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Showing 1741 - 1750 of 10705 results for "May 2011"

US inflation drops to 8.5%

CASSANDRA BALDINI  |  THURSDAY, 11 AUG 2022
US inflation has eased to 8.5% from its historic 40-year peak of 9.1%, recorded in June. The drop beat market expectations of 8.7% and comes as a welcome relief for the Biden government. The reason for the fall is a slowdown in rising energy prices. ...

ASIC research guides retail investment regulations

ANDREW MCKEAN  |  THURSDAY, 11 AUG 2022
ASIC has released a retail investor research report which captures motivations, attitudes and behaviours, helping the regulator determine where its efforts should be concentrated. The report offers a point-in-time snapshot of investor behaviour during ...

Commonwealth Bank profit nears $10bn

CASSANDRA BALDINI  |  WEDNESDAY, 10 AUG 2022
Commonwealth Bank (CBA) reported its cash net profit has risen 11% to $9.6 billion and its net profit increased 9% to $9.7 billion since last year. The banking giant said home loans, up 7.4%, contributed to the strong earnings as well as growth in core ...

ASIC working to improve breach reporting regime

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
ASIC has said it is focused on improving the breach reporting regime that came into effect last October, following concerns that it's not operating as intended. The regime, which applies to all AFSL and ACL holders, commenced in October 2021 and ...

ASIC flags 'significant' IDR compliance issues at super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
An analysis of close to 50,000 complaints made to super funds has found some trustees are failing to adequately record and respond to member complaints. ASIC is currently undertaking surveillance of super funds' internal dispute resolution processes ...

Review of ASIC funding model begins

ANDREW MCKEAN  |  TUESDAY, 9 AUG 2022
The government has commenced a review of the ASIC Industry Funding Model, issuing terms of reference. An update from Treasury said the review will be forward looking and focused on identifying refinements to the industry funding model. Treasury added ...

Macquarie Asset Management buys Veolia waste business

CHLOE WALKER  |  TUESDAY, 9 AUG 2022
French utility company Veolia has agreed to sell its Suez's UK waste business to Macquarie Asset Management (MAM) for $3.5 billion. MAM will acquire 100% of the share capital of Suez Recycling and Recovery UK Group. Veolia has been selling off parts ...

Convicted former financial adviser banned for life

CHLOE WALKER  |  TUESDAY, 9 AUG 2022
ASIC has permanently banned NSW-based financial adviser Ezzat-Daniel Nesseim after he was sentenced for repeatedly attempting to mislead the regulator. Nesseim is barred from performing any function involved in operating a financial services business ...

What the QAR should focus on: MLC Life

CASSANDRA BALDINI  |  TUESDAY, 9 AUG 2022
MLC Life Insurance has said the Quality of Advice Review (QAR) should focus on how to ensure Australians can access financial advice, regardless of their wealth. Ahead of Michelle Levy's draft report due later this month, MLC Life said it believes ...

How Australians are losing retirement returns

ANDREW MCKEAN  |  MONDAY, 8 AUG 2022
Australians are missing out on potential retirement returns by not regularly salary sacrificing, according to new research by Finder. A Finder survey has shown 86% of Australians don't top up their super fund regularly. What's more, it found only one ...