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| | | Industry superannuation fund Cbus has revealed the annual pay of its executives and directors in its 2014 annual report. The fund's highest paid executive was chief executive David Atkin, who received a total of $580,040 for the year. The second highest ... |
| | | | ... groups and institutions that would be considered draconian in Australia. Illustrating this, last week the CFPB ordered a US bank to provide an estimated US$48 million in financial relief to consumers harmed by illegal billing practices in addition to ... |
| | | | ... financial developments". Got that? "...readings on financial developments". It's quite different across the Atlantic where the Bank of England (BOE) may already have its finger on the trigger as BOE governor Mark Carney explained to his audience at the ... |
| | | | ... the December share price index futures contract was down 35 points at 5,287. Locally, in economic news on Thursday, Reserve Bank of Australia assistant governor (financial system) Malcolm Edey and head of financial stability Luci Ellis, are slated to ... |
| | | | The Reserve Bank of Australia should take action to address the current distortions over investment housing and negative gearing, Australian Unity Investments (AUI) chief executive David Bryant said. Bryant argued that addressing the issues around negative ... |
| | | | Bank-owned retail funds should be forced to roll all their default superannuation members out of high-fee products into low-fee MySuper products, according to the Australian Institute of Superannuation Trustees (AIST). AIST head of executive manager ... |
| | | | Making potentially misleading statements in a product disclosure statement (PDS) has seen National Australia Bank (NAB) get a $10,200 penalty from the Australian Securities and Investments Commission (ASIC). The regulator was concerned that the PDS ... |
| | | | ... affect the Asian trading session on Wednesday with potential impacts on the Aussie market. At 1025 AEST, the Commonwealth Bank had shed 57 cents to $74.72, ANZ had dropped 23 cents to $30.69, National Australia Bank had lost 37.5 cents to $32.165 and ... |
| | | | ... inflation in September to the lowest level since the financial crisis. Locally, in economic news on Wednesday, the Reserve Bank of Australia releases September's index of commodity prices, the Australian Bureau of Statistics (ABS) releases August retail ... |
| | | | ... total return. While the fund is not tied to a benchmark, it is managed to a target return of 4-6% per annum above the UBS Bank Bill Index, net of fees, over rolling three-year periods. The fund invests in a mix of traditional and non-traditional strategies ... |
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