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

Search Results

Showing 4611 - 4620 of 10705 results for "May 2012"

ASIC and CBA discussing potential advice problem

EMMA RAPAPORT  |  TUESDAY, 15 AUG 2017
The hits keep coming for Commonwealth Bank with new details of problems within the bank that have cost customers and employees millions of dollars. Hours after the bank was forced to refund more than $10 million for mis-sold consumer credit insurance ...

New Zealand super goes green

EMMA RAPAPORT  |  TUESDAY, 15 AUG 2017
New Zealand's $35 billion sovereign wealth fund is hanging its future on a low-carbon strategy, shifting 40% of its funds away from companies with high exposure to carbon emissions and reserves. As part of the major deviation, Guardians of the New Zealand ...

CBA chief executive will stand down

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
Embattled Commonwealth Bank chief executive Ian Narev will retire from the bank by the end of the 2018 financial year, board chair Catherine Livingstone has announced. The decision, said to have been made by the board in conjunction with Narev, will ...

Japanese broker targets Aussie SMSFs

DARREN SNYDER  |  MONDAY, 14 AUG 2017
One of Japan's largest online broking platforms is soon to launch in Australia with a focus on self-managed superannuation funds and financial advisers. Within two months the Monex Group expects to be operating in Australia, providing clients with trading ...

APRA puts super funds on notice

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
The Australian Prudential Regulation Authority will consult on a raft of proposed changes to the superannuation prudential framework, in an effort to lift operation governance practices of regulated superannuation trustees. The proposals were outlined ...

Macquarie and Canadian pension fund buy SA government asset

EMMA RAPAPORT  |  FRIDAY, 11 AUG 2017
The Land Services SA consortium, made up of Macquarie Infrastructure and Real Assets and one of Canada's largest pension investment managers, has secured South Australia's land services and lands titles office for $1.6 billion. Macquarie, in conjunction ...

Fatigue and profit-based incentives driving risk culture

JAMIE WILLIAMSON  |  THURSDAY, 10 AUG 2017
Unreasonable levels of work and a need for greater automation of processes could be to blame for heightened risk culture in the financial services sector, according to FINSIA. The industry body's analyses of a study conducted by Macquarie University ...

Aura appoints new head of distribution

ALEX BURKE  |  THURSDAY, 10 AUG 2017
Having recently boosted its financial planning network through an acquisition, Aura Group is also welcoming a new head of distribution. Chris Faddy joined Aura in May from Vantage Point Asset Management, where he was head of distribution and client ...

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
Commonwealth Bank confirmed in its annual results presentation that third parties are discussing an acquisition of the bank's life insurance business. Describing CommInsure as a "strong business with scale, expertise, competitive products and access ...

New Zealand advice industry to be overhauled

JAMIE WILLIAMSON  |  WEDNESDAY, 9 AUG 2017
The New Zealand government is looking to remove the distinction between class and personal advice, as well as allow the provision of digital advice as it seeks to overhaul the country's regulatory regime for financial advisers. The Financial Services ...