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

Search Results

Showing 801 - 810 of 2995 results for "Problem"

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 28 NOV 2018
AMP has issued a clarifying statement following interim chief executive Mike Wilkins' testimony to the Royal Commission that the fees-for-no-service issue was initially expected to cost $1.2 billion and take nine years to remedy. He also flagged ...

ANZ lambasted for breach reporting delays

KARREN VERGARA  |  WEDNESDAY, 28 NOV 2018
ANZ is the slowest and an "outlier" among the major banks to report significant breaches, the Royal Commission heard this morning. ANZ chief executive Shayne Elliott couldn't justify why the bank took 213 days to report significant breaches (despite ...

Culture dominates shareholder engagement

KARREN VERGARA  |  TUESDAY, 27 NOV 2018
As the Royal Commission sharpens its focus on accountability and corporate culture, an institutional investor says these two issues will now shape conversations with boards more than ever. SSGA senior managing director Susan Darroch said the significant ...

Chief economist update: Is TLTRO III coming?

BENJAMIN ONG  |  TUESDAY, 27 NOV 2018
... on the near-term growth profile. There was evidence that uncertainties surrounding trade were affecting business." The problem is that the growth slowdown appears to be gaining momentum. After growing at a quarterly rate of 0.7% in each of the four quarters ...

Increase adviser standards sector-wide: FSU

JAMIE WILLIAMSON  |  FRIDAY, 23 NOV 2018
The new professional standards imposed on financial advisers should be rolled out across the entire financial services sector. That is the view of the Finance Sector Union which said a process of professionalisation should extend to other occupations ...

Antipodes Partners expands team

KANIKA SOOD  |  WEDNESDAY, 21 NOV 2018
The global equities boutique has added a former Platinum Asset Management analyst to its team, and is hiring for other roles. Alison Savas is taking on the role of client portfolio manager and will interact with advisers and investors on technical enquiries ...

Chief economist update: Thanks for nothing

BENJAMIN ONG  |  WEDNESDAY, 21 NOV 2018
America's Thanksgiving celebration is only two winks away but the way the US equity market is going, investors have nothing to give thanks for. Three of Wall Street's benchmark equity indices are now in the red for the year - S&P 500 down 1.2% ...

Government allows domestic violence victims early super access

HARRISON WORLEY  |  TUESDAY, 20 NOV 2018
Domestic violence victims will get early access to their superannuation. Delivering the Women's Economic Security Statement at the National Press Club today, Minister for Jobs and Industrial Relations and Minister for Women, Kelly O'Dwyer announced ...

Chief economist update: Finding neutral

BENJAMIN ONG  |  TUESDAY, 20 NOV 2018
... inflation and voila, we get the 3% neutral rate. But what if it's lower or higher than 3%? Then, Houston, we have a problem. Clarida and Powell's statements wouldn't mean nothing (yeah, I know double negative, but I've always wanted to ...

Special Report: Hitting new ETF goals

KARREN VERGARA  |  FRIDAY, 16 NOV 2018
... things - the first of which is liquidity. The absence of liquidity in the defensive part of portfolios poses a "serious problem" for investors. "Secondly, investors can't afford to give away returns to fees or bid-ask spreads in what is already a ...