, as the investment manager looks to rebuild following ...