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Showing 5891 - 5900 of 17959 results for "Bank"

ASIC audits limited AFSLs

KARREN VERGARA  |  THURSDAY, 20 JUL 2017
ASIC recently audited 20 limited AFSL holders to assess how they were faring with their obligations following the removal of an exception for accountants to give advice on SMSFs in July last year. ASIC found licensees were uncertain about steps they ...

Adviser group expands national footprint

KARREN VERGARA  |  THURSDAY, 20 JUL 2017
... share placements, he noted. "These are opportunities which are simply not available through retail investors, including large bank-owned dealer groups," Jones said. There are 42 staff members across the five businesses operating under Affinity Wealth ...

FOFA breach sees former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2017
... from May 2015 to December 2015, prior to which he represented the now-defunct Genesys Wealth Advisers and the Commonwealth Bank's Financial Wisdom network. ASIC decided Atkins failed to act in the best interests of the clients as he had not identified ...

APRA sets new capital target for the big four

ALEX BURKE  |  WEDNESDAY, 19 JUL 2017
... well-placed to meet the new standard. Westpac chief financial officer Peter King expressed similar sentiments, noting that the bank has already "proactively taken steps to boost its CET1 capital ratio" to 10% as at 31 March 2017. ANZ said it had reached ...

Macquarie leads alternatives pack

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2017
Global alternative assets under management rose 10% to US$4 trillion in the 12 months to December 2016, with Macquarie Group dominating the local sector. The annual Willis Towers Watson global alternatives survey of 562 investment managers (which included ...

Digital revamp for Citi wealth arm

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2017
... with an abundance of information, they want an expert who can provide credible information that's usable and customised. The bank's wealth management division caters to three main segments: emerging affluent, affluent and high net worth clients. Selva ...

Jump goes the Aussie

BENJAMIN ONG  |  WEDNESDAY, 19 JUL 2017
... period ahead." "Members noted that the strength of recent labour market data had removed some of the downside risk in the Bank's forecast of wage growth." But what put a rocket under the already strengthening Australian dollar were these: "Financial ...

Association launches retirement savings research hub

JAMIE WILLIAMSON  |  TUESDAY, 18 JUL 2017
... Macquarie University Applied Finance Centre and Actuarial Program. He is also a former her of investment research at Macquarie Bank. "Phillip has an enviable reputation is this field and we are honoured he has decided to accept this role," Maroney said. ...

Generational change for La Trobe leadership team

JAMIE WILLIAMSON  |  TUESDAY, 18 JUL 2017
La Trobe Financial is bidding farewell to two long-serving executives and has appointed from within to name successors as well as a new chief corporate treasurer. La Trobe chief operating officer Brian Ford is retiring after more than 35 years with ...

Advice licensees hit with $1500 levy

EMMA RAPAPORT  |  MONDAY, 17 JUL 2017
ASIC has introduced a $1500 fixed levy on authorised financial advice licensees to cover the price tag of its costs recovery framework. The graduated levy for licensees comes off the back of the ASIC Supervisory Cost Recovery Levy Bill, a law which ...