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Showing 1911 - 1920 of 14210 results for "Interest"

ASIC revokes Centurion subsidiary licence, suspends fund manager

ANDREW MCKEAN  |  WEDNESDAY, 24 MAY 2023
ASIC has cancelled the AFSL of Centurion Custodian Funds Management and suspended Huntley Management for non-compliance. The AFS licence of Centurion Custodian Funds Management, a subsidiary of Centurion, has been cancelled effective from January 18. ...

FAAA sounds alarm on no-consultation super reform

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
The Financial Advice Association Australia (FAAA) has criticised Treasury for neglecting to consult on draft Superannuation Performance Test reforms. FAAA chief executive Sarah Abood voiced concerns regarding the proposal and process of the Performance ...

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
... strengthen consumer outcomes. Historically, BNPL schemes have been exempt from tough regulation as they do not charge interest, but the federal government has looked to overhaul this following its options paper and review of the sector which opened last ...

Regulation, funding inhibits digital advice: Report

KARREN VERGARA  |  MONDAY, 22 MAY 2023
Several key risks are inhibiting digital advice providers from operating with confidence, a new report finds, one of which is the red tape that is preventing them from moving successfully forward. AMP's Digital financial advice market scan, together ...

Boutique co-founder jumps to AustralianSuper

ELIZABETH FRY  |  FRIDAY, 19 MAY 2023
One of the co-founders of a shuttering boutique manager is taking on a new role at AustralianSuper. At the same time, one of the fund's portfolio managers is joining a sovereign wealth fund. The $260 billion superannuation fund has added Megan Talmage ...

Art tops UHNWs shopping lists

CHLOE WALKER  |  THURSDAY, 18 MAY 2023
Among Australian ultra-high-net-worth individuals (UHNWIs) the top three investments of passion last year were art, cars, and watches, according to Knight Frank's latest luxury investment index (KFLII). The KFLII, which tracks the value of 10 investments ...

Young, millionaire investors challenge stereotypes: Data

CASSANDRA BALDINI  |  THURSDAY, 18 MAY 2023
... manufacturer and distributor Adbri, formerly known as Adelaide Brighton Cement, it added. Selfwealth found common stocks of interest for both millionaires and the general cohort is BHP and Woodside as well as the banks ANZ, CBA, and Macquarie. Meanwhile ...

Australia lags in global fund disclosure: Morningstar

ANDREW MCKEAN  |  THURSDAY, 18 MAY 2023
... disclosures "meaningless". "Simply listing the issuer of a bond tells investors nothing about its credit quality and interest-rate risk," the report said. "If a superannuation fund were to invest in an external bond fund, it need only disclose the name ...

Fitch gives Labor budget AAA rating

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... government's economic and fiscal strategy. "Our responsible budget management means lower deficits, less debt and savings on interest costs. Across our first two budgets, we are returning 87% of tax upgrades to the bottom line," he said. "This is more ...

Super funds must prioritise member experience: Consultant

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
A global technology and HR consultancy is urging superannuation funds to shift to experience-led organisations, amid changing member expectations. Bharat Bathi, the lead of Wipro HR Services' retirement services division, says "it's not an option ...