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Showing 9181 - 9190 of 21783 results for "Dec"

Royal Commission could lead to credit crunch: UBS

ALEX BURKE  |  WEDNESDAY, 28 MAR 2018
Recent UBS commentary suggests one plausible scenario where the knock-on effects of the Royal Commission could lead to a "credit crunch" scenario. In an update co-authored by analysts Jonathan Mott and Rachel Bentvelzen as well as economists George ...

New super fund combats account erosion for young Aussies

JAMIE WILLIAMSON  |  WEDNESDAY, 28 MAR 2018
A new superannuation fund is aiming to address the needs of Australian university students and young professionals. Student Super plans to give young Australians a head start when it comes to superannuation, saying the first decade of super contributions ...

Chief economist update: Just a hiccup in a rising trend

BENJAMIN ONG  |  WEDNESDAY, 28 MAR 2018
Consumers may not be good at predicting Wall Street's direction but they sure do impact overall economic growth. While renewed market volatility continue to put Wall Street to task, Main Street is taking the goings-on in America - fiscal and monetary ...

Managed accounts climb to $57bn

ALEX DUNNIN  |  TUESDAY, 27 MAR 2018
The managed accounts sector climbed 46% last year to reach $57 billion by December 2017, according to the latest Institute of Managed Account Professionals market census. The results show that managed accounts are growing three times faster than other ...

ABA makes new code compulsory

KANIKA SOOD  |  MONDAY, 26 MAR 2018
Retail banks wishing to be members of the Australian Banking Association (ABA) will now have to sign up for its revamped Banking Code of Practice, which is currently awaiting ASIC's nod of approval. The new code will be binding, enforceable by law and ...

OneVue sells SMSF admin business

ALEX BURKE  |  MONDAY, 26 MAR 2018
OneVue has sold its self-managed superannuation administration business. The business was acquired by AMP, via SuperConcepts. SuperConcepts chief executive Natasha Fenech said the acquisition is "consistent with our growth strategy, building the scale ...

Westpac names new Asia-Pacific GM

KANIKA SOOD  |  FRIDAY, 23 MAR 2018
Westpac has chosen a Sydney-based executive as its new APAC general manager. Michael Correa will be responsible for overseeing all of Westpac's business operations and client, partner and regulator relationships in Asia-Pacific in his new role. He will ...

CBA and AUSTRAC agree to mediate

ALEX BURKE  |  FRIDAY, 23 MAR 2018
At the request of both parties, the Federal Court has referred the proceedings between CBA and AUSTRAC to mediation. The Court's decision also requires AUSTRAC to file and serve any reply to CBA's amended response by April 6 and set a timetable for ...

ASIC closes doors on Storm charges with two fines

ALEX BURKE  |  FRIDAY, 23 MAR 2018
Nearly a decade after ASIC began its investigation into Storm Financial, two directors have been fined $70,000 each for breach of duties. Emmanuel and Julie Cassimatis were previously disqualified from managing corporations for seven years. When they ...

Chief economist update: The trend is not our friend

BENJAMIN ONG  |  FRIDAY, 23 MAR 2018
Looking at the Australian Bureau of Statistics' (ABS) latest update on the country's labour market, one couldn't help but exclaim that it was a wonderful set of (seasonally adjusted) numbers. The economy added another 17,500 jobs in February following ...