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

Search Results

Showing 5961 - 5970 of 10709 results for "May 1997"

NAB sells $1bn worth of UK property loans

JAMES FERNYHOUGH  |  TUESDAY, 29 JUL 2014
National Australia Bank (NAB) has agreed to sell A£625 million (AU$1.1 billion) worth of UK commercial property loans to Cerberus Global Investors. NAB said the sale was intended to de-risk its UK Commercial Real Estate (CRE) portfolio, reducing the ...

AIA reports 23% growth in new business

LAURA MILLAN  |  MONDAY, 28 JUL 2014
AIA Group has reported a growth of 23% in the value of new business for the six months to May 31, 2014. The Hong Kong-listed entity saw an increase in the value of new business to US$792 million (AUD$841.30 million), as well as an 11% increase in annualised ...

It's all about the US week

BENJAMIN ONG  |  MONDAY, 28 JUL 2014
Sit back and enjoy the first two days of this week for starting mid-week... financial markets' moods could swing - for the better or the worse - on America. Yes Virginia, this week is all about the US of A. Sure Virginia, there'll be speculations galore ...

Australian Unity in talks to buy Premium Wealth Management

ALICE URIBE  |  FRIDAY, 25 JUL 2014
Australian Unity Personal Financial Services (Australian Unity) retains its focus on acquisitions, entering discussions with Premium Wealth Management to acquire all of the dealer group's shares. The board of Premium Wealth Management has recommended ...

Select brings Neuberger Berman hedge fund strategy to Australia

MARK SMITH  |  FRIDAY, 25 JUL 2014
Select Fund Services has made a Neuberger Berman fund-of-hedge-funds strategy available to retail and self-managed super fund (SMSF) investors. The launch of the Neuberger Berman ARMS Trust gives local investors access to the firm's Absolute Return ...

FSC report warns of default super 'turmoil'

JAMES FERNYHOUGH  |  THURSDAY, 24 JUL 2014
The Fair Work Commission (FWC) review of default superannuation will cost $400 million and throw the superannuation of 2.25 million Australians into "turmoil", the Financial Services Council (FSC) has claimed. The FSC's claims come on the back of a ...

CBA whistleblower casts doubts over compensation scheme

LAURA MILLAN  |  THURSDAY, 24 JUL 2014
Former Commonwealth Bank (CBA) planner and whistleblower Jeff Morris has expressed concern over a number of aspects of the bank's Open Advice Review program to compensate victims of bad advice. The adviser, who blew the whistle on cases of advice misconduct ...

Fixed it

BENJAMIN ONG  |  THURSDAY, 24 JUL 2014
The times, they are a-changin'. We've come a long, long way Virginia. Yes, us, Australians all... for the times, they have a-changed. Not so long ago, many were concern over Australian bank's vulnerability to rising interest rates because of their reliance ...

Investors vulnerable as property schemes shirk risk disclosure

JAMES FERNYHOUGH  |  WEDNESDAY, 23 JUL 2014
Unlisted property fund managers who fail to adequately disclose risks are placing investors in a vulnerable position according to the Australian Securities and Investments Commission (ASIC). ASIC commissioner Greg Tanzer said a review into the sector's ...

Cbus and FPA sign adviser referral deal

LAURA MILLAN  |  WEDNESDAY, 23 JUL 2014
Industry super fund Cbus members will have access to Financial Planning Association (FPA) certified financial planners after the two organisations joined together to launch a referral program. The national referral program which is scheduled to start ...