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Showing 5001 - 5010 of 10705 results for "May 2012"

NAB pays $6.5m to resolve advice complaints

KERRIE SYDEE  |  WEDNESDAY, 28 SEP 2016
National Australia Bank revealed it has paid a total of $6.5 million to 251 customers since February 2015 after settling their claims for compensation. In an update on its financial advice response initiative, NAB said the uplift in payments to customers ...

NGS cuts ties with CommInsure

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2016
NGS Super has terminated its longstanding partnership with CommInsure, awarding the mandate for its insurance offering to a rival life company. Following an in-depth tender process, the mandate has been secured by TAL; ending NGS's 28 year relationship ...

Budgets with more super tinkering are possible

DARREN SNYDER  |  MONDAY, 26 SEP 2016
Westpac chief economist Bill Evans warns superannuation funds that further tinkering of the system at Budget time is not beyond the realms of possibilities. As federal politicians become further engrossed in "fixing the Budget" the chief economist reckons ...

Life insurance reforms to be re-introduced

JAMIE WILLIAMSON  |  MONDAY, 26 SEP 2016
A spokesperson for the Minister for Revenue and Financial Services Kelly O'Dwyer has confirmed to Financial Standard that draft legislation pertaining to the Life Insurance Framework (LIF) will be formally re-introduced in early October when Federal ...

J.P. Morgan overtakes NAS in AUC

KERRIE SYDEE  |  MONDAY, 26 SEP 2016
J.P. Morgan has overtaken NAB Asset Servicing (NAS) as the largest overall provider in the custody market, following further declines in assets under custody (AUC) for NAS. The figures published by the Australian Custodial Services Association (ACSA) ...

Managed accounts market likely bigger than thought

JAMIE WILLIAMSON  |  FRIDAY, 23 SEP 2016
The Australian managed accounts market is well on the way to achieving Morgan Stanley's $60 billion FUM by 2020 prediction, with data released by the Institute of Managed Accounts Professionals (IMAP) indicating the market has more than doubled since ...

Asset owners, managers not prepped for blockchain

JAMIE WILLIAMSON  |  FRIDAY, 23 SEP 2016
A survey by State Street has found that while 65% of APAC asset owners and managers expect blockchain technology to be widely adopted in the next five years, only 33% of participants actually have blockchain initiatives underway at present to support ...

A new narrative for diversification: Western Asset

KERRIE SYDEE  |  THURSDAY, 22 SEP 2016
Complementary central bank activity has hurt the traditional diversification narrative, according to product specialist at Western Asset Management Robert Abad. Speaking with Financial Standard about the launch of the Legg Mason Western Asset Macro ...

Christmas in September

BENJAMIN ONG  |  THURSDAY, 22 SEP 2016
Ho, ho, ho. Merry Christmas everybody, merry Christmas! The Bank of Japan (BOJ) and the US Federal Reserve (Fed) played jolly old saint Nicolas, decking the financial market halls with boughs of holly (fa la la...) on the 21st of September. Santa Kuroda ...

IFM active equity team wins first mandate

MARK SMITH  |  WEDNESDAY, 21 SEP 2016
IFM Investors' active equities team has won its first institutional mandate from an industry super fund. The $6.5 billion Mine Wealth + Wellbeing fund has awarded the firm's Australian Core Equities strategy its inaugural mandate. The exact size of ...