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Showing 621 - 630 of 882 results for "FOS"

Strike three

BENJAMIN ONG  |  WEDNESDAY, 8 APR 2015
It's a hat trick. It's three for three. Three times that the Reserve Bank of Australia (RBA) wrong-footed market expectations. Governor Glenn Stevens cut interest rates by 25 basis points to a record low 2.25% back in February when markets expected ...

ClearView predicts end of independent financial advice

ALEX BURKE  |  WEDNESDAY, 1 APR 2015
The recommended restrictions and levelling of commission levels and upfront payments in the FSI and Trowbridge reports could drive independent advisers completely out of business, according to ClearView's FSI submission. The submission suggested that ...

Another cut's in the mail?

BENJAMIN ONG  |  TUESDAY, 24 MAR 2015
Disappointment over the Reserve Bank of Australia's (RBA) decision not to cut interest rates at its 3 March Board meeting reversed the Australian equity market's sharp uptrend that started in the middle of January. The All Ords dropped from a high of ...

CMSF closes with focus on policy

LAURA MILLAN  |  FRIDAY, 20 MAR 2015
The 25th edition of the Australian Institute of Superannuation Trustees' (AIST) Conference of Major Super Funds (CMSF) has finished on the Gold Coast with a focus on the policy issues affecting the industry. The conference has seen over 1,100 delegates ...

China millennials dictate future of emerging-market investment

ALEX BURKE  |  WEDNESDAY, 18 MAR 2015
The rise of affluent Chinese "millennials" is driving changes in the emerging-market investment space, according to AB. China has an estimated 300 million people born between 1980 and 2000, and this generation is distinct from those previous in that ...

Majority slammed (again), equities dunked, A$ fouled

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2015
"First, you think I'm going left. But I don't. So now you're thinking, am I going to go right or even confuse him by going left. So I go left again. Now you think I'm finally gonna go right but what I'm really gonna do is... and slam!" - Kevin Bacon ...

ASIC to face legal action over Storm Financial

LAURA MILLAN  |  THURSDAY, 5 FEB 2015
The Australian Securities and Investments Commission (ASIC) is facing a class action for its alleged delay in taking action against Storm Financial and for allegedly acting to protect the interests of major banks, particularly the Commonwealth Bank ...

AMP Capital trims global infrastructure equity team

LAURA MILLAN  |  WEDNESDAY, 4 FEB 2015
The latest restructure at the AMP Capital global infrastructure equity team has resulted in three redundancies among the fund manager's top ranks. AMP Capital head of infrastructure for Australia and New Zealand Paul Foster will leave the business ...

Financial services companies owe consumers $15m compensation

LAURA MILLAN  |  MONDAY, 2 FEB 2015
... Financial services providers owe consumers about $15 million in unpaid compensation, according to the Financial Ombudsman Service (FOS). The latest edition of The FOS Circular reveals that since January 1, 2010, a total of 26 financial services companies ...

Fossil fuel divestment gathers pace

ALEX DUNNIN  |  TUESDAY, 13 JAN 2015
The fossil fuel divestment push is gathering pace, this time with 295 faculty members of Stanford University in the US writing to its board of trustees asking them to divest its $25 billion endowment fund from the investment sector. The Stanford University ...