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

Search Results

Showing 31 - 40 of 239 results for "Magnitude"

RBA lifts cash rate to 1.85%

ANDREW MCKEAN  |  WEDNESDAY, 3 AUG 2022
... future interest rate hikes. Looking forward, the fund manager said: "The market is clearly still trying to navigate the magnitude of interest rate hikes that the RBA needs to deliver to bring inflation back under control whilst being watchful of the ...

Super home buyer scheme fails to move the needle

ANDREW MCKEAN  |  WEDNESDAY, 18 MAY 2022
... of the 2021 price rise, a paltry 4% of the price itself, Dunnin said. Certainly, while anything is helpful, the sheer magnitude of Rainmaker's findings makes clear that at best the super home buyer policy will only help at the margins. Housing as a superannuation ...

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON  |  FRIDAY, 22 APR 2022
... impacted just shy of 10,000 members. Another of the cases involved inadequate fee disclosure by the Westpac, Securitor and Magnitude licensees regarding the ongoing charging of contribution fees. Over eight years it's estimated at least 25,000 clients ...

NAB tops bad advice compensation bill

KARREN VERGARA  |  TUESDAY, 15 FEB 2022
... the highest compensation liability. Coming in second place, Westpac's compensation bill came to $953.3 million. Magnitude Group, Securitor Financial Group, and other Westpac-employed advisers are due to fully remediate customers by the end of March. ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... on advice, ASIC alleges that Westpac's former licensee groups BT Financial Advice, Securitor Financial Group and Magnitude Group charged ongoing contribution fees for financial advice without adequate fee disclosure to about 25,000 customers, amounting ...

GMO launches local climate fund

ELIZABETH MCARTHUR  |  THURSDAY, 7 OCT 2021
... subject in 2010," White said. "Improving economics for clean energy, combined with a growing global awareness of the magnitude of the problem we're up against, will support secular growth in the climate change sector for decades to come." Like the existing ...

Westpac in fresh $87m remediation program

KARREN VERGARA  |  FRIDAY, 2 JUL 2021
... notifications fell through the cracks between 2005 and 2019. The Westpac subsidiaries affected are Securitor Financial Group, Magnitude Group and Westpac Banking Corporation (known as BT Financial Advice). These businesses ceased providing personal financial ...

Global investor confidence suffers

ELIZA BAVIN  |  MONDAY, 1 MAR 2021
... by 16.6 points to 78.1 and 17.5 points to 98.2, respectively. The North American ICI also declined, but by a smaller magnitude, falling 2.8 points to 93.3. State Street Associates head of investor behaviour research Rajeev Bhargava said the contraction ...

ERS had little effect on funds: Research

ELIZA BAVIN  |  TUESDAY, 22 DEC 2020
... constituted approximately 1.6% of assets under management on average and 26.5% of cash holdings. "This is an order of magnitude higher than the typical fund flows observed under normal policy settings," it said. "The average fund received over 40,000 ...

Westpac enters into court enforceable undertaking

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... "APRA's concerns have been communicated directly to the board and senior management with the clear message that the magnitude of improvements that Westpac needs to deliver requires a deep commitment to change at all levels across the organisation ...