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Showing 5271 - 5280 of 17956 results for "Bank"

Unions lobby super sector to cut big bank, AMP ties

JAMIE WILLIAMSON  |  TUESDAY, 24 APR 2018
... fund chief executives, ACTU secretary Sally McManus urged funds to reconsider their relationships with Westpac, Commonwealth Bank, ANZ and NAB in accordance with their ESG policies. "Working people in Australia gave up pay rises in order to get universal ...

ANZ blames systems for inadequate controls: RC

KARREN VERGARA  |  MONDAY, 23 APR 2018
... "guiderails" or support for advisers, but it lowers the risk of making mistakes or things going wrong. It also improves the bank's ability to monitor advisers, she added. Orr asked why it was so difficult to implement the same systems and processes used ...

Super fund awards $150 million fixed income mandate

JAMIE WILLIAMSON  |  MONDAY, 23 APR 2018
... of the overall market's performance. Typically looking to provide yearly gross returns of 2-3% over the Bloomberg AusBond Bank Bill Index, in Sunsuper's case it will seek to achieve, before fees, an excess return of 1.75%. It will be used by Sunsuper ...

Royal Commission presents clear downside for bank stocks

ALEX BURKE  |  MONDAY, 23 APR 2018
... direction it will ultimately take." However, so far, several themes have emerged: a "slow drip of negative sentiment" towards bank behaviour and costs of participation regarding legal and preparation expenses. The analysts said the primary outcome will ...

Chief economist update: Malcolm puts agricuture in the middle

BENJAMIN ONG  |  MONDAY, 23 APR 2018
"You are all right when you say when you say politically it would have been better for us if we had done it years ago." These are the words from Australian Prime Minister Malcolm Turnbull doing a "mea culpa" for waiting two years before establishing ...

Government targeted for delaying Royal Commission

ALEX BURKE  |  FRIDAY, 20 APR 2018
... "protection racket." It's hard to imagine anyone sensitive to their own best interests using a planner associated with a major Oz bank in light of revelations at the Royal Commission. Raises serious questions of integrity for vertically integrated offerings ...

Westpac obscured bad adviser reference check

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... and it wasn't appropriate," he said. Orr pressed Wright why it took so long to notify ASIC of Smith's conduct and why the bank had "downplayed" this incident by merely referring to it as "background" information in the documents. She endeavoured to get ...

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... first testimony from an affected party. Dead clients were charged fees by Count Financial in three cases identified by the bank in 2015, CBA executive general manager, Commonwealth Private Marianne Perkovic acknowledged. Meanwhile Federal Treasurer Scott ...

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
... to opt-in to advice fees. Dead advice clients slugged ongoing service fees Day four of the Commission saw the Commonwealth Bank admit its Count Financial subsidiary charged ongoing service fees to clients it knew had passed away. Providing testimony ...

One third of Aussies struggling financially

HARRISON WORLEY  |  FRIDAY, 20 APR 2018
... individual felt comfortable with their current financial situations. The study is the sixth in a series conducted by the bank since 2002 which have explored the financial literacy, attitudes and behaviours of Australians.