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Showing 9481 - 9490 of 28277 results for "NOT"

AMP leaks $1.8bn, names new CFO

HARRISON WORLEY  |  THURSDAY, 2 MAY 2019
... the company's best interests. "Since the sale agreement in October, our financial results have reinforced that AMP is not the best owner of a life insurance business with higher capital requirements and earnings volatility," Murray said. "Indeed ...

ASIC suspends advice group AFSL

ELIZABETH MCARTHUR  |  THURSDAY, 2 MAY 2019
... cancelled along with the FSL at the end of March, for failure to maintain competence to undertake credit activities and for not complying with credit legislation. The former managing director of AWSM, Jayesh Kasim, is now managing director at Valenta ...

Chief economist update: Policy of patience

BENJAMIN ONG  |  THURSDAY, 2 MAY 2019
... from 2.4% was just a "technical adjustment" intended to keep the Fed funds rate within its current target range and "does not reflect any shift in the intended stance of monetary policy," financial markets aren't too convince. This hasn't stopped ...

APRA self-assesses shortcomings

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2019
... tenure periods, while some showed "a lack of regard" for the standard. Implementing the fit and proper standard (SPS 520) has not completely led to finding quality individuals in key positions, APRA said. Many RSEs approach it as a "compliance exercise" ...

Admin change leaves super fund members in the dark

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2019
... it was switching administrators, members have been left in the lurch with technical difficulties. Members of CareSuper have not been able to log into accounts, change options, turn insurance on or off or even check balances, for about a month now. Access ...

Westpac reveals Magnitude, Securitor adviser remediation

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
... representatives and their customers to determine where a payment should be provided, noting the final cost of remediation would not be known until all relevant details were available and payments had been made. The group's remediation approach is ...

Chief economist update: S&P raises Duterte ratings

BENJAMIN ONG  |  WEDNESDAY, 1 MAY 2019
... president Rodrigo Duterte's preferred senatorial and congressional candidates lead the opposition's bets, despite not so subtle pulpit "electioneering" by leaders of the Catholic Church in this predominantly Catholic country (81.4% of the population ...

Big banks forced to cut costs: Perennial Value

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 MAY 2019
... manager Andrew King, who said ongoing efforts to remediate customers will have an impact, adding: "The outlook for the banks is not good at the moment in the sense that revenue is muted because loan growth is slow." King referred to recent news Commonwealth ...

Former Labor senator joins Sargon

HARRISON WORLEY  |  TUESDAY, 30 APR 2019
... focus in this next stage of my career," Conroy said. "Sargon is an exciting, homegrown fintech company. It's independent and not beholden to or aligned with a financial institution, or any particular retail or industry fund. It's not burdened by legacy ...

Super startup to relaunch

HARRISON WORLEY  |  TUESDAY, 30 APR 2019
... FairVine in May, according to its website. Human Super attempted to rebrand as BeSuper late last year, however the project did not continue. Instead, Human Super's co-founder and several of the startup's employees claim on their personal LinkedIn ...