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Showing 121 - 130 of 2163 results for "Recovery"

US recession possible, but recovery would be strong: Capital Group

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
Despite an eventful first half of the year, the US economy has been surprisingly resilient, according to Capital Group economist Robert Lind. Addressing the audience at Capital Group's global mid-year investor outlook presentation, Lind said this is ...

Perth-based Ponzi scheme shut down by court

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
... lack of controls over what was done with the funds are likely to exacerbate the losses and the difficulty of making any recovery on behalf of investors. The losses are going to be in the millions of dollars and are likely to impact on the retirement ...

Australia-UK FTA a boon for local business

KARREN VERGARA  |  FRIDAY, 2 JUN 2023
... December 2021. It further builds on an existing two-way trade and investment relationship, spurred by post-COVID economic recovery initiatives that is set to benefit both countries. The deal includes a two-way goods trade that was worth $10 billion in ...

US debt ceiling agreement reached

CASSANDRA BALDINI  |  MONDAY, 29 MAY 2023
... step forward, it takes the threat of catastrophic default off the table and protects our hard-earned historic economic recovery." Biden said the agreement still represents a compromise. "This means no one got everything they want," he said. "But that's ...

MySuper inches to $1tn

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
... have reached a new high of $964.5 billion thanks to the mandatory increase in superannuation contributions and market recovery. The year to March saw MySuper assets grow 5.1% to surpass the previous high reached in December 2021 of $947 billion, the ...

APRA finalises rules for financial crisis readiness

ANDREW MCKEAN  |  FRIDAY, 19 MAY 2023
... preparedness, ahead of their formally obligation to adhere to CPS 190 from 2025. "We expect the requirements and guidance for recovery planning to underpin existing expectations for banks and insurers, which have experience in this area. For superannuation ...

Labor cracks down on unpaid super

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... and co-design with stakeholders on a new compliance system. The government will also implement bolstered unpaid super recovery targets for the ATO. The tax office will be assessed on the payments made to employees as a proportion of superannuation raised ...

Uptick in adviser numbers: Research

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2023
... non-aligned and super fund-aligned channels. "It remains to be seen whether this uptick in adviser numbers signals a recovery, or that the sharp December 2022 quarterly decline was a rogue figure," Rainmaker said. Boutique non-aligned AFSLs were the ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... will also provide additional resources to the ATO for early detection of unpaid super payments and to establish improved recovery targets. Of note, the ATO currently recovers only around 12% of the annual unpaid super bill, often having to wait three ...

Insignia reports advice outflows, adviser losses

JAMIE WILLIAMSON  |  WEDNESDAY, 26 APR 2023
... primarily into Antares Fixed Income. Investment earnings of $857 million were almost all in multi-asset and attributed to the recovery of asset values, it said. However, it did flag that market movement in direct capabilities was marginally negative ...