Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 741 - 750 of 1807 results for "Bill 2014"

ASIC commences proceedings against Westpac

ALEX BURKE  |  WEDNESDAY, 6 APR 2016
ASIC has commenced legal proceedings against Westpac in the Federal Court in Melbourne for its role in setting the bank bill swap reference rate from 2010 to 2012. ASIC has alleged Westpac engaged in "unconscionable conduct and market manipulation" ...

Bond king left midnight resignation letter

MARK SMITH  |  WEDNESDAY, 6 APR 2016
Bill Gross's 43-year career with PIMCO ended with a handwritten resignation note left "in the middle of the night," according to a new court filing from the fixed income giant. The 'bond king', as he is known, left PIMCO's Newport Beach office for the ...

NAB appoints MD for innovation

ALEX BURKE  |  MONDAY, 4 APR 2016
NAB has appointed the managing director of its $50 million innovation fund, NAB Ventures. Todd Forest was previously chief executive of Clipp, a mobile payments app which allows users to pay a restaurant bill or bar tab with their phone (instead of ...

AMMA adds voice to superannuation choice

KERRIE SYDEE  |  MONDAY, 21 MAR 2016
AMMA (Australian Mines and Metals Association) has welcomed proposed legislation to ensure unions cannot stop Australian employees choosing their own superannuation fund. In response to the Superannuation Legislation Amendment (Choice of Fund) Bill  ...

FSC salutes choice reforms, ISA calls for more transparency

ALEX BURKE  |  FRIDAY, 18 MAR 2016
The Financial Services Council has applauded new legislation to widen default superannuation fund choice, while Industry Super Australia has said more MySuper fund transparency is required. FSC chief executive Sally Loane supported the Superannuation ...

Employer fiduciary responsibility could halve super fees

MARK SMITH  |  FRIDAY, 11 MAR 2016
Vanguard chairman and chief executive Bill McNabb believes the Australian superannuation system can learn a lot from the US and encourage employers to take a more active role in driving down fees paid by members. The global head of the specialist low ...

ANZ ready to fight ASIC over BBSW

MARK SMITH  |  MONDAY, 7 MAR 2016
ANZ has strongly rejected allegations of rate rigging by the Australian Securities and Investments Commission (ASIC). The regulator last week launched its legal case against the bank in the Federal Court in Melbourne for market manipulation of the bank ...

Labor wants stronger LIF rules

ALEX BURKE  |  FRIDAY, 4 MAR 2016
Legislation based on the Life Insurance Framework doesn't go far enough according to Shadow Minister for Financial Services and Superannuation, Jim Chalmers. Discussing the Corporations Amendment (Life Insurance Remuneration Arrangements) Bill 2016 ...

Parliament passes FoFA amendments

ALEX BURKE  |  THURSDAY, 3 MAR 2016
Several key amendments to the Future of Financial Advice reforms have been passed by parliament. The Corporations Amendment (Financial Advice Measures) Bill will extend the time allowed for advisers to provide opt-in renewal notices and fee disclosure ...

Unconstrained bond funds disappoint in 2015

MARK SMITH  |  WEDNESDAY, 24 FEB 2016
Many unconstrained bond funds failed to meet their benchmarks in 2015, according to research by Lonsec, reflecting a broader struggle for returns as volatility and bearish sentiment seized markets in the second half of the year. Unconstrained funds ...