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Showing 5201 - 5210 of 14213 results for "Interest"

CFS and a messy MySuper transition

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
... more contraventions, slowed down account transfers, and tried to protect advice revenue at the cost of members' best interest. CFS' letter to members CFS executives started the breach resolution process with drafting member communication. The super funds ...

Chief economist update: Emerging markets feel the heat as Turkey burns

BENJAMIN ONG  |  TUESDAY, 14 AUG 2018
... are many more and ones that would raise inflation in emerging markets, prompting their respective central banks to lift interest rates but in so doing also choke economic growth. Ben Ong is the Director of Economics and Investments at Rainmaker Group. ...

NAB complicated plan service fee issue: Royal Commission

HARRISON WORLEY  |  MONDAY, 13 AUG 2018
NAB Wealth failed to make its plan service fee issue easy to solve, the Royal Commission heard today. Counsel assisting Michael Hodge suggested to NAB chief customer officer and former group executive of NAB Wealth Andrew Hagger that the bank's ...

Macquarie acquires Investa Office Fund stake

JAMIE WILLIAMSON  |  MONDAY, 13 AUG 2018
... a wholly-owned subsidiary of Macquarie Group, reached an agreement with ICPF Holdco to purchase 50% of ICPF Holdco's interest in the platform and enter into a new joint venture deed. In doing so, Macquarie acquires about 10% of the ASX-listed Investa ...

Life insurance loyalty waning

JAMIE WILLIAMSON  |  MONDAY, 13 AUG 2018
More than 240,000 life insurance policyholders switched provider in the 12 months to June 2018, while a further 766,000 considered switching. According to the latest figures from Roy Morgan, more than one million risk and life insurance policies had ...

Janus Henderson promotes Aussie team

KANIKA SOOD  |  MONDAY, 13 AUG 2018
Janus Henderson Investors made two promotions in its Australian fixed interest team which currently manages $13.7 billion for institutional and retail clients. Portfolio manager Jay Sivapalan is moving into the position of co-head of Janus Henderson ...

Chief economist update: Turkey's roasted

BENJAMIN ONG  |  MONDAY, 13 AUG 2018
... lira/US$1 from the start of 2018 on the back of President Recep Tayyip Erdogan's erroneous economic thinking - that high interest rates cause inflation - and his pledge to take greater of monetary policy if he wins re-election at the June 24 poll. ...

Failed industry fund merger laid bare at Royal Commission

KANIKA SOOD  |  FRIDAY, 10 AUG 2018
... Answering if the fund had become conflicted between union interests and member interests, Wilson replied in negative. "The interest of unions and interests of members of funds are so aligned as to be indistinguishable, it's what we do," Wilson said. ...

Property fund makes $143m bid to internalise management

KANIKA SOOD  |  FRIDAY, 10 AUG 2018
... the directors of its responsible entity, Aventus Capital Limited, think it is in shareholders' and the fund's interest to buy the management arm from Blundy and Holland's APG. The proposal, if approved by unitholders at the September 25 AGM ...

NAB CEO apologises over super failures

HARRISON WORLEY, DARREN SNYDER  |  FRIDAY, 10 AUG 2018
National Australia Bank chief executive Andrew Thorburn took to social media yesterday to apologise on behalf of the group's 34,000 staff for failures identified at the financial services Royal Commission. Speaking about confronting allegations ...