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

Search Results

Showing 971 - 980 of 4056 results for "LIT"

Chief economist update: Steady as it was, steady it will be

BENJAMIN ONG  |  WEDNESDAY, 29 JAN 2020
It could have been because it happened at the same time that the coronavirus was making the headlines, or because financial markets widely expected it, or a bit of both, but the European Central Bank's (ECB) first Governing Council meeting for 2020 ...

Stamping fees consultation kicks off

KANIKA SOOD  |  TUESDAY, 28 JAN 2020
... front-ran the scrutiny into stamping fees when it chose to skip paying commissions to brokers and advisers while raising for a LIT that replicates the strategy of the Magellan High Conviction Fund. Magellan, at the time said, would not appoint a broker ...

VanEck launches first active ETF

KANIKA SOOD  |  TUESDAY, 28 JAN 2020
... commissions to brokers/advisers unlike LICs and LITs, which will be subject to a Treasury consultation announced yesterday. "LIT structures are in the best interest of fund managers...We are saying there a lot of good income options in the ETF space," ...

Green light for $1b Cbus tower

ELIZA BAVIN  |  FRIDAY, 24 JAN 2020
Cbus Property has received approval from the Victorian government for a new $1 billion office tower in Melbourne's CBD. The permit-approved development will be known as 435 Bourke Street and will comprise 59,000 square metres of office space across ...

Your Super, Your Choice debate heats up

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
The Financial Services Council and the Australian Institute of Superannuation Trustees aired some grievances about the planned Your Superannuation, Your Choice legislation. FSC chief executive Sally Loane said while the FSC broadly supports the new ...

Class action accuses CFS of dodgy insurance fees

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
Shine Lawyers today filed a class action against Colonial First State alleging that hundreds of thousands of Australians were charged excessive insurance premiums. The action alleges CFS, as Commonwealth Bank's superannuation provider, put members into ...

Viridian opens new offices

KANIKA SOOD  |  WEDNESDAY, 22 JAN 2020
In some pre-holiday spending, Viridian Advisory over 20 new offices in November, and is looking to launch a mobile app in 2020, says chief executive Glenn Calder. The new locations will house advisers that Viridian picked up last year when it acquired ...

Analysts remain wary as ASX breaks 7000

ALLY SELBY  |  FRIDAY, 17 JAN 2020
The S&P/ASX 200 Index has broken the 7000 mark following news of Trump and China finally signing a trade deal, but analysts remain wary of the new record high. The Index gained 47 points on Thursday to finish at 7041.8, setting a new record high for ...

Most traded stocks, ETFs of 2019 revealed

ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
Saxo Markets has shared the most traded stocks and ETFs amongst its Australian clients in 2019 - with Vanguard coming out on top. When it came to the most traded ETFs by Saxo clients, Vanguard's Australian Shares Index ETF proved the most popular amongst ...

Goldman Sachs $1b corruption bill

ELIZA BAVIN  |  THURSDAY, 16 JAN 2020
Goldman Sachs has taken a fresh US$1 billion blow to its quarterly profit, as the bank foots the litigation bill for its involvement in the ongoing 1MDB corruption scandal. The US-based bank posted quarterly revenue of US$9.96 billion, beating expectations ...