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

Search Results

Showing 8531 - 8540 of 28277 results for "NOT"

Tech to topple banking: RBA

ALLY SELBY  |  WEDNESDAY, 18 DEC 2019
... facilitating payments. To date, this erosion has been most apparent in emerging market economies where payments systems were not meeting customers' needs," Kearns said. "New payments providers engaging with banks and card companies could reduce the ...

Westpac served class action

JAMIE WILLIAMSON  |  WEDNESDAY, 18 DEC 2019
... issues connected to Westpac's monitoring of financial crime between 16 December 2013 and 19 November 2019. The claim does not identify the amount of any damages sought, Westpac said. The bank will defend the claims, it said. In November AUSTRAC applied ...

Industry veteran arrested

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
... statement to the ASX saying that it is aware of the press coverage in relation to his arrest. "At this stage the company is not in a position to comment about this matter," it said. "The company will provide an update on any material developments as ...

Time-poor advisers to embrace model portfolios

HARRISON WORLEY  |  WEDNESDAY, 18 DEC 2019
... advisers can focus on deepening their relationship with clients, rather than on trading or rebalancing portfolios. "It does not mean opting out of investment responsibilities. Advisers still go through a rigorous process in selecting investments that ...

Chief economist update: Oil's well that ends 2019 well

BENJAMIN ONG  |  WEDNESDAY, 18 DEC 2019
It may not seem like it, but crude oil prices appear on track to finish 2019 around 30% higher. This year to date, WTI oil has risen by 33.4% to US$60.21 per barrel while the price of Brent oil has rallied by 29.2%. To be sure, new production cuts that ...

No joy in the advice world this Christmas

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
... business rapidly diminishing in value destroys them and their family," Daniels said. Self-employed advisers in particular are not being considered by legislators, he said. Years of unrelenting reform has resulted in "changes that primarily mandated modifying ...

AMPFP ceases MDA services

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
... September 2019 confirming that AMPFP had complied with and was complying with the tailored conditions. ASIC said AMPFP did not provide the regulator with an acceptable attestation in relation to its provision of MDA services. "The attestation provided ...

ASIC drags NAB to court for fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... the ASIC Act and the Corporations Act between December 2013 and February 2019 by engaging in fee-for-no-service conduct by not providing financial planning services to a "large number" of customers it was charging fees to. According to ASIC, NAB failed ...

VFMC partners for transformation

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2019
... environment, it requires comprehensive technology solutions that allow investment professionals to focus on their core business, and not be weighed down by legacy systems." "We're proud to welcome VFMC and build on our established team in Sydney by expanding ...

Australians gifted new tech index

ALLY SELBY  |  TUESDAY, 17 DEC 2019
... argued that it was beside the point. "If people want to draw parallels with other stock markets, that's for them to do, not us. We are focusing on building an index that will reflect the tech listings and tech success stories on the ASX over the ...