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Showing 31 - 40 of 597 results for "MCC"

March inflation drops to 7%

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
The Australian Bureau of Statistics (ABS) has reported a decrease in inflation, with the Consumer Price Index (CPI) falling to 7% in the March quarter. ABS head of prices statistics Michelle Marquardt attributed the decrease in inflation to a fall in ...

Aussies happy with compulsory super: Data

CASSANDRA BALDINI  |  THURSDAY, 13 APR 2023
Australians are firm believers in the superannuation system, with 80% of fund members believing those who are self-employed should also be mandated to contribute. This is a headline result from the Association of Superannuation Funds of Australia (ASFA) ...

Former director charged with fraud

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
The ex-director of Guevara Capital Access and Online Trading Capital has been charged with eight counts of dishonestly obtaining a financial advantage by deception. Mark McCabe appeared in the Downing Centre Local Court last week to receive the penalties. ...

Early super release scheme a mistake: ISA

ANDREW MCKEAN  |  FRIDAY, 17 MAR 2023
Industry Super Australia (ISA) has warned against repeating the early release of super scheme that gave unrestricted access to retirement savings. The early release of super scheme allowed individuals to withdraw up to $20,000 of their retirement savings ...

California to mandate personal finance studies

KARREN VERGARA  |  TUESDAY, 21 FEB 2023
The US state is spending big on financial education and is close to mandating personal finance courses for high school students in a bid to combat financial illiteracy. Assembly Bill 984, introduced by assembly member Kevin McCarty on February 15, would ...

Sun Venture makes first purchase down under

CHLOE WALKER  |  FRIDAY, 10 FEB 2023
The Singaporean investment giant has acquired 50 Miller Street in North Sydney for $148 million, following an expressions of interest campaign in Q3 of last year. The 10-storey block, previously owned by Sydney-based investment manager Sumner Capital ...

Value companies to outperform in 2023: VanEck

ANDREW MCKEAN  |  THURSDAY, 9 FEB 2023
VanEck portfolio manager Cameron McCormack forecasts a bright outlook for value companies in 2023, particularly among Australian equities. "We think value companies are likely to outperform in 2023," McCormack said. "We're entering a period that echoes ...

APRA restructures, appoints new executive directors

CHLOE WALKER  |  WEDNESDAY, 1 FEB 2023
APRA has made changes to the structure and responsibilities of its executive team, making several appointments including a new executive director, superannuation. Last year, APRA promoted Therese McCarthy Hockey and Suzanne Smith to the role of member. ...

Perpetual names planned post-acquisition executive lineup

CHLOE WALKER  |  WEDNESDAY, 30 NOV 2022
Perpetual has revealed the notional appointments for its executive committee, who will lead the combined group following completion of its proposed acquisition of Pendal Group (Pendal). Perpetual chief executive and managing director Rob Adams, who ...

Cost of retirement in lockstep with inflation: ASFA

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
According to the Association of Superannuation Funds of Australia (ASFA), the amount needed for a comfortable retirement has risen again in the September quarter. The ASFA Retirement Standard September quarter 2022 figures show that couples aged around ...