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Chief economist update: The power of one

BENJAMIN ONG  |  TUESDAY, 28 MAY 2019
... Regulations Authority's (APRA) announcement it is ditching its minimum 7% serviceability interest rate banks are required to apply when lending to borrowers (on top of doing away with its restrictions limiting banks' loans to 30% of new interest-only ...

Chief economist update: Like Britney Spears, Financial Standard's done it again

BENJAMIN ONG  |  THURSDAY, 23 MAY 2019
... Regulations Authority's (APRA) announcement it is ditching its minimum 7% serviceability interest rate banks are required to apply when lending to borrowers (on top of doing away with its restrictions limiting banks' loans to 30% of new interest-only ...

MLC Life wins group insurance mandate

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
... and members, as well as advisers and customers," he said. Maritime Super members will be able to benefit from LifeView; to apply for and increase their cover online, and lodge and track the progress of claims; while trustees can access real-time data ...

Blue Sky enters receivership

KANIKA SOOD  |  MONDAY, 20 MAY 2019
... at March 31 and it was talking to Oaktree to vary or restructure the covenants. The appointment announced today doesn't apply to Blue Sky Alternative Access Fund (ASX: BAF) or other subsidiaries. BLA was suspended from trading on the ASX following the ...

ASIC to strengthen complaints handling

ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
... firms and ultimately consumer outcomes and fairness of the financial system. And transparently so. These standards will also apply in their entirety to all APRA regulated superannuation funds," Chester said. ASIC conducted research into how consumers ...

NZ$5 trillion investor group supports Christchurch Call

ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
NZ Super's initiative to pressure social media companies and governments to eliminate terrorist content online has achieved a new milestone, reaching NZ$5 trillion in assets under management and throwing its weight behind a new movement. At a summit ...

Aberdeen Standard hires ESG investment director

KARREN VERGARA  |  WEDNESDAY, 15 MAY 2019
... head of stewardship and ESG investment Euan Stirling. Commenting on his appointment, Hartnett said: "The opportunity to apply my experience with an asset manager that has such a strong heritage and commitment to ESG is extremely motivating." "I now look ...

ASIC pushes regtech adoption

ELIZABETH MCARTHUR  |  TUESDAY, 14 MAY 2019
ASIC has launched three regtech events in conjunction with industry and other stakeholders to promote regtech adoption among Australian financial services organisations. These events are an opportunity for regtech startups and financial services organisations' ...

Midwinter acquires InvestmentLink

ELIZABETH MCARTHUR  |  TUESDAY, 14 MAY 2019
... Plummer said. Bringing InvestmentLink in-house has a number of benefits for advisers, including the ability for Midwinter to apply pressure on platforms to increase resources to their data feed teams, he said.

Chief economist update: The (trade) war is back on

BENJAMIN ONG  |  MONDAY, 13 MAY 2019
... minute, nothing would get done." - Rita Mae Brown. This famous quote might be true in general, but it certainly didn't apply to the 11th hour, last minute trade negotiations between the United States and China on the May 9 that resulted in a no deal. ...