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

Search Results

Showing 581 - 590 of 1330 results for "AFFECTED"

CBA affirms BBSW position

DARREN SNYDER  |  TUESDAY, 27 FEB 2018
Commonwealth Bank reiterated it is disputing ASIC allegations in relation to trading which allegedly affected the Bank Bill Swap Rate on six occasions in 2012. CBA said yesterday that ASIC lodged an updated Statement of Claim to the Federal Court and ...

Vertically aligned institutions pay $21.4m compensation

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2018
... said it expects more customers will need to be compensated albeit "the amount of compensation and number of potentially affected customers is not known at this stage." As at 31 December 2017, each firm has paid the following amounts to customers: AMP ...

AI threatens financial services workers: Report

KARREN VERGARA  |  MONDAY, 29 JAN 2018
... it's encouraging that 43% of business leaders in the financial sector are planning to increase training in the functions affected most by AI deployments or are looking to redeploy employees to new functional areas (48%)," he said. AI is also introducing ...

CBA advice compensation bill balloons

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2018
CBA is set to compensate a further $1.9 million to customers affected by five former "high-risk" financial advisers, according to ASIC. CBA will review the five former representatives' advice, licenced under subsidiaries Commonwealth Financial Planning ...

HLB Mann Judd revises AFSL

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2018
... and procedures, and to enable the company to focus on other core areas of business. "No clients or investors have been affected by the company's interim undertaking and voluntary variation of its licence," the firm clarified. The revised licence does ...

SMSFs grappling with super changes

KARREN VERGARA  |  FRIDAY, 12 JAN 2018
... optimising contributions and reducing pension accounts to under $1.6 million as well as considering CGT relief for those affected by the transfer balance cap and transition to retirement changes," he said. Consequently, members paid less attention to ...

Industry fund pilots cancer wellness program

KARREN VERGARA  |  THURSDAY, 11 JAN 2018
A $50 billion industry superannuation fund is piloting a program launched by AIA Australia that helps members affected by cancer transition back to health. AIA Australia's RESTORE CaRe Positivum program is currently being trialled by 100 REST Industry ...

Industry association targets super gaps

EMMA RAPAPORT  |  MONDAY, 8 JAN 2018
... with recent estimates from the Tria and Cbus report suggesting that as many as 326,000 people (3% of the workforce) are affected through unofficial cash economy employees, as well as sham contractors. The report estimates that $1.1 billion is the amount ...

Majority ready for MiFID II: Spot poll

KARREN VERGARA  |  MONDAY, 8 JAN 2018
... can see it," he said. Conversely, 'post-trade transparency' will also be made public. Fixed income will also be greatly affected by MiFID II, according to Jesper Bruun-Olsen, head of bond information platform Algomi for the Asia-Pacific. "You'd be surprised ...

2018 Financial Standard Investment Leadership Awards

JOHN DYALL  |  FRIDAY, 22 DEC 2017
... internationally. Strategies in this category generally take interest rate risk (the risk that the capital value of the fund is affected by changes in interest rates). Fixed interest high yield is generally, but not always, invested in below investment ...