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Showing 4711 - 4720 of 10303 results for "STI"

CBA's advice review compensates 19 clients

LAURA MILLAN  |  WEDNESDAY, 30 SEP 2015
The compensation program set up by Commonwealth Bank (CBA) to compensate victims of bad advice has reviewed over 8,800 cases and compensated only 19 clients. In total, the bank has offered $950,252 in compensation, but paid $488,815 as of 31 August ...

Retail funds recommending advice fee rates

MARK SMITH  |  WEDNESDAY, 30 SEP 2015
While retail super funds post-FOFA have unbundled their embedded advice commissions, half still recommend an average 0.55% in ongoing advice service fees, the annual super fee survey from Rainmaker reveals. As a result of the compulsory adoption of ...

Super fund boss: We're not IT companies

DARREN SNYDER  |  WEDNESDAY, 30 SEP 2015
Ongoing technology challenges for superannuation funds and the wider financial services industry present an unclear business planning path but an opportunistic path nonetheless. UniSuper chair Chris Cuffe said technology was still a "blind spot" among ...

S&P warns banks on cyber risk

ALEX BURKE  |  WEDNESDAY, 30 SEP 2015
Standard & Poor's has warned the global banking industry that it may soon factor cyber-security risk into its credit rating services. In a new report, the researcher and index provider highlighted the rising threat of cyber-attacks on banks, which it ...

ASIC's robo-advice taskforce to monitor AFSLs

STAFF WRITER  |  MONDAY, 28 SEP 2015
ASIC's brand new robo-advice taskforce will monitor businesses that intend to provide digital advice. The regulator thinks that "the majority of digital advice initiatives will be proposed by existing licensees rather than start-up businesses." Another ...

CIO says low bond market rates to continue

DARREN SNYDER  |  MONDAY, 28 SEP 2015
Western Asset Management chief investment officer Ken Leech believes the bond market will have reasonably low rates for longer than market participants thought at the beginning of 2015. Leech said the normalising of interest rates by the US Federal ...

Confused and confounded

BENJAMIN ONG  |  MONDAY, 28 SEP 2015
Here we go again, folks. It'll be another week of backwards and forwards betting on that never-ending, world-changing question of the "when" of the Fed lift-off. Earlier this year, it was so easy. Lift-off soon chatters - back then June was the month ...

FEATURE: Inflation plus investing

LAURA MILLAN  |  FRIDAY, 25 SEP 2015
In a world where beating the benchmark is not enough, investors need to target returns above inflation. Laura Millan asks industry leaders how to succeed in the current economic environment. There was a time when investing was a matter of coming up ...

Fed will lift later this year if...

BENJAMIN ONG  |  FRIDAY, 25 SEP 2015
Too bad for Wall Street, the closing bell has already rung even before US Federal Reserve Chair Janet Yellen uttered her first word on "Inflation Dynamics and Monetary Policy" at the At the Philip Gamble Memorial Lecture, University of Massachusetts ...

The case for super investing in agriculture

DARREN SNYDER  |  WEDNESDAY, 23 SEP 2015
Low interest rates and proximity to Asia's rising middle class are partly reasons for Australian superannuation funds to be investing in the country's agriculture industry. Yet recent research commissioned by BDO and conducted by The University of Queensland ...