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

Search Results

Showing 9101 - 9110 of 28277 results for "NOT"

VGI Partners readies $1bn Asian fund

KANIKA SOOD  |  MONDAY, 5 AUG 2019
... says it won't be establishing an unlisted fund for the Asian strategy. If the LIC raises $500 million, VGI will commit to not raising any additional capital for the next three years. It intends to take a $20 million cornerstone shareholding itself ...

AMP MDA constraints frustrate advisers

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
... management, internal dispute resolution systems and record keeping capabilities necessary to properly execute an MDA. It is not known when the licence conditions may be lifted. ASIC commissioner Danielle Press said at the time the conditions were imposed ...

Chief economist update: Fed cut and Trump's war

BENJAMIN ONG  |  MONDAY, 5 AUG 2019
... policies in response. But as The Economist printed (in its discussion of the Fed's interest rate cut): "A further cut would not be universally welcome. Catherine Mann of Citigroup, a bank, is sceptical that the latest round of monetary easing will ...

Super fund awards Australian equity mandate

ELIZABETH MCARTHUR  |  FRIDAY, 2 AUG 2019
... Currie to manage a mandate for its retirement-focused equity income strategy. The amount to be overseen by Martin Currie was not disclosed though State Super senior investment manager Andrew Huang described the mandate as large. Huang said: "We are focused ...

Document leak puts NAB under the pump

HARRISON WORLEY  |  FRIDAY, 2 AUG 2019
... oversight of risk and issues through the group risk return management committee (GRRMC) was mature and well managed, the ELT had not applied "sufficient intensity and urgency to a number of long-standing issues and known weaknesses." The bank's executive ...

Former adviser cops 20-year prison sentence

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2019
A former financial adviser in the US will spend the next 20 years behind bars after defrauding retiree investors of $30 million, some of which was used to fund religious ceremonies to ward off federal investigators. Dawn Bennett of Maryland was this ...

Unfair contract terms extended to insurance

KARREN VERGARA  |  FRIDAY, 2 AUG 2019
... are protected against UCTs that would cause a "significant imbalance in their rights and obligations" under a contract; are not reasonably necessary to protect the business, and would cause detriment (financial or otherwise) to a consumer. In recommendation ...

Willis Towers Watson buys Aussie broker

KRISTI CHENG  |  FRIDAY, 2 AUG 2019
... indemnity) and environmental. Baker McKenzie acted for Willis Towers Watson in the deal, whose terms of transactions were not disclosed.

Mercer slams Grattan Institute

HARRISON WORLEY  |  FRIDAY, 2 AUG 2019
... concluded the think tank's work in the politically-charged arena was "very misleading" and made several assumptions "that were not realistic for the average Australian." Specifically, Mercer said Grattan's assertions were founded upon flawed ...

AFA, FPA slam haste in ending grandfathered commissions

KRISTI CHENG  |  FRIDAY, 2 AUG 2019
... the lack of guidance for impacted advisers". AFA chief executive Philip Kewin expressed his concern that the government has not provided a mechanism for exemptions where the client is better off in their current arrangement, and also hasn't given ...