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Showing 7301 - 7310 of 20555 results for "BEN"

Equity Trustees appointed RE for boutique

DARREN SNYDER  |  MONDAY, 24 JUL 2017
A staff-owned Brisbane investment manager appointed Equity Trustees as the Responsible Entity for an Australian equities fund. Boutique manager Pentalpha selected Equity Trustees as the RE for its Income For Life Fund - a high-yield, low volatility ...

Government paves the way for open banking

EMMA RAPAPORT  |  FRIDAY, 21 JUL 2017
Third parties could soon be given greater access to banking data under a proposed open banking system regime. The regime, announced for review by Federal Treasurer Scott Morrison yesterday, will seek to open up consumer and third party access - with ...

Good jobs, sluggish pay

BENJAMIN ONG  |  FRIDAY, 21 JUL 2017
Although not completely gangbusters, the latest Australian labour market update provided another justification for the optimism and seemingly hawkish turn the Reserve Bank of Australia (RBA) conveyed in the minutes of its 4 July board meeting. The Australian ...

Adviser group expands national footprint

KARREN VERGARA  |  THURSDAY, 20 JUL 2017
Boutique Sydney wealth management firm Affinity Group acquired a stake in a Brisbane financial planning practice, boosting its funds under advice to more than $500 million. Affinity bought 50% of Hillross Financial Services, a Brisbane-based firm established ...

New executives to drive NGS Super growth

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2017
... attitude," NGS chief executive Anthony Rodwell-Ball said. NGS has also appointed its first chief risk and governance officer in Ben Facer. Facer has been a partner with Deloitte Actuaries & Consultants for more than five years, prior to which he spent ...

The bull and bear market in iron ore

BENJAMIN ONG  |  THURSDAY, 20 JUL 2017
Iron ore continues the uptrend that started in mid-June, reaching US$70.24 a tonne overnight. For the technically inclined, this puts iron ore in a bull market - defined as a 20% increase from its nearest bottom - that should encourage further prices ...

Government shows commitment to funds management

EMMA RAPAPORT  |  WEDNESDAY, 19 JUL 2017
Australian fund managers could see additional offshore funds flow into the sector following the Federal Government's commitment to clarify two key pieces of taxation policy. Announced by Minister for Revenue and Financial Services Kelly O'Dwyer this ...

Industry fund makes social impact investment

EMMA RAPAPORT  |  WEDNESDAY, 19 JUL 2017
An Australian-first suburban village designed to recreate real life experiences for those living with dementia has been given a $19 million kick-start by an industry superannuation fund. The investment was made through HESTA's $30 million Social Impact ...

APRA sets new capital target for the big four

ALEX BURKE  |  WEDNESDAY, 19 JUL 2017
APRA has raised the CET1 capital ratios for the big four banks to meet the "unquestionably strong" benchmark outlined in the Financial System Inquiry. By 1 January 2020, the big four will need to achieve a CET1 capital ratio of at least 10.5%. APRA ...

Jump goes the Aussie

BENJAMIN ONG  |  WEDNESDAY, 19 JUL 2017
Here we go again, extrapolating as we go. After projected to fall to US$0.70 (or less) only last month, the tide has turned for the Australian dollar after it jumped to a 26-month high versus the greenback to US$0.7933. It's now extrapolated to keep ...