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Showing 5431 - 5440 of 14214 results for "Interest"

Westpac obscured bad adviser reference check

KARREN VERGARA  |  FRIDAY, 20 APR 2018
The Royal Commission found Westpac downplayed the gravity of former financial adviser Andrew Smith's misconduct not only to the regulator but with another licensee he was joining. Smith commenced as a financial adviser with Westpac subsidiary St George ...

US regulator to extend fiduciary rule

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
... access to a variety of types of advice relationships and investment products. The new proposals are called Regulation Best Interest. At present, though only as of recently, investment advisers must put their clients' interests ahead of their own. However ...

Royal Commission to boost ETFs: VanEck

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... billion ETF manager believes growth in the sector will soar as the Royal Commission hears evidence on the conflicts of interest within vertically-integrated institutions. An increasing number of financial advisers have been using ETFs to diversify client ...

Royal Commission must be extended: FSU

HARRISON WORLEY  |  FRIDAY, 20 APR 2018
The union representing workers in the financial services sector is calling for an extension of the financial services Royal Commission, as revelations of misconduct continue to arise from the inquiry. The Finance Sector Union said the inquiries of Commissioner ...

Powerwrap gears up for IPO

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
... by its board for future positioning. A trade sale process was also conducted where it received several expressions of interest, resulting in proposals from two key potential buyers. After lengthy consideration of all factors, the Powerwrap board decided ...

Chief economist update: Australian workers, don't expect a pay rise

BENJAMIN ONG  |  FRIDAY, 20 APR 2018
... unemployment rate), for instance, indicates upward pressure on wages. All else being equal, this would exert upward pressure on interest rates as the Reserve Bank of Australia (RBA) tries to prevent wage inflation from spilling over into consumer prices. ...

Chief economist update: The colour of Beige

BENJAMIN ONG  |  THURSDAY, 19 APR 2018
... how much these price increases flow through into the economy's general inflation level will determine if the Fed raises interest rates by another two or three or four more this year. Ben Ong is the Director of Economics and Investments at Rainmaker Group. ...

Former Suncorp adviser banned

HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
A former Suncorp Financial Services financial adviser has copped a four-year ASIC ban after the regulator found the adviser failed to act in the best interests of his clients. The adviser in question, Gerald Grubwinkler from Queensland, failed to adequately ...

AMP platform fees laid bare

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
... those products and to focus on newer products: "I think based on flows into different platform products, there was less interest and more flows into contemporary offerings." Hodge replied that the customers in AMP's WealthView eWrap for example, would ...

Industry welcomes final Better Banking report

HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
The final report of a two year reform program has outlined the progress made by Australia's banks in implementing the Better Banking Reforms Program. Handing down the report, independent governance expert Ian McPhee said commitment to the package of ...