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Showing 5151 - 5160 of 20553 results for "BEN"

Chief economist update: More jobs dull rate cut bets

BENJAMIN ONG  |  FRIDAY, 20 DEC 2019
'twas a good present for the Australian economy (and just in time to bring Christmas cheer) but the equity market didn't like it. The S&P/ASX 200 index closed 0.3% lower after the Australian Bureau of Statistics (ABS) released the latest update ...

Westpac to pay $9.5m for Corps Act breaches

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
Westpac has been ordered by the Federal Court of Australia to pay $9.15 million over poor financial advice provided by just one former adviser. The court case relates to poor financial advice provided by Sudhir Sinha which breached the best interest ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
There wasn't a dull day to be had in Australia's financial advice industry in 2019, but unfortunately it was rarely a good thing. We are bidding farewell to the year that is likely to be remembered as one financial advisers would rather forget. ...

TAL loses group insurance mandate

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
After 13 years, a $22 billion corporate superannuation fund is set to cut ties with TAL. From 1 July 2020, MLC Life will take over as group insurer for TelstraSuper. The fund said the decision to change insurers follows a comprehensive review of its ...

VanEck changes ETF portfolios

ALLY SELBY  |  THURSDAY, 19 DEC 2019
The fund house and Lonsec Investment Solutions have made a number of changes to their three low-cost ETFs. The portfolios are designed to help financial advisers and brokers to build diversified portfolios for their clients, while also respecting their ...

ASX 200 hits female director target

ALLY SELBY  |  THURSDAY, 19 DEC 2019
The Australian Institute of Company Directors' goal of increasing gender diversity on ASX 200 boards has been met, albeit a year after its original target. The ASX 200 has now achieved 30% female representation on boards. It comes more than four years ...

Greater potential for smart beta: Research

ELIZA BAVIN  |  THURSDAY, 19 DEC 2019
Research from Rainmaker has found that while the number of smart beta products is growing, there is still limited choice for investors. "One gets the sense that manufacturers are still trying to figure what would be most attractive to Australian retail ...

Chief economist update: Stock rally heralds 2020 cheer

BENJAMIN ONG  |  THURSDAY, 19 DEC 2019
The stock market is considered a forward-looking mechanism. That is, stock prices peak ahead of a reversal in economic growth. They start ascending before the economy starts to expand. If so, the rally in most equity markets around the world we've ...

Zenith acquired by private equity firm

ALLY SELBY  |  WEDNESDAY, 18 DEC 2019
... shareholding, transitioning into the chief executive role. Wright has worked with Zenith since its inception in 2002. Partner Ben Davis will continue in his role at the research house. "Davis' role remains substantially unchanged as he will continue ...

Government fund adds to board

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
A $44 billion superannuation fund has added a public sector expert to its board. Stewart Little has joined the State Super board. He brings 18 years of experience in the public sector to the director position. "Stewart understands the needs of public ...