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Showing 5211 - 5220 of 14214 results for "Interest"

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 ...

IOOF executives dismiss conflicts of interest

KARREN VERGARA  |  FRIDAY, 10 AUG 2018
IOOF left some superannuation members in expensive legacy products despite board members recognising conflicts of interest existed in choosing to boost revenues over meeting "community expectations." The financial services Royal Commission continued ...

BNY Mellon partners for new fund, eyes Aussie retail market

KANIKA SOOD  |  FRIDAY, 10 AUG 2018
... acquisitions, paying $4 million for a 40% equity stake in Omega Global Investors. It also agreed to pay $46 million for a 35% interest in Metrics Credit Partners.

Funds SA appoints chair, director

KANIKA SOOD  |  FRIDAY, 10 AUG 2018
The $30 billion public fund manager has chosen a former UniSuper head of public markets to chair its board, while another investment veteran is joining the board as a director. Both spots opened up when former South Australia Deputy Premier and Treasurer ...

Chief economist update: Betting on down rather than up?

BENJAMIN ONG  |  FRIDAY, 10 AUG 2018
... into a precipitous slide in the currency that could another set of problem for the RBNZ - i.e. it might have to raise interest rates to stop funds outflow and/or an unwanted surge in inflation. The New Zealand dollar is now trading at US$0.6595, down ...

We have won the battle, not the war: AustralianSuper CEO

HARRISON WORLEY  |  THURSDAY, 9 AUG 2018
... available to the fund to deploy on their behalf." Earlier today the commission heard NULIS struggled to manage conflicts of interest between itself and NAB Wealth, in dealing with the plan service fee issue. Counsel assisting Michael Hodge suggested ...

Conflict of interest too great for NULIS: Royal Commission

HARRISON WORLEY  |  THURSDAY, 9 AUG 2018
Conflicts of interest between NULIS and NAB Wealth were too great for the superannuation trustee to manage, the Royal Commission has heard today. Counsel assisting Michael Hodge suggested to former NULIS chair Nicole Smith the trustee "simply couldn't ...

Philanthropists should reimagine data management: Research

KARREN VERGARA  |  THURSDAY, 9 AUG 2018
Perpetual research presents new strategies for the philanthropic and not-for-profit sectors that mitigate data risks and helps them get ahead in an increasingly digital technology-centric society. Perpetual national manager of philanthropy and non-profit ...

GROW Super co-founder sells advice business

JAMIE WILLIAMSON  |  THURSDAY, 9 AUG 2018
A privately-owned AFSL has acquired the financial advice business of a GROW Super co-founder. Profile Financial Services confirmed it has bought the client book of Churpa Wealth, the advice firm established by GROW Super co-founder Mathew Keeley in ...

Chief economist update: Younger migrants and the elderly keep wages low

BENJAMIN ONG  |  THURSDAY, 9 AUG 2018
... unemployment rate will come down gradually and that inflation will increase over time... The timing of any future change in interest rates is dependent upon the speed of the progress that is made in reducing the unemployment rate and having inflation ...