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Showing 11 - 20 of 221 results for "Magnitude"

World Bank warns of a sharp global growth decline

ANDREW MCKEAN  |  WEDNESDAY, 11 JAN 2023
... advanced economies is projected to slow from 2.5% in 2022 to 0.5% in 2023. Over the past two decades, slowdowns of this magnitude have foreshadowed a global recession, the World Bank said. Excluding China, growth in emerging market and developing economies ...

Don't water down YFYS: Grattan Institute

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2022
... unnecessary complexity and cost. The existence of unintended consequences alone does not justify policy change. Their magnitude matters too. Changes that work against the tests broader benefits are unlikely to be in members' interests." It also scoffed ...

RBA lifts cash rate to 1.85%

ANDREW MCKEAN  |  WEDNESDAY, 3 AUG 2022
... future interest rate hikes. Looking forward, the fund manager said: "The market is clearly still trying to navigate the magnitude of interest rate hikes that the RBA needs to deliver to bring inflation back under control whilst being watchful of the ...

Super home buyer scheme fails to move the needle

ANDREW MCKEAN  |  WEDNESDAY, 18 MAY 2022
... of the 2021 price rise, a paltry 4% of the price itself, Dunnin said. Certainly, while anything is helpful, the sheer magnitude of Rainmaker's findings makes clear that at best the super home buyer policy will only help at the margins. Housing as a superannuation ...

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON  |  FRIDAY, 22 APR 2022
... impacted just shy of 10,000 members. Another of the cases involved inadequate fee disclosure by the Westpac, Securitor and Magnitude licensees regarding the ongoing charging of contribution fees. Over eight years it's estimated at least 25,000 clients ...

NAB tops bad advice compensation bill

KARREN VERGARA  |  TUESDAY, 15 FEB 2022
... the highest compensation liability. Coming in second place, Westpac's compensation bill came to $953.3 million. Magnitude Group, Securitor Financial Group, and other Westpac-employed advisers are due to fully remediate customers by the end of March. ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... on advice, ASIC alleges that Westpac's former licensee groups BT Financial Advice, Securitor Financial Group and Magnitude Group charged ongoing contribution fees for financial advice without adequate fee disclosure to about 25,000 customers, amounting ...

GMO launches local climate fund

ELIZABETH MCARTHUR  |  THURSDAY, 7 OCT 2021
... subject in 2010," White said. "Improving economics for clean energy, combined with a growing global awareness of the magnitude of the problem we're up against, will support secular growth in the climate change sector for decades to come." Like the existing ...

Westpac in fresh $87m remediation program

KARREN VERGARA  |  FRIDAY, 2 JUL 2021
... notifications fell through the cracks between 2005 and 2019. The Westpac subsidiaries affected are Securitor Financial Group, Magnitude Group and Westpac Banking Corporation (known as BT Financial Advice). These businesses ceased providing personal financial ...

Global investor confidence suffers

ELIZA BAVIN  |  MONDAY, 1 MAR 2021
... by 16.6 points to 78.1 and 17.5 points to 98.2, respectively. The North American ICI also declined, but by a smaller magnitude, falling 2.8 points to 93.3. State Street Associates head of investor behaviour research Rajeev Bhargava said the contraction ...