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Showing 671 - 680 of 975 results for "Essential+"

IRESS to buy data provider for $14m, hire 118 staff

ALEX BURKE  |  WEDNESDAY, 14 SEP 2016
IRESS has entered into an agreement to acquire a South African market data and analytics provider. Subject to commercial arrangements, IRESS will acquire INET BFA for $14 million; the company is currently owned by publisher Media24. Following the purchase ...

Unclear disclosure leads to $20 million in refunds

JAMIE WILLIAMSON  |  THURSDAY, 8 SEP 2016
Westpac has been forced to refund approximately $20 million in wrongfully charged credit card fees. The bank recently reimbursed around 820,000 customers after it failed to clearly disclose the types of credit card transactions that attract foreign ...

Capital not enough to prevent failures

KERRIE SYDEE  |  WEDNESDAY, 31 AUG 2016
A lone reliance on capital is an "unwise strategy", according to APRA chair Wayne Byres who said the industry must accept and prepare for failures in the banking industry. Speaking at the Actuaries Institute Banking Conference Byres noted that while ...

Managed accounts to disrupt fund businesses to the tune of $60bn

MICHELLE BALTAZAR  |  THURSDAY, 25 AUG 2016
The managed accounts industry is tipped to hit $60 billion by 2020, heavily disrupting traditional asset manager business models and driving the growth of financial advice groups, according to Morgan Stanley Research. In an extensive 75-page broker ...

Combination of fiscal and monetary policy essential for Japan

KERRIE SYDEE  |  FRIDAY, 19 AUG 2016
Japan must look to a combination of fiscal and monetary policy if it wishes to achieve the structural reform as set out in the third arrow of Abenomics, according to QIC Shocking global markets with the announcement of negative cash rates in late January ...

Financial services stalwart backs robo-adviser

JAMIE WILLIAMSON  |  WEDNESDAY, 17 AUG 2016
A financial advice industry magnate has affirmed his support of robo-advice, investing in automated advice provider Ignition Wealth. Count Financial founder Barry Lambert said his desire for a cost-efficient and effective solution has driven his backing ...

Terms of reference released for complaints system review

KERRIE SYDEE  |  MONDAY, 8 AUG 2016
The federal government has released the terms of reference for the independent review into the financial system's external dispute resolution and complaints framework. The independent expert panel consisting of Professor Ian Ramsay (chair), Julie Abramson ...

ATO on phoenix watch

DARREN SNYDER  |  MONDAY, 1 AUG 2016
The Australian Taxation Office is continuing its crackdown on illegal phoenix activity, including unpaid superannuation, following the recent execution of six search warrants on the Gold Coast. The ATO said the six warrants were executed through the ...

Super platform goes for gold

DARREN SNYDER  |  THURSDAY, 28 JUL 2016
A new retail superannuation platform partnership will mean members no longer have to be in an SMSF should they wish to own and invest in physical gold. The Cor Capital Fund - a diversified managed investment scheme with an allocation to physical gold ...

PROFILE: Metlife chief executive Deanne Stewart

KERRIE SYDEE  |  FRIDAY, 22 JUL 2016
A born leader, Deanne Stewart, chief executive of MetLife Australia, has both a love of numbers and desire to help others, two things that have driven her commitment to creating change in the financial services industry. Stewart says she has always ...