Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 5291 - 5300 of 19420 results for "One"

Chief economist update: Coronavirus infects oil market

BENJAMIN ONG  |  TUESDAY, 4 FEB 2020
It appears that no one and nothing is immune from the spread of the coronavirus. It's now turned the bull market in crude oil into a bear. Crude oil prices sank by more than 10% (the technical definition of a bear market) - WTI oil down 15.6%; Brent ...

Industry split over super fee hike

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  TUESDAY, 4 FEB 2020
... Consumers Australia director Xavier O'Halloran labelled the justification for the fee underwhelming. "We understand they were one of the biggest beneficiaries of the consolidation reforms, with this inflow of funds it is unclear why they haven't ...

Sargon companies in administration

KANIKA SOOD  |  MONDAY, 3 FEB 2020
... a spokesperson for Ernst & Young said. Last week, Philip Kingston's Sargon was forced into external administration by one if its Chinese creditors. In a statement to Financial Standard, Sargon said one of its creditors, Chinese state-owned insurance ...

Argo Investments' profit plunges

ALLY SELBY  |  MONDAY, 3 FEB 2020
... announced a half-year profit of $118.8 million, down from $157.2 million for the first half in 2018. The investment firm said the one-off $36.1 million Wesfarmers/Coles demerger dividend boosted 2018's results, leading to a decline in profit for the ...

Retirement funding system failing: Report

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
... adequately supported all Australians for several reasons." The report points to the fact that Australians are living longer as one factor, saying this fact is often communicated with "rhetoric" around it being an economic burden or threat. "Australia's ...

ANZ completes OnePath sale to IOOF

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
ANZ completed its sale of OnePath Pensions & Investments to IOOF for a renegotiated price of $850 million. The final sale price was $850 million, including the $25 million that ANZ received for the sale its aligned dealer groups in 2018. It was a renegotiated ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... structures - in the 1980s, it was not uncommon to pay a fee of 8% of the purchase price to buy into a property trust." Therefore, one of the consequences of that structure was an industry focussed on selling products and consumers were ignorant to the ...

Chief economist update:China prepares anti-viral injection

BENJAMIN ONG  |  MONDAY, 3 FEB 2020
... 19,633 confirmed deaths. It was this outbreak that prompted the World Health Organisation (WHO) to raise the threat level to 5, one level away from pandemic. The swine flu might have infected more countries and humans but the death rate was just 0.02% ...

Frydenberg takes RC super advice

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
... of RSEs to hold any other roles and prohibiting trustees from charging advice fees in MySuper products. On the eve of the one-year anniversary of the release of Commissioner Kenneth Hayne's final report, Treasurer Josh Frydengberg has released draft ...

Ongoing fees, advice fees in super to be reformed

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
... the accelerated timetable outlined in our implementation roadmap," Treasurer Josh Frydenberg said. This comes ahead of the one year anniversary of Hayne's final report on February 5. The draft legislation for recommendation 2.1 will enhance the existing ...