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Showing 1461 - 1470 of 5396 results for "Federal"

Complex retirement system requires simplicity: Report

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2019
A new report is putting forth key reforms needed to make superannuation fairer and more efficient ahead of the Federal Government's review of the retirement income system. The Actuaries Institute outlined a number of reforms needed to help fix the ...

Chief economist update: Tweeting Trump versus totalitarian Xi

BENJAMIN ONG  |  TUESDAY, 20 AUG 2019
... World Economy would be greatly and quickly enhanced-good for everyone!"...holds no sway for the independent Fed! The US Federal Reserve "is accountable to the public and the U.S. Congress", not the president of the day. This sharply contrasts with the ...

Japanese insurer gets Treasury tick to up Challenger stake

KANIKA SOOD  |  MONDAY, 19 AUG 2019
... does not exceed 20% per the Financial Sectors (Shareholding) Act 1998, according to an August 14 notice signed by the Federal Treasurer Josh Frydenberg. In its annual results announced August 13, Challenger said an MS&AD representative is expected to ...

Chief economist update: US recession a sure thing

BENJAMIN ONG  |  MONDAY, 19 AUG 2019
... between the yield on 10-year US Treasuries and that of the three-month bill - considered by studies conducted by both the Federal Reserve Bank of Cleveland and New York, to be the best predictor of a looming US recession - remains negative. It had been ...

Association policy lead to join Treasury

ELIZABETH MCARTHUR  |  THURSDAY, 15 AUG 2019
The head of policy at a major industry association has taken a new role with Federal Treasury. Jordan George has been the head of policy at the SMSF Association for seven and a half years. The SMSFA confirmed to Financial Standard that George will step ...

Court dismisses Westpac lending practice case

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
The Federal Court has dismissed ASIC's case against Westpac, alleging it breached responsible lending practices for home loans. ASIC alleged that between December 2011 and March 2015, the bank failed to properly assess whether borrowers could meet repayment ...

Chief economist update: Greater than the Great Recession of 2008

BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
... words St. Louis Fed president James Bullard podcast in his interview with Karen Mracek - media relations coordinator at Federal Reserve Bank of St. Louis - overnight (on August 14). Perhaps I'm turning into a Dr. Doom but, if the current global economic ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
... become the convention since the 'Great Recession'. Just when we thought, things were heading for normality, the US Federal Reserve made an about-face in July, discarding its trek towards policy normalisation and cut the fed funds rate by 25 basis ...

Clime Capital settles class action

KARREN VERGARA  |  MONDAY, 12 AUG 2019
Clime Capital has settled a Federal Court class action in principle for an agreed sum of $8.3 million. Backed by IMF Bentham, Clime told shareholders it was pleased the in-principle settlement has been reached with UGL, a firm that provides engineering ...

Chief economist update: Race to the bottom redux

BENJAMIN ONG  |  THURSDAY, 8 AUG 2019
... activity continues to be weak, with the global slowdown and escalating trade tensions posing downside risks." If the US Federal Reserve cut the Fed funds rate again - by 25 bps to 1.75%-2% - as expected (or as Trump wants), other central banks may need ...