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Showing 4781 - 4790 of 14213 results for "Interest"

Remediation to hit Westpac earnings

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
... the purposes of the remediation". The estimated proportion of fees to be refunded now sits at about 28%, not including interest. In a statement to the ASX, Westpac also said it would commence remediation for customers of authorised representatives still ...

EQT hires risk and superannuation strategy lead

KARREN VERGARA  |  MONDAY, 25 MAR 2019
Equity Trustees hired a former APRA manager to the newly created role of head of risk and superannuation strategy. Justin Watts joins EQT's growing Superannuation Trustee Office (STO). Watts worked across a range of areas including superannuation, insurance ...

New ethics test for bankers

KANIKA SOOD  |  MONDAY, 25 MAR 2019
The Financial Services Institute of Australasia entered into an agreement to introduce an ethics test for Australian bankers and securities markets professionals. The test has been developed in partnership with the Chartered Institute for Securities ...

Former Apple exec links with AMP Capital

HARRISON WORLEY  |  FRIDAY, 22 MAR 2019
AMP Capital hired a former Apple operations executive as a senior adviser in its infrastructure equity business. Thomas Preising has joined AMP Capital, as the firm begins an effort to streamline and enhance the operations of its global infrastructure ...

Chief economist update: RBA repeats history

BENJAMIN ONG  |  FRIDAY, 22 MAR 2019
... The Reserve Bank of Australia (RBA) may not even need to acquiesce to mounting consensus expectations for at least one interest rate cut this year after the Australian Bureau of Statistics' (ABS) good news on the country's unemployment rate - ...

Chief economist update: Fed on ice

BENJAMIN ONG  |  THURSDAY, 21 MAR 2019
... discussing central banks' changes in policies. A change in policy stance from hawkish to dovish and/or an outright cut in interest rates telegraph the central bank's concern over the state of the economy. This is none other exemplified by the ...

Robert slates industry over inactive accounts

HARRISON WORLEY  |  THURSDAY, 21 MAR 2019
... do something about it.' "[There were a] whole bunch of insurance premiums being charged on inactive accounts. Out of interest, what was everyone doing about that?" he asked. FSC chief executive Sally Loane asked the Assistant Treasurer if he held the ...

AFA takes red pen to Hayne report

HARRISON WORLEY  |  WEDNESDAY, 20 MAR 2019
... "We are not arguing for the banning of intra-fund advice; however we do appreciate that it has the ultimate conflict of interest in that it can only involve a recommendation with respect to the fund that the adviser works for. "It is interesting to hear ...

Neilsons sell 10% of Platinum

KANIKA SOOD  |  WEDNESDAY, 20 MAR 2019
Billionaire fund manager Kerr Neilson and philanthropist Judith Neilson sold $300 million of their stake in Platinum Asset Management, to put money towards philanthropy and personal investments. The Platinum co-founder now has a retaining control over ...

Chief economist update: BOJ decision announced and ignored

BENJAMIN ONG  |  WEDNESDAY, 20 MAR 2019
... - dropped by 5.4% in the month of January and by 5.2% over the year. However, most telling is after years of negative interest rates and "QQE with Yield Curve Control", loan demand from both businesses and households continue to drift lower. No one may ...