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Showing 5951 - 5960 of 28263 results for "NOT"

Chief economist update: RBNZ will run out of patience next year

BENJAMIN ONG  |  THURSDAY, 27 MAY 2021
The Reserve Bank of New Zealand (RBNZ) kept the official cash rate unchanged at 0.25%, maintained the existing LSAP programme, and retained the existing Funding for Lending Programme (FLP) conditions at its 26 May Board meeting. Same old, same old. ...

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
... were thus dependent on the defendants having adequate systems and procedures for ensuring that premiums and advice fees were not deducted following a member's death." ASIC added that AMP and its subsidiaries had no reasonable grounds for believing ...

Magellan retirement product nears launch

KANIKA SOOD  |  WEDNESDAY, 26 MAY 2021
... retirement product since at least 2017. It has now scheduled a June 1 briefing for the retirement income focused product but did not provide further detail. "We are pleased to announce the launch of Magellan FuturePay. We believe it will help address ...

Rich investors not worried about low rates: Citi

KANIKA SOOD  |  WEDNESDAY, 26 MAY 2021
... (54%) were more concerned about COVID-19's impact than the low interest rates (27%). "Interestingly, low interest rates did not rank as an area of concern for high-net-worth investors, despite this being a major factor influencing the return investors ...

Research reveals factors influencing advice

JAMIE WILLIAMSON  |  WEDNESDAY, 26 MAY 2021
... potential gender bias. Commenting on the findings, Oxford Risk noted the artificiality of the exercise, acknowledging it is "not a flawless representation of the way adviser-client relationships, nor advice processes, exist in real life". "This artificiality ...

Former adviser jailed for six years

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
... "Financial advisers should always allow clients to have direct access to information about their own investments. If this is not occurring, clients should contact ASIC with their concerns."

NAB denies underpaying full-time workers

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
... said that its review impacts some current and former colleagues that worked part-time only. "The issue raised by the FSU does not impact full time colleagues," NAB said in a statement, addressing media reports that the FSU is taking legal action against ...

Chief economist update: China and Australia's interdependence

BENJAMIN ONG  |  WEDNESDAY, 26 MAY 2021
... to sustain this. A slump in iron ore prices would certainly affect Australia's trade and budget accounts but it's not the be all and end all for the domestic economy. So would completely disengaging with China. But both Australia and China would ...

UBS, Nomura cop fines over bond cartel

KANIKA SOOD  |  TUESDAY, 25 MAY 2021
... between 2007 and 2011. EC says it affected the entire European Economic Area. In all seven banks were involved, but four were not fined. NatWest avoided a $410 million fine as it revealed the cartel conduct to the commission, Portigon escaped a fine ...

Poor financial literacy failing young workers

KARREN VERGARA  |  TUESDAY, 25 MAY 2021
... accounting firm Findex, which canvassed 274 young workers aged between 16 and 24. Almost half of the respondents said they did not receive formal education in the areas of personal finance at school. The same number do not know how to calculate interest ...