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Showing 141 - 150 of 11078 results for "May"

Listed companies drive economy's momentum: ABDO

KARREN VERGARA  |  THURSDAY, 21 MAR 2024
... discretionary companies, the banks and even REITs did well, he said. The mining sector, however, is the laggard. While it may have fallen out of favour with some investors, Bruce sees a "good absolute value opportunity" in the resources sector. "Our ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... was filed against BT Funds Management as trustee of BT Super, while IG Markets was the target of two class actions filed in May 2023. Overall, the number of class actions filed in 2023 were the second highest of all time. As for where the risks lie in ...

Third person pleads guilty in Courtenay House Ponzi scheme

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
... being unlicensed. Sipina has become the third person to plead guilty to criminal charges associated with Courtenay House. On 8 May 2023, Athan Papoulias, a former contractor of Courtenay House, was sentenced to two years' imprisonment which will be served ...

Investors being influenced by the 'Powell pivot'

ELIZA BAVIN  |  WEDNESDAY, 20 MAR 2024
... bfinance clients in 2023 targeted investment grade strategies, up from 13% the previous year," the report said. "Investors may not always be aware of the extent to which [investment grade credit] managers employ riskier securities, both in and off-benchmark." ...

Markets, economies benefit from eustress: ABDO

KARREN VERGARA  |  WEDNESDAY, 20 MAR 2024
... might take more than stopping inflation to see consumer-led recovery," he said. The rapid increase in interest rates since May 2022 from 0.10% to today's 4.35% has sparked worrying levels of stress for individuals and businesses and speaks to the cost ...

Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... accordance with existing tax law concepts," it said. "Conversely, a member with a total superannuation balance of $3.5 million may have no taxable income under the existing tax law concepts but would still be liable for taxation under Division 296. "It ...

Interest rate cut may not come until 2025, experts warn

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... Bank of Australia (RBA) is expected to keep interest rates on hold at 4.35% today but hopes for a rate cut around the corner may be off the table. In this month's Finder RBA Cash Rate Survey, 41 experts and economists weighed in on what to expect from ...

AustralianSuper engages TAL to create retirement option

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... what their retirement journey they have the certainty of an income for life through a longevity product. While for others it may be something else entirely." Blackmore said AustralianSuper's retirement income strategy identified a cohort of members who ...

Mayfair 101 regains control of assets, liquidators abandon claims

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
... Mayfair 101 resumes control of more than two-thirds of the assets previously alleged to have been misappropriated," it added. In May 2020 the IPO Wealth Fund's trustee, Vasco Trustees, appointed receivers and alleged that Mawhinney had transferred ...

Majority comply with IDR reporting: ASIC

KARREN VERGARA  |  MONDAY, 18 MAR 2024
... is a way for ASIC to obtain a record of how many complaints are made to each licensee, Anderson added, noting the regulator may use it to identify where potential weaknesses are. ASIC said that it collects and ultimately publishes IDR reports to "give ...