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Showing 5811 - 5820 of 17959 results for "Bank"

Iceberg MDAs driving managed account FUM

JAMIE WILLIAMSON  |  TUESDAY, 29 AUG 2017
The amount of money pouring into managed discretionary accounts has seen the total funds under management in managed accounts rise 22.5% in just six months. According to the FUM Census from the Institute of Managed Account Professionals, as at 30 June ...

Labor, FSU call for Royal Commission

KARREN VERGARA  |  TUESDAY, 29 AUG 2017
APRA's inquiry into the Commonwealth Bank reinforces an urgent need for a banking Royal Commission, according to Labor and the Finance Sector Union of Australia. If there are doubts about the need for a Royal Commission a year ago, there can be no doubts ...

APRA launches inquiry into CBA

EMMA RAPAPORT  |  MONDAY, 28 AUG 2017
The Australian Prudential Regulation Authority will establish an independent inquiry into the Commonwealth Bank, following a series of scandals which have called the integrity of Australia's largest bank into question. The inquiry, conducted by an APRA-appointed ...

Big tech leads fintech optimism

DARREN SNYDER  |  THURSDAY, 24 AUG 2017
Three years of global research on fintechs has delivered an optimistic assessment about their disruptive and transformative role in financial services. The research culminated in an 197-page report released by the World Economic Forum and Deloitte ...

Financial services leaders push for marriage equality

EMMA RAPAPORT  |  THURSDAY, 24 AUG 2017
More than sixty major financial services institutions are supporting marriage equality in the lead up to the highly anticipated postal survey on same-sex marriage. Financial services businesses ranging from superannuation funds AustralianSuper and HESTA ...

CBA faces shareholder class action

ALEX BURKE  |  WEDNESDAY, 23 AUG 2017
The Commonwealth Bank is potentially facing the largest shareholder class action in Australian history, according to Maurice Blackburn Lawyers. In a statement, Maurice Blackburn said it was partnering with litigation funder IMF Bentham to open registrations ...

Panel appointed to ease AFCA transition

JAMIE WILLIAMSON  |  WEDNESDAY, 23 AUG 2017
... new 'one-stop-shop' model, the Australian Financial Complaints Authority. Led by former Assistant Governor of the Reserve Bank of Australia Malcolm Edey, the panel comprises representatives from two of the three existing complaints services to be amalgamated ...

Independent director joins Westpac board

KARREN VERGARA  |  TUESDAY, 22 AUG 2017
... director to its board. With about 30 years of commercial and business management experience, Nerida Caesar will join the bank's board effective September 1. Caesar, who is currently the managing director of Equifax Australia and New Zealand (formerly ...

SMSFA supports quarterly reporting proposal

EMMA RAPAPORT  |  TUESDAY, 22 AUG 2017
... noting that delays in collecting information can result in trustees being charged interest at 7% per annum above the 90-day bank bill rate, accruing daily, on excess transfer balance accounts. He adds that until this new proposed reporting regime starts ...

Advice key to living the dream

JAMIE WILLIAMSON  |  MONDAY, 21 AUG 2017
... 'living the dream' are linked to personal finance, with 54% believing it means having financial freedom and independence. A low bank balance was highlighted as the number one factor preventing more Australians from 'living the dream', while debt also ...