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Showing 9751 - 9760 of 21783 results for "Dec"

ASIC and CBA discussing potential advice problem

EMMA RAPAPORT  |  TUESDAY, 15 AUG 2017
The hits keep coming for Commonwealth Bank with new details of problems within the bank that have cost customers and employees millions of dollars. Hours after the bank was forced to refund more than $10 million for mis-sold consumer credit insurance ...

IFM Investors continues global growth

JAMIE WILLIAMSON  |  TUESDAY, 15 AUG 2017
Institutional fund manager IFM Investors grew its funds under management by 33% over the year to 30 June 2017, now totaling $92.9 billion with 93% of its products and mandates outperforming their objectives. The fund manager raised $18.8 billion from ...

CBA chief executive will stand down

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
Embattled Commonwealth Bank chief executive Ian Narev will retire from the bank by the end of the 2018 financial year, board chair Catherine Livingstone has announced. The decision, said to have been made by the board in conjunction with Narev, will ...

APRA puts super funds on notice

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
The Australian Prudential Regulation Authority will consult on a raft of proposed changes to the superannuation prudential framework, in an effort to lift operation governance practices of regulated superannuation trustees. The proposals were outlined ...

Asset managers need more tech leaders in C-suite

KARREN VERGARA  |  MONDAY, 14 AUG 2017
The asset management industry must do more to have technologists in executive positions and leverage their skills to use technology strategically, rather than see it as a cost centre or an operational function. Research from financial technology company ...

Class and Countplus partner

EMMA RAPAPORT  |  THURSDAY, 10 AUG 2017
Software provider Class inked a partnership with accounting and financial advice network Countplus for the provision of self-managed super funds and wealth accounting software. Countplus practices will now have access to centralised billing and supporting ...

Fatigue and profit-based incentives driving risk culture

JAMIE WILLIAMSON  |  THURSDAY, 10 AUG 2017
Unreasonable levels of work and a need for greater automation of processes could be to blame for heightened risk culture in the financial services sector, according to FINSIA. The industry body's analyses of a study conducted by Macquarie University ...

Wages separate businesses from consumers

BENJAMIN ONG  |  THURSDAY, 10 AUG 2017
Not happy Jan! This is the collective cry of Australian consumers according to the latest Westpac-Melbourne Institute consumer sentiment survey. Yet only a day before, the NAB business survey showed that business conditions in July were at their best ...

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
Commonwealth Bank confirmed in its annual results presentation that third parties are discussing an acquisition of the bank's life insurance business. Describing CommInsure as a "strong business with scale, expertise, competitive products and access ...

Inflation: Cost-pushed and demand-pulled

BENJAMIN ONG  |  WEDNESDAY, 9 AUG 2017
If anything, the National Australia Bank's July business survey added credence to the Reserve Bank of Australia's optimistic take on the outlook for economic activity in the country, but not inflation which it expects "to pick up gradually as the economy ...