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

Search Results

Showing 611 - 620 of 3744 results for "Figure"

Rural FM dupes investors: Short-seller

KARREN VERGARA  |  FRIDAY, 9 AUG 2019
An activist short-seller has valued Rural Funds Management's agricultural fund as "ultimately worthless," alleging it is falsifying accounts and over-inflating assets. Bonitas is accusing RFM, the responsible entity for ASX-listed Rural Funds Group ...

Westpac fined over reporting failure

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
... priorities," Lonsdale said. Westpac, St George and Capital Finance have until 6 September to pay the fines. The $1,501,500 figure is the maximum financial penalty APRA can issue for infringement notices under FSCODA.

ASIC reveals advice remediation progress

HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
... $120 million in remediation to date. AMP, ANZ, Commonwealth Bank, NAB and Westpac have paid a total of $119.7 million [see figure 1] in remediation for poor financial advice since the corporate regulator began reviewing how the institutions identified ...

Financial services boom rolls on

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2019
The financial services industry continues to be the largest contributor to economic growth and pays employees above-average wages, according to a new report. Data compiled by the Financial Services Council in its 2019 State of the Industry report shows ...

New Zealand retirement system under review

HARRISON WORLEY  |  MONDAY, 22 JUL 2019
... accommodation supplement to meet housing costs, which was an increase of 15% on 2013," Cordtz said. "We expect to see that figure continuing to increase. Even though superannuation costs New Zealand $30 million a day, at $411 per week it assumes Kiwis ...

Reform implementation timeframe too short: AustralianSuper

HARRISON WORLEY  |  WEDNESDAY, 17 JUL 2019
The Government's move to require superannuation trustees to stop providing opt-out insurance to new members under-25 or with low balance accounts by October 1 has riled Australia's largest fund. Airing the fund's position on the Government's ...

Super funds keen on alternatives managers

KANIKA SOOD  |  WEDNESDAY, 17 JUL 2019
Alternatives managers continued to win the biggest slice of institutional mandates awarded in Australia in the year to March end, according to the latest Rainmaker Mandate Chaser report. Not-for-profit superannuation funds and investment managers handed ...

ASIC slams consumer credit failures

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
... alongside their credit cards only receive 11 cents in claims for every dollar paid in premiums. Across all lenders, the figure moves to just 19 cents in the dollar. ASIC said CCI sales practices were harmful to consumers, noting CCI was sold to people ...

MySuper lacks risk and return correlation: Research

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
... Rank. Media Super, Hostplus, Cbus, Sunsuper and Club Plus' MySuper products topped the ranking using this measure (see Figure 1). The hierarchy shows the best-returning MySuper products beat the lowest-performing products by 70%, while volatility ...

Downsizer contributions skyrocket

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
The superannuation industry has reaped an additional $1 billion since the downsizer contribution was introduced one year ago. More than 4200 individuals have used the downsizer measure, according to Federal Treasury figures. Older Australians living ...