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Showing 91 - 100 of 100+ results for "Fed"

ASIC takes action against Rest

JAMIE WILLIAMSON  |  TUESDAY, 2 MAR 2021
The corporate regulator has commenced civil proceedings against the industry superannuation fund for misleading and deceiving members in relation to switching super funds. ASIC has taken Federal Court action against Rest for false or misleading representations ...

ASIC drags CommSec to court

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
ASIC has commenced civil proceedings against CommSec and AUSIEX in the Federal Court. CommSec overcharged brokerage fees to customers on 120,933 occasions totalling $4,352,194 between August 2010 and February 2020, ASIC alleges and CommSec has admitted. ...

Industry fund ups life insurance premiums

JAMIE WILLIAMSON  |  MONDAY, 1 MAR 2021
Members of a $6.7 billion industry superannuation fund will soon see their group insurance premiums rise. LUCRF Super has informed members the cost of death and total and permanent disability, and death only cover as provided by OnePath will go up on ...

Chief economist update: Fed fights back bond bears

BENJAMIN ONG  |  MONDAY, 1 MAR 2021
... What's the point of increased transparency and forward guidance in financial markets - the bond market, in this case - if the Fed and other central banks' have made it clear that it will take some time before there is any movement towards inflation ...

Challenger names chief financial officer

ANNABELLE DICKSON  |  MONDAY, 1 MAR 2021
A former BT Life Insurance head of product and sales has taken on the role, following the resignation of Andrew Tobin last year . Rachel Grimes spent over 20 years at Westpac in several senior finance roles including director of mergers and acquisitions ...

Chief economist update: The cloud over the rainbow

BENJAMIN ONG  |  FRIDAY, 26 FEB 2021
... reflation, rotation and taper talks emerged way back in 2013. But you, I and Irene know what happened thereafter Virginia. The Fed didn't push through with its taper - after the bond market protested and the equity markets dropped. It didn't happen overnight ...

Retirement income framework on track: Frydenberg

KARREN VERGARA  |  FRIDAY, 26 FEB 2021
The Federal Treasurer is confident that the Retirement Income Covenant will go ahead in mid-2022 despite several issues that need to be ironed out. In addressing the 2021 Council of the Ageing (COTA) National Policy Forum on Retirement Income this morning ...

Remains of Melissa Caddick found

ELIZABETH MCARTHUR  |  FRIDAY, 26 FEB 2021
A foot in a shoe has been identified as belonging to missing woman Melissa Caddick, the woman who claimed to be a financial adviser and is the subject of an ongoing ASIC investigation. The human remains were discovered on a beach on the NSW South Coast ...

ASIC takes NAB to court

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
The corporate regulator has taken NAB to the Federal Court, alleging the bank wrongly charged customers fees for at least 12 years. The regulator yesterday filed initial documents with the Federal Court's Queensland registry, seeking orders that NAB ...

Chief economist update: Wall Street can't have its cake and eat it

BENJAMIN ONG  |  WEDNESDAY, 24 FEB 2021
... same time wishing, hopin' and prayin' for Biden's US$1.2 trillion fiscal stimulus package passes and that the Fed continue to maintain loose monetary policy ... sans inflation. But to quote the title of the 2003 American romantic comedy film ...