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Showing 71 - 80 of 239 results for "Magnitude"

Banks, ASIC still at war over fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
... bank's offer was chided by the regulator for also failing to meet the RG256 guidance. Westpac licensees Securitor and Magnitude and NAB's JBWere also copped heat, with both institutions' report cards littered with instances where the three licensees ...

Chief economist update: Prepare for lift-off

BENJAMIN ONG  |  MONDAY, 11 MAR 2019
... growth. Thanks to its semi-peg (dirty float?) versus the US dollar, China's currency didn't suffer the similar magnitude of depreciation as its emerging market peers. But no thanks. Being a crosshair of Trump's trade rifle, China's economy ...

FPA disciplines two members

HARRISON WORLEY  |  MONDAY, 4 MAR 2019
... practice. Matthew Brown, chair of the FPA's Gold Coast chapter committee, from MiQ Private Wealth - whose licensee is the Magnitude Group - has been stripped of his association membership and CFP designation for two years and stood down as chapter chair. ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... along the way. The CBA boss, who was appointed to lead the bank in January this year, said he didn't underestimate the magnitude of turning the bank's culture around. Freedom sold life insurance to intellectually disabled man September saw Freedom Insurance ...

Comyn promises personal accountability

KARREN VERGARA  |  TUESDAY, 20 NOV 2018
... Comyn said a number of actions are in place to remediate past misconduct and added he doesn't underestimate the magnitude of turning the bank's culture around. "As hard as we will try, I'm sure there will be missteps. But I hope [there won't ...

Westpac cops BBSW fine

HARRISON WORLEY  |  MONDAY, 12 NOV 2018
... applied a higher penalty. "If I had been permitted to do so I would have imposed a penalty of at least one order of magnitude above $3.3 million in order to discharge [the objectives of specific and general deterrence]. But I am not free do so," Justice ...

EM investors seek China alternative amid trade war

KARREN VERGARA  |  TUESDAY, 30 OCT 2018
... model in China has long been dependent on credit. The world has never seen a country expand debt at such a rate and magnitude as China." Newly appointed chief executive of Sura's institutional business Pablo Sprenger said an allocation between 10 to ...

Former Westpac adviser ban upheld

KARREN VERGARA  |  FRIDAY, 14 SEP 2018
... going to leave their clients in a worse financial position," he said. Atkins is a former authorised representative of Magnitude Group, a subsidiary of Westpac from 11 May 2015 to 11 December 2015. Prior to that, he worked at AMP subsidiary Genesys Wealth ...

Aussie instos buy ex-US value story

DARREN SNYDER  |  THURSDAY, 26 JUL 2018
... underperformed the competing growth index by 25%. The MSCI World Value Index has also underperformed but not by the same magnitude. "A large part of the underperformance is because US growth has been so strong and a large part of the growth market has ...

Perennial cuts fees for defensive LIC, revises investment strategy

ALEX BURKE  |  TUESDAY, 22 MAY 2018
... announcing that historically the investment mandate has included the carrying a level of protection "sufficient to reduce the magnitude of negative returns during sharp equity market falls." WDE chair Alan Schoenheimer explained: "The initial view was ...