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

Search Results

Showing 781 - 790 of 4821 results for "Big 4"

Liberal senator slams super

ELIZA BAVIN  |  FRIDAY, 28 AUG 2020
A Liberal senator launched an attack against the superannuation industry, accusing the federal opposition of being communists and bowing to industry funds. A war of words broke out in the upper house yesterday when Liberals, who have been working for ...

Heine family sells Netwealth shares

KANIKA SOOD  |  THURSDAY, 27 AUG 2020
The Heine family took advantage of Netwealth's strong results and buoyant share price yesterday to sell down about $76 million worth of shares in the company -- a tiny sliver of their expansive holding. The sale of 5.5 million shares was across ...

Chief economist update: Japan economy tanks depsite looser restrictions

BENJAMIN ONG  |  THURSDAY, 27 AUG 2020
If a technical recession is defined as two successive quarters of negative growth, what do you call a period where the economy contracts for three straight quarters... and counting? Japan may have imposed less stringent coronavirus containment measures ...

Australian Ethical benefits from seismic cultural shift

ALLY SELBY  |  WEDNESDAY, 26 AUG 2020
Australian Ethical has seen almost 10,000 new members invest in its super and managed funds offerings in the past financial year, while institutional players - including other super funds - have also been knocking at the door. "We are fielding calls ...

Dividend cuts not as bad as expected

KANIKA SOOD  |  FRIDAY, 21 AUG 2020
Most people expected dividends to fall by 30% this year, but company payouts this earnings season have been decent, says Ausbil. Ausbil's Michael Price, who manages its active dividend income fund, said in general, the firm has been pleasantly surprised ...

Pengana sales manager lands distribution gig

ALLY SELBY  |  THURSDAY, 20 AUG 2020
A former Pengana Capital national sales manager for private banking and wealth has found his feet after moving to sunny Queensland, landing a new role as the head of distribution at two boutique funds management companies. Alex Keen has nabbed the role ...

ANZ posts profit, announces dividend

ELIZA BAVIN  |  WEDNESDAY, 19 AUG 2020
ANZ has announced an unaudited statutory profit for the third quarter of $1.32 billion and an interim dividend of 25 cents per share, fully franked. The bank reported an unaudited cash profit from continuing operations of $1.5 billion, with chief executive ...

Westpac ditches dividend

ELIZA BAVIN  |  TUESDAY, 18 AUG 2020
Westpac has become the first of the big four banks to not deliver a dividend in its first half results as it reported a net profit of $595 million and revealed it anticipates further enforcement action from ASIC. Westpac chief executive Peter King said ...

ACSRF, NGS Super explore merger

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
The two industry funds have signed a memorandum of understanding and will begin due diligence to explore a merger that could create a $21.5 billion superannuation fund. The $9.5 billion Australian Catholic Superannuation and Retirement Fund and the ...

Industry veterans launch dealer group

ALLY SELBY  |  MONDAY, 17 AUG 2020
Two advice industry stalwarts have launched a new dealer group promising to save advisers time and money. Finchley & Kent opened for business on July 1 after four years of development by co-founders Sam El Shammaa and Phil Alexander. While they acknowledge ...