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Showing 111 - 120 of 1304 results for "Surprise"

Inflation rises to 6.8%

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... strategy is working." Bloxham explained the figures are likely to provide the RBA some "ex-post justification" for its surprise 25bp hike in May. "Which seemed to reflect a shift in the RBA's view of the balance of risks around the inflation outlook ...

HCF Life under ASIC surveillance

CASSANDRA BALDINI  |  FRIDAY, 12 MAY 2023
... insurance contracts, ASIC's current focus on enforcement action concerning unfair contract terms should not come as a surprise," she said. "Rather, it should serve as a reminder to providers of financial services, whose contracts are subject to the ...

What you need to know about the 2023-24 budget

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
Cost of living pressures and the transition to clean energy took centre stage on federal budget night as the Labor Party unveiled a package of measures in response to mounting economic uncertainties. Federal treasurer Jim Chalmers delivered the 2023-24 ...

Reserve Bank raises cash rate to 3.85%

JAMIE WILLIAMSON  |  TUESDAY, 2 MAY 2023
... Price's Scott Solomon. Equally, State Street Global Markets head of APAC macro strategy Dwyfor Evans described it as a surprise move. "Inflation remains high relative to target, but the softer core inflation released last week gave the bank some ...

Alternatives investors await more corrections: Research

KARREN VERGARA  |  WEDNESDAY, 22 MAR 2023
... assets are overvalued, an increase from 69% year on year. They predict that a correction is imminent. "It comes as no surprise that historic low borrowing costs and a flush of liquidity has driven valuations higher, but with current interest rates rising ...

Wealth managers bracing for compensation claims

CASSANDRA BALDINI  |  WEDNESDAY, 15 MAR 2023
A rise in compensation claims from clients is expected over failure to understand risk suitability and will lead to tougher regulation, research suggests. New research from Oxford Risk revealed 58% of wealth managers, who collectively manage assets ...

Investment bonds offer refuge amid super changes

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
As the government plans to tighten rules around high superannuation balances, investment bonds offer a secure, tax-efficient alternative. The government has proposed doubling the concessional tax rate for super balances over $3 million from 15% to 30%. ...

Adviser pay, incentives disparity revealed

KARREN VERGARA  |  FRIDAY, 17 FEB 2023
... said given the substantial impact employee costs have on a practice's ongoing viability and profitability, it is no surprise that quality staff are extremely difficult to find and even harder to keep. Practices on average employ 2.7 experienced advisers. ...

Alphinity debuts two funds on the ASX

RACHEL ALEMBAKIS  |  WEDNESDAY, 8 FEB 2023
Alphinity Investment Management has listed two funds on the ASX in a bid to reach retail investors. The Alphinity Global Sustainable Equity Fund (XASG) is a diversified portfolio of 25-40 leading global sustainable listed companies that Alphinity deems ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
True to her word, Quality of Advice Review chair Michelle Levy's final report contains few surprises, however her recommendations include the introduction of both a Good Advice Duty and a Statutory Best Interests Duty. The 267-page final report ...