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Showing 4721 - 4730 of 10731 results for "May 19"

Millennials choosing stock market over housing market

JAMIE WILLIAMSON  |  MONDAY, 19 JUN 2017
As the prospect of owning their own home becomes less of a reality, millennials are turning to the stock market to invest and build their wealth. New insights from CommSec reveal more than half of all new customers are under the age of 35, with the ...

Permanent ban for ex-OnePath adviser

KARREN VERGARA  |  MONDAY, 19 JUN 2017
ASIC has permanently banned a financial adviser for double charging clients and falsifying records. Robert Hutchison, from Western Australia, was an authorised representative of RI Advice Group, an Australian financial services licensee owned by OnePath ...

Central Banks fail to disappoint

BENJAMIN ONG  |  MONDAY, 19 JUN 2017
Central bank decisions, forward guidance or even a word change in policy statements move markets. Not that anyone has to be reminded about this truism of course. The world's four major central banks - the Fed, the ECB, the BOJ and the BOE - and the ...

ASIC enters new era as industry funding model passes

ALEX BURKE  |  FRIDAY, 16 JUN 2017
The ASIC Supervisory Cost Recovery Levy Bill 2017, which will enable the regulator to recoup costs from the industries it supervises, has been passed into law. Minister for Revenue and Financial Services Kelly O'Dwyer said the passing of the bill reflects ...

Fintechs must collaborate, not disrupt: Report

KARREN VERGARA  |  FRIDAY, 16 JUN 2017
Fintechs are failing to prove themselves and disrupt the financial services industry, and should instead seek to collaborate with the larger players, a new study shows. The joint report from consulting and technology company Capgemini and the University ...

Banks narrowly avoid parliamentary inquiry

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
Australian banks have narrowly dodged the possibility of facing a Royal Commission-style inquiry after a Green's Bill to establish a Parliamentary Commission of Inquiry fell short by a single vote in the House of Representatives yesterday. The Bill ...

Robo-advisers expected to meet fiduciary rule

ALEX DUNNIN  |  FRIDAY, 16 JUN 2017
Robo-advisers in the US will be subject to the same fiduciary obligations as regular human advisers, the US Securities and Exchange Commission has said. According to reports the new chairman of the SEC, Jay Clayton, is directing the SEC Division of ...

Baby boomers lag on retirement planning

JAMIE WILLIAMSON  |  THURSDAY, 15 JUN 2017
With investors becoming increasingly aware the responsibility to fund their retirement will ultimately fall on their shoulders, baby boomers could learn a thing or two from younger generations. Latest insight from Natixis Global Asset Management on ...

Not too late to maximise super

KARREN VERGARA  |  WEDNESDAY, 14 JUN 2017
With legislative changes only a few weeks away, advisers should be on top of boosting clients' super balances, according to a superannuation expert. Perpetual Private head of strategic advice Colin Lewis told Financial Standard one of the most critical ...

Short selling is 'smart money': Research

KARREN VERGARA  |  WEDNESDAY, 14 JUN 2017
Even though short sellers found it tough to generate absolute returns in 2016, the strategy remains an important source of returns for Australian shares long-short fund managers. A study by investment research firm Zenith found profiting from short ...