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Showing 1311 - 1320 of 1509 results for Andrew McKean

FSC analyses super, advice developments

ANDREW MCKEAN  |  MONDAY, 1 AUG 2022
The Financial Services Council (FSC) has examined the government's legislative agenda for super and given a policy update on the Quality of Advice Review. Firstly, following assistant treasurer and minister for financial services Stephen Jones' ...

US enters recession - or does it?

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
The US's real gross domestic product (GDP) decreased for the second consecutive quarter, according to the Bureau of Economic Analysis, but don't call it a recession. GDP decreased at an annual rate of 0.9% in Q2, this follows the 1.6% retracement ...

KPMG spotlights super's biggest challenges

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
KPMG has flagged ESG, tax governance, financial crime, adaptive investment operations and regulatory risks as some of its key considerations for the super sector in 2022. According to KPMG's latest Super Insights 2022 report, last year climate change ...

Federal Reserve delivers 0.75bp rate rise

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
The US Federal Reserve raised its policy interest rate by 0.75 basis points to 2.5% and indicated further increases will likely be appropriate. Explaining the decision, Federal Reserve chair Jerome Powell said: "From the standpoint of our congressional ...

Treasurer responds to dour inflation, growth

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
... regulations outlining changes to super funds' disclosure requirements. This move attracted stark criticism from senator Andrew Bragg who said minister for financial services Stephen Jones released draft regulations to hide super fund political donations ...

CPI rises, IMF lowers global outlook

ANDREW MCKEAN  |  WEDNESDAY, 27 JUL 2022
Australia's annual CPI inflation grew to 6.1% in the June quarter, slightly below the consensus forecast of 6.3%. Consumer prices rose 1.8% this quarter, again less than the 1.9% forecast. "Annual CPI inflation increased 6.1% in the June quarter ...

Office for Women combats financial abuse

ANDREW MCKEAN  |  WEDNESDAY, 27 JUL 2022
A new resource released by the Office for Women will assist the financial services sector to understand how its financial products may be used in the financial abuse of women. The new resource, Guide to prevention and action on financial abuse within ...

Prime Super, YES Group acquire Savant

ANDREW MCKEAN  |  TUESDAY, 26 JUL 2022
Prime Super and Yates Electrical Services (YES) Group have bought 100% of Savant Energy Power Networks. The deal will see the delivery of renewable energy solutions to developers and occupiers of apartments, retirement villages, shopping centres and ...

Government moves to amend military super benefits tax

ANDREW MCKEAN  |  TUESDAY, 26 JUL 2022
The government is introducing legislation that aims to ensure no veteran pays higher income taxes because of the Federal Court decision in Commissioner of Taxation V Douglas (the Douglas decision). The Douglas decision found that certain veterans' invalidity ...

AXA IM Alts names head of client group

ANDREW MCKEAN  |  TUESDAY, 26 JUL 2022
AXA IM Alts has appointed Toby Coleman as head of client group Australia, to drive growth in the market. Based in Sydney, Coleman will be responsible for raising new capital and for client relationships across Australia and New Zealand. Coleman brings ...