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Showing 651 - 660 of 5944 results for "Banks"

Adviser levy to increase by 160%

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
... They also noted ASIC's industry funding model had not changed despite major shifts in the financial advice sector, with banks largely exiting advice. Yet ASIC's budget to oversee financial advisers has increased from $25.6 million in 2017-18 to more ...

Metrics launches NZ fund

ANNABELLE DICKSON  |  WEDNESDAY, 3 MAR 2021
... wholesale funds managed by Metrics. The fund diversifies its lending in Australian corporates by industry sectors (excluding banks), across projects in both public and private sectors.

Chief economist update: Getting better, but not better enough

BENJAMIN ONG  |  WEDNESDAY, 3 MAR 2021
... who "quite forgot how to speak good English", there appears to be universal optimism over the economic outlook as central banks watch "through the looking glass". This sentiment is echoed by the Reserve Bank of Australia (RBA). In its March 2 meeting ...

Chief economist update: Fed fights back bond bears

BENJAMIN ONG  |  MONDAY, 1 MAR 2021
... bonds relative to undulating company stock prices and their dividend payouts. But hold your horses! Major world central banks, led by the Fed, are singing the chorus from Cher's classic, "I really don't think you're strong enough now..." ...

Chief economist update: The cloud over the rainbow

BENJAMIN ONG  |  FRIDAY, 26 FEB 2021
... that'll eventually end up in higher prices for goods and services that, in turn, will make it imperative for global central banks and fiscal authorities to reverse loose policy pledges. We all know what higher bond yields do to the stockmarket, they ...

ASIC takes NAB to court

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
... This fee was set at $1.80 for periodical payments to other NAB accounts, and $5.30 for such payments to accounts with other banks. However, many customers were exempt from the PP fees - but NAB charged them anyways. The bank did not disclose these explicitly ...

Public sector super satisfaction rises

ANNABELLE DICKSON  |  WEDNESDAY, 24 FEB 2021
... by OnePath, Mercer, MLC and Colonial First State. Satisfaction was lower for members of retail funds run by the big four banks, coming in at 61.4%. Levine said the impact of the fall in stock valuations as a result of COVID-19 along with the government's ...

T. Rowe Price names new executive

ELIZA BAVIN  |  WEDNESDAY, 24 FEB 2021
... responsible for leading the firm's growth in the wholesale and family office distribution channels, including the private banks. She will continue to report to head of intermediary Australia and New Zealand Jonathon Ross and will remain based in ...

Fund manager hires distribution director

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... Daniel Bullock and will be a key point of contact for GQG's network of wholesale asset consultants, licensees, private banks and independent wealth firms. At Vanguard, Naidu worked in business development for six years, responsible for retail distribution ...

Aussie dividends slump 40%

KARREN VERGARA  |  MONDAY, 22 FEB 2021
... capping dividends at 50% of profits. From 1 January 2021, APRA lifted the restrictions. "While APRA will no longer hold banks to a minimum level of earnings retention, the onus will be on boards to carefully consider the sustainable rate for dividends ...