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Showing 1 - 10 of 2899 results for "Times"

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... the whole point of what we're saying to trustees. That's what they're here for and they need to move with the times and keep pace," she said. "It's 2024. Use your information, use your digital wherewithal in the digital age to do the ...

Almost one third fail adviser exam

KARREN VERGARA  |  TUESDAY, 30 APR 2024
... according to ASIC, with 21,102 candidates sitting the exam to date. Those who keep failing the exam can resit it as many times until they pass. Nearly 20,000 or 92% of candidates who have sat the exam have passed, demonstrating they have the skills to ...

Top 10% of households home to 15 times more wealth

JAMIE WILLIAMSON  |  FRIDAY, 19 APR 2024
The average household wealth of Australia's richest 10% increased by 84% in the past 20 years, while that of the lowest 60% increased significantly less. A new report from ACOSS and UNSW Sydney's Poverty and Inequality Partnership - titled Inequality ...

Income inequality elevated, spikes: Oxfam

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... separate Oxfam study reveals that billionaires are US$3.3 trillion richer than in 2020, with their wealth growing three times faster than the rate of inflation. Despite representing just 21% of the global population, rich countries in the north own 69% ...

IMF flags concerns over 'risky' private credit market

ELIZA BAVIN  |  TUESDAY, 9 APR 2024
... transparent market) shows that, despite having lower credit quality, private credit assets tend to have smaller markdowns during times of stress." The IMF said that while private credit fund leverage appears to be low, there is potential for multiple ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... service quality issues; and 62% accounted for administration error complaints. Bypassing IDRs has consequently aggravated wait times in AFCA allocating caseworkers to complainants. "We have increased our caseworker resources to assist in managing our ...

Powell confirms rate cuts likely 'at some point' this year

ELIZA BAVIN  |  THURSDAY, 4 APR 2024
... malls, as landlords mark rents up to better reflect economic reality and the strong inflation we've experienced in recent times."

Wealth firm gears up to change administrator

ANDREW MCKEAN  |  TUESDAY, 2 APR 2024
... delivering a new online communication and messaging service, ultimately increasing efficiency and decreasing processing times on requests," Constable said. While the data migration will result in fee reductions for some members, the "ultimate goal" is ...

Australian private capital industry surges 33%

ELIZA BAVIN  |  TUESDAY, 2 APR 2024
... Preqin's database. The number of Australia-based family offices tracked by Preqin to be actively investing is now eight times the number it was over the same period. The report also found higher interest rates increased pressure on margins for private ...

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
... had made representations that were false or misleading." Today, Justice O'Bryan found Vanguard broke the law numerous times, breaching the ASIC Act when it made representations about the screens it was applying to the fund. This was to have occurred ...
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