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Showing 671 - 680 of 1481 results for "Aussie"

Banks vow to end grandfathered commissions

KANIKA SOOD  |  WEDNESDAY, 10 OCT 2018
... announcement will put beyond the shadow of a doubt that this practice has no place in Australia's banking industry." Bligh said Aussie banks will proactively contact customers to confirm what advice is required and only charge fees for services that ...

Chi-x opens up access to tech darling Apple

KANIKA SOOD  |  MONDAY, 8 OCT 2018
Alternative stock exchange Chi-x is giving Aussie investors access to international tech stock Apple in partnership with Deutsche Bank. Deutsche Bank has issued a security called transferable custody receipts (TraCRs) that will give Aussie investors ...

Fidelity launches active ETF

KANIKA SOOD  |  FRIDAY, 5 OCT 2018
... eyeing an SMSF-retail type of investor base, as opposed to the 80-20 institutional-retail split that seems to be common for Aussie ETF issuers. In the lead up to the ETF launch, Fidelity bumped down the management fee on the $14 million Fidelity Global ...

Half of Australians don't have a will

KANIKA SOOD  |  THURSDAY, 4 OCT 2018
About 10 million Australians haven't put together a will and run the risk of having their assets divided by the state, new research has found. Comparison website Finder found that of the 52% (9.9 million) who don't have a will yet, 4% say they don't ...

Millennial money changes course after RC

KANIKA SOOD  |  WEDNESDAY, 3 OCT 2018
Aussie millennials are reluctant to consolidate their superannuation or take on risk while investing after six months of Royal Commission revelations, according to new research. Micro-investing platform Raiz Invest found that nearly 58% millennials ...

Elon Musk steps down as Tesla chair

KANIKA SOOD  |  TUESDAY, 2 OCT 2018
... "The outcome [of the SEC charge] could have been much worse," she said. "He is still the chief executive." Outlook for Aussie investors still strong Creagh says Tesla is better placed than its German counterparts trying to compete in the electric vehicles ...

A day of shame for Aussie banks: Bligh

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
Australian Banking Association chief executive Anna Bligh said the Royal Commission's interim report into misconduct in financial services marked a "day of shame" for Australia's banks. Holding a press conference after Commissioner Kenneth Hayne ...

Charities losing $180m a year to gender pay gap

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
... year while men donate 0.34%, according to Koda Capital's snapshot of Australian giving. While the difference looks small, Aussie women are donating more than men from their salaries that are 15% less than what men make. This could be a difference of ...

Glut of underperformance in managed funds: Research

KANIKA SOOD  |  TUESDAY, 25 SEP 2018
Nearly eight-in-ten managed funds in Australia failed to hit benchmark returns over a 10-year horizon, according to new analysis by InvestSMART. The researchers modelled Morningstar data for 5297 manager funds that have a track record of 10 years. They ...

Aussie fund managers face machine learning challenges

KARREN VERGARA  |  TUESDAY, 25 SEP 2018
Australia's investment management firms lag behind Japan when it comes to using machine learning in investment strategies, a new Bloomberg survey shows. The poll of 450 participants comprising traders, portfolio managers, analysts and market data practitioners ...